# Open Trove

1. Navigate to Troves page: <https://www.lyvefi.xyz/borrow> and select which type of Trove you are going to open , click on the item and go to the open trove page

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2. Input the collateral you want to put in and the $LYU you want to borrow , there is a minimum LYU requirements ( 2000 on ETH mainnet and 1000 on Linea ) and maximum LTV ( Loan to Value )

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**Borrowing Fees:** A one-time 0.5% upfront fee is charged for loans longer than 6 months. Short-term borrowers get incentives through a partial refund mechanism.

**Total Debt:** The total amount of LYU that you are borrowing in the form of debt against the collateral deposited in your Trove.

**Loan-To-Value:** The ratio between your collateral deposit and borrowed LYU value. Lower LTV is safer, higher LTV is riskier.

**Est. Debt Ahead:** Amount of LYU available for redemption in Troves with a higher LTV than yours. The lower the amount, the more likely it becomes for your Trove to be redeemed against.

**Liquidation Price:** This is the price that your collateral token would need to reach for your Trove to be liquidated.

**Fee Refund:** If the user repays their debt within six months, they will receive a pro-rated refund of the 0.5% fixed borrowing fee for the time elapsed, with a minimum of one week's interest.