> For the complete documentation index, see [llms.txt](https://docs.thestandard.io/tst/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.thestandard.io/tst/core-concepts/borrowing-process.md).

# Borrowing Process

Borrowing USDs from The Standard is a straightforward process:

1. **Deposit Collateral**: Users begin by depositing their preferred collaterals into their Smart Vault. (All smart vaults are fully under the users control.)
2. **Collateral Evaluation**: The collateral is evaluated by the smart contracts using chainlinks decentralized price feeds. The Smart Vaults value is calculated based on current market prices collected by those chainlink price feeds.
3. **Mint USDs**: Users can then borrow USDs against their collateral, up to the maximum allowed based on the collateralization ratio of 110%. The borrowing is done at 0% interest.