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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.
- 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.
- 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.