Borrow / Repay

Eralend allows users to obtain loans by using their assets as collateral. Users can borrow funds by depositing collateral at a certain collateral ratio, which determines the number of tokens that can be borrowed.

This section will explain the borrow/repay flow:

Borrow:

1. Select a token from the market and click on the corresponding row.

2. Enter the desired borrow amount and click the "Borrow" button.

3. Confirm the transaction and wait for it to be processed.

4. Upon successful borrowing, you will receive assets in your wallet.

Repay:

1. Go to the Eralend Dashboard.

2. Find the asset you want to repay and click on the "Repay" button below it.

3. Enter the amount you want to repay or select "max" to repay all.

4. Click the "Repay" button and confirm the transaction.

5. Wait for the transaction to be processed.