Repay
Overview
Repaying a loan on the Pike is a simple process that allows you to manage your debt effectively. This guide provides step-by-step instructions for repaying borrowed assets.
Prerequisites
Before repaying a loan, ensure that:
You are connected to the protocol dashboard.
You have an active borrow position on the protocol.
Your wallet contains the necessary funds to cover the repayment amount and gas fee.
Step-by-Step Loan Repayment Guide
Access the ‘You Borrowed’ Section
Navigate to the dashboard and locate the ‘You Borrowed’ section.
Review your outstanding loans and identify the asset you want to repay.
Open the Repayment Modal
Click on the “-” button on the row of the loan to repay.
A modal will appear displaying key loan details, including:
Remaining loan balance.
Projected health factor.
Enter the Repayment Amount
Choose how much you want to repay:
Manual Input: Enter a custom amount.
Predefined Options: Select from preset percentages (25%, 50%, 75%, 100%).
Confirm the Repayment
Click the Repay button.
Approve the transaction in your wallet.
Wait for the blockchain confirmation.
Verify Updated Loan Status
Return to the Dashboard to check your new loan position.
Ensure that your remaining debt and health factor reflect the repayment.
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