How to Repay a Loan?
Last updated
Last updated
First, Let's connect your wallet!
Step 1: Navigate to the Yield Aggregator menu
Step 2: Choose the token you want to Repay and click on its Borrow APR.
Step 3: On the Supply list, enable toggle My Borrow
The screen only shows your borrow list.
Choose the deal you want to repay tokens
Click the Modify button on your selected deal.
Step 4: On Modify Screen (Each protocol will display different types of information) :you enter the details of the loan you want to retain:
Select the collateral token : You can keep the current one or choose a different token
Update the collateral amount: you can keep it the same, increase, or decrease it
Enter the amount you want to retain in the loan
If the amount you enter is greater than the current value of the loan: you are borrowing more.
If the amount you enter is less than the current value of the loan: you are repaying part of the loan.
If the amount you enter is 0: you are repaid everything.
Click Modify or Repay button:
Note: Be cautious not to let the health factor value drop too low. Because The loan will be liquidated if the health factor reaches 1
Sign the transaction on your wallet
Note: All transactions are built and interact directly with the smart contract of the protocol you select.