How To Modify Loans
Borrowers can modify their loans by adjusting both the collateral and loan amounts. One transaction increases both, while another decreases both.
Last updated
Borrowers can modify their loans by adjusting both the collateral and loan amounts. One transaction increases both, while another decreases both.
Last updated
On the , click on the “Borrow APR” of the asset you want to modify.
Select "Modify Loan" on Danogo Float.
Increase Collateral: You can increase the current collateral amount or add a new type of collateral (note that a maximum of 3 types of collateral can be selected).
Decrease Collateral: You can reduce the collateral amount or completely withdraw one type of collateral. When withdrawing collateral from the loan, you can choose to receive it in one of three token types: the original token, qToken, or dToken.
Increase or decrease the borrow amount by adjusting the current loan value.
The system automatically calculates the Health Factor (HF) based on the entered collateral amount and borrow amount. Make sure HF > 1 to successfully modify the loan.
