# 2.2 Asset loan

FlipDao allows users to seamlessly borrow the protocol, using Flip Tokens as collateral, for use anywhere in the Ethereum ecosystem. Unlike peer-to-peer protocols, borrowing from FlipDao simply requires the user to specify a desired asset; there are no terms to trade, expiration dates or financing periods; Borrowing is instant and predictable. Similar to the supply of an asset, each money market has a floating interest rate, set by market forces, which determines the cost of borrowing for each asset.
