Repaying assets

ElaraLend allows users to repay borrowed assets to manage their debt and free up collateral. Repayments can be made at any time, whether you’ve borrowed from the Main Pool or Satellite Pools. This guide explains how to repay borrowed assets.

Main pool operations:

In the Main Pool, users can repay borrowed assets to reduce their debt and increase their available borrow limit. Follow these steps to repay:

Access the market page: Log into ElaraLend and navigate to the Portfolio Page.
Select the borrowed asset: Select the asset you wish to repay and click on Repay(e.g., ETH, WBTC, USDC).
Enter the Repayment Amount: Input the amount you want to repay. You can choose to:

Repay the full amount: To fully close out the loan and free up all your collateral.

Make a partial repayment: To reduce the amount borrowed and increase your available borrow limit without closing the loan.

Review the Transaction: Confirm the repayment amount, ensuring that your transaction covers both the principal and the accrued interest.
Confirm the Repayment: Approve the transaction in your connected wallet. Once completed, the repaid assets will be deducted from your outstanding debt, and your available borrow limit will increase accordingly.

Satellite Pool Operations:

In the Satellite Pools, users can repay borrowed WETH to reduce their debt and free up the corresponding LST/LRT collateral. Follow these steps to repay:

Access the portfolio page: Log into ElaraLend and navigate to the Portfolio Page.
Select the borrowed asset: In the Satellite Pools section, select the WETH asset you borrowed and click on Repay.
Enter the repayment amount: Input the amount of WETH you wish to repay. You can choose to:

Repay the full amount: To fully repay your borrowed WETH and release all your LST/LRT collateral.

Make a partial repayment: To reduce your outstanding WETH debt and increase your borrow limit while keeping part of your collateral enabled.

Review the transaction: Confirm the repayment amount, ensuring that your transaction covers both the principal and any accrued interest on the borrowed WETH.
Confirm the repayment: Approve the transaction in your connected wallet. Once the transaction is completed, the repaid WETH will be deducted from your debt, and your available borrow limit will adjust accordingly.

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Last updated 1 month ago

Main pool operations:

In the Main Pool, users can repay borrowed assets to reduce their debt and increase their available borrow limit. Follow these steps to repay:

Access the market page: Log into ElaraLend and navigate to the Portfolio Page.

Select the borrowed asset: Select the asset you wish to repay and click on Repay(e.g., ETH, WBTC, USDC).

Enter the Repayment Amount: Input the amount you want to repay. You can choose to:

Repay the full amount: To fully close out the loan and free up all your collateral.

Make a partial repayment: To reduce the amount borrowed and increase your available borrow limit without closing the loan.

Review the Transaction: Confirm the repayment amount, ensuring that your transaction covers both the principal and the accrued interest.

Confirm the Repayment: Approve the transaction in your connected wallet. Once completed, the repaid assets will be deducted from your outstanding debt, and your available borrow limit will increase accordingly.

Satellite Pool Operations:

In the Satellite Pools, users can repay borrowed WETH to reduce their debt and free up the corresponding LST/LRT collateral. Follow these steps to repay:

Access the portfolio page: Log into ElaraLend and navigate to the Portfolio Page.

Select the borrowed asset: In the Satellite Pools section, select the WETH asset you borrowed and click on Repay.

Enter the repayment amount: Input the amount of WETH you wish to repay. You can choose to:

Repay the full amount: To fully repay your borrowed WETH and release all your LST/LRT collateral.

Make a partial repayment: To reduce your outstanding WETH debt and increase your borrow limit while keeping part of your collateral enabled.

Review the transaction: Confirm the repayment amount, ensuring that your transaction covers both the principal and any accrued interest on the borrowed WETH.

Confirm the repayment: Approve the transaction in your connected wallet. Once the transaction is completed, the repaid WETH will be deducted from your debt, and your available borrow limit will adjust accordingly.