Repaying loans on Moonwell is an essential process that helps prevent liquidation risks as interest accrues over time. This guide will walk you through the loan repayment steps on Moonwell’s Isolated Markets, ensuring you can repay your debt efficiently and manage your borrowing position.

What you will find in this article:

What you need:

• A connected wallet: ensure your wallet is connected to Moonwell.

• Active loan: if you want to know how to borrow assets on Isolated Markets on Moonwell, you can check my last article.

• Assets to repay: make sure you have the necessary assets in your wallet yo repay your loan.

How to Repay your Loan

Option A: Via the “Markets” section

1)Navigate to the “Markets” page from the main menu.

2)Locate the Isolated Market you want to repay. You can use the filter on the top right to easily find it.

3)Once you click on the desired market, you will be redirected to its management page.

4)Switch to the “Repay” mode to proceed with repayment.

Option B: Via the “Portfolio” section

1)Go to “Portfolio” on the top menu.

2)In the “Open Positions” section, locate the borrowed asset you want to repay.

3)Click on the “Repay” button next to the asset, which will take you directly to the Repay page.

Step-by-step repayment process

1)Enter repayment amount: specify how much of the borrowed asset you want to repay. You can manually enter the amount or click “MAX” to repay the full borrowed amount.

2)Check Credit Impact: after entering the repayment amount, review how your Credit Limit will be affected. This will give you insight how much you can borrow after repayment.

3)Confirm transaction: once you are satisfied with the details, confirm the repayment transaction in your wallet.

4)Repayment complete: after the transaction is successful, the specified amount will be repaid.

Conclusion

Repaying your loan on Moonwell is essential for managing your risk and preventing liquidation. By following the steps outlined in this guide, you can condifently handle your loan repayment and ensure your borrowing position remains under control.

Remember, repaying your loan not only protects your collateral but also allows you to adjust your position for future opportunities. If you are ready to take the next step, managing your isolated market loans is just a few clicks away.

Lynn Brooke