# Borrowers ### Overview Borrowers are fully KYCed and qualified users who can borrow lender's funds to strictly facilitate the purchase of Backed Finance's `bIb01` token, which represents [Blackrocks ib01 Treasury Bond ETF](https://www.blackrock.com/americas-offshore/en/products/307243/ishares-treasury-bond-0-1yr-ucits-etf). ### Yield Generated Borrowers generate returns based on the spread between the value of a given `TBY` and the value generated from the `bIb01` token during the 6-month duration of the `TBY`. At the end of the 6-month maturity date, market makers complete the final swap, borrowers can redeem their yield by calling `BloomPool::redeemBorrower` and passing the token `id` of the relevant `TBY`. This will withdraw the maximum amount of liquidity available for the borrower. ### How to participate Borrowers must be fully KYCed to participate in the system. If you are interested in becoming a borrower please reach out to us at --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bloom.garden/bloom-basics/participants/borrowers.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.