# 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