# Borrow & Repay

To borrow or repay liquidity, borrowers must be connected to the Clearpool App with their verified wallet:

* Connect to the [app](https://clearpool.finance/)
* From the pool dashboard, click `Borrow Liquidity` or `Repay Liquidity`
* Enter the amount of USDC that you want to borrow or repay
* Approve the transaction in your wallet

Once the transaction is confirmed, the USDC will be removed from, or returned to, the smart contract.

{% hint style="info" %}
Borrowing and repaying liquidity will affect the utilization and interest rates respectively.
{% endhint %}

When a borrower removes liquidity from the smart contract, interest will begin to accrue and be applied to the utilization rate on every block (see [Interest Rates](/clearpool/how-it-works/dynamic/protocol/interest-rates.md) for more information).


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