> ## Documentation Index
> Fetch the complete documentation index at: https://docs.batt.farm/llms.txt
> Use this file to discover all available pages before exploring further.

# KRW*

> Borrow KRW* against supported assets without selling them upfront.

[한국어로 읽기](https://docs.batt.farm/krw.md)

![KRW\*](https://mintcdn.com/batt-farm/6JUhtgluDTCwP6BO/images/batt/token-krw.png?fit=max\&auto=format\&n=6JUhtgluDTCwP6BO\&q=85\&s=8c688d6d8ab9155ae6336f972985395f)

KRW Star

KRW\* (KRW Star) is a crypto-backed stablecoin that targets a price of one Korean won. You can mint it against supported collateral, or get it by swapping another asset in a supported market. Its market price can differ from that target.

## Borrow against your assets

If you want to keep exposure to an asset such as ETH or BTC and need funds for another trade, you can use a supported asset as collateral to borrow KRW\*.

If your collateral's value falls too far relative to your debt, your position may be [liquidated](https://docs.batt.farm/en/glossary.md#liquidation).

## Hold dollar assets with won-denominated debt

Borrowing KRW\* against a dollar asset creates won-denominated debt. Exchange-rate changes affect the dollars needed to repay it, even if you owe the same amount of KRW\*.

[How to use KRW\*](https://docs.batt.farm/en/use-cases.md#dollar-assets-and-won-denominated-debt) includes an exchange-rate example and explains what to consider when using yield-bearing dollar assets as collateral.

## Set your borrowing rate

You choose both the amount to borrow and your annual interest rate. A lower rate reduces your interest costs but can move your position closer to the front of the [redemption](https://docs.batt.farm/en/glossary.md#redemption) queue. If your position is redeemed, both your debt and your collateral decrease. You may then hold less of the asset you intended to keep.

> [card] [What changes when you borrow?](https://docs.batt.farm/en/use-cases.md)
>
> See what you deposit, receive, and repay in two borrowing scenarios.


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