Repay

In this guide, you will understand how to repay $BTC.
The process for repaying assets on any of our supported markets is similar.

1. Connect your Wallet

If you haven't borrowed any assets on Colend yet, follow this guide to borrow any of our supported assets.

2. Select the Debt to Repay

Choose the Borrowed Asset : Select the asset you want to repay and click on "Repay"

(In the “Debt” column, Check the total amount borrowed per asset. Click on “Repay” for BTC.)

3. Enter Amount

Specify the Amount to Repay : Enter the amount of $BTC you want to repay.
You can choose to repay the full amount or a part of it. Make sure the amount is available
in your wallet.

(You can choose to repay the full amount or a part of your debt.)

Consider Pending interest : When repaying your debt in full, it’s a good idea to add a small extra amount to the repayment. This margin covers any additional interest that might build up while your transaction is being processed on the blockchain.

4. Confirm and Execute the Repayment

Confirm the Transaction : Click the "Repay" button to initiate the repayment transaction.
A confirmation window will appear.

(Note that the first time you repay a crypto, an approval transaction will be necessary.)

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