Borrow against HIGHER

Rolling, and what re-prices when you do

A 30-day term is not a limit on how long you can borrow. At the due date you can roll into a fresh term instead of repaying, and people who use these pools for anything ongoing generally do. Worth knowing before you start: a roll is a new loan, not an extension of the old one.

That means the rate re-prices at whatever the pool quotes on the day, and so does the ceiling. Neither carries forward from the loan you are closing. If the pool has repriced upward in the meantime, the roll costs more; if it has come down, less. Plan on checking the row rather than assuming continuity.

Today the pool clears 20% of collateral value at 25% APR, lending USDC on Base. Interest is charged for the days you hold each term, so two consecutive months cost roughly two twelfths of the annual figure rather than compounding into something larger.

A clean billion, and a lowercase name

The contract at 0x0578d8a44db98b23bf096a382e016e29a5ce0ffe reports its name as “higher”, lowercase, with a total supply of exactly 1,000,000,000. It came out of Farcaster, where the word is used as an aspiration rather than a price prediction, and the holder base still skews heavily toward that community.

Read those fields yourself before a deposit. Name, symbol, decimals and supply each resolve in one call, and on Base that check is what separates the token you meant from one sharing its ticker.

Missing a roll is the one real risk

Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral, and rolling repeatedly does not change that. What it does change is how many due dates you have to meet. Each one is a date where the collateral is forfeit if nothing happens, so a plan that involves six rolls involves six diary entries.

Base gas is cents per transaction, so the cost of rolling is the new term’s interest rather than the mechanics. The Base list has the rest of the chain.