> For the complete documentation index, see [llms.txt](https://oracle-free-dollar.gitbook.io/ofd/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://oracle-free-dollar.gitbook.io/ofd/collateralised-minting/cloning-an-existing-position.md).

# Cloning an Existing Position

This is the standard way to obtain OFD against a collateral. Unlike creating an entirely new position, which takes a lot of time, borrowing by cloning an established position can be done immediately. To do so, find an existing position under the ["Borrow" tab](https://app.oraclefreedollar.org/collateral) that is based on your collateral of choice and that is not maxed out yet, i.e. where the borrowed total is below the limit. You can spot such a position by searching for the "Clong & Mint" button. Note the available amount: This shows how many more OFD can be minted by cloning this particular position. When looking for a position to clone, make sure to pay attention to the liquidation price.

<figure><img src="/files/Wm4QHUoNM190BTqOO9IP" alt=""><figcaption><p>Hit "Clone &#x26; Mint" to get started</p></figcaption></figure>

Once you clicked on the button, you will be taken to the next page, where the parameters of this position will be applied.&#x20;

<figure><img src="/files/zej5YtaHxdjpA2M1Xg8r" alt=""><figcaption><p>Mint your new position here</p></figcaption></figure>

At first, you can choose the amount of OFD you would like to mint. The required collateral given, and you can choose the expiration date. On the right side, you can see the amount of OFD that will be sent to your wallet, how much will be locked in the reserve, and how high the fees are. .

The "Notes" section shows the effective annual interest, the set liquidation price, the current market price of the collateral and the loan-to-value ratio. It also provides a link to the parent position.

Ready to mint your OFD?

Just hit "Approve" after connecting a wallet, confirm the transaction in your wallet and get your new OFD!


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## 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, and the optional `goal` query parameter:

```
GET https://oracle-free-dollar.gitbook.io/ofd/collateralised-minting/cloning-an-existing-position.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

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.