🎯Loan Payback
To re-access a locked collateral, borrowers are required to pay back their outstanding balance on a loan. Outstandings can be paid back in proportions or at once to unlock a percentage of the collateralized asset.
A quick walk through on how to pay back an outstanding balance on a borrow loan:
Click on the Payback button at the loan box section to pay back a loan.
User will be prompted to input the Percentage of the Outstanding you're will to pay back, Input and Confirm payback.
On Paying back a loan user, can go to Loan's vault to claim unlocked collateral by clicking on the Unclaimed Collateral button.
Click the Claim button to claim collateral unlocked.
Last updated
Was this helpful?