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How to Repay a Loan?

PreviousHow to Borrow Tokens?NextDanogo Staking Bond

Last updated 3 months ago

  • 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.