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  • gLoop Litepaper v2
    • Introduction
    • The Two Tokens
    • Roadmap
  • PRODUCTS
    • GM Index
      • Providing/Removing Liquidity
      • Fees and Reflection
      • Deposit/Withdrawal Examples
    • GM Lend/Borrow
      • Lending USDC
      • Depositing Collateral Assets
      • Withdrawing Assets
      • Borrowing USDC
      • Repaying Debt
      • gLooping GM Assets
      • Position Management
        • Withdrawing Assets
        • Health Factor and Liquidations
      • Lending/Borrowing GMI (Coming Soon)
      • Frequently Asked Questions (FAQs)
    • GLOOP Staking (Coming Soon)
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  • FREQUENTLY ASKED QUESTIONS (FAQs)
    • GM Index (GMI)
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    • GLOOP Staking (Coming Soon)
  • GLoop Ecosystem
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  1. PRODUCTS
  2. GM Lend/Borrow

Repaying Debt

PreviousBorrowing USDCNextgLooping GM Assets

Last updated 8 months ago

At present, since you can only borrow USDC, you can only repay debt using USDC. Once you've gotten all the degen'ing out of your system, you can repay your borrows at any time.

To repay USDC debt:

  1. Navigate to the Portfolio tab <insert link> on the Deposit/Borrow page.

  2. In the Portfolio subtab, click "Repay Debt." In the Repay view, enter how many tokens you will repay. Doing so will give you a preview of your potential Health Factor and your remaining debt after the repayment. Remember, your Health Factor needs to be 100% or greater to avoid liquidation risk. (See for details.)

  3. Once you've settled on the amount to repay, click Repay and sign the transaction that auto-populates in your wallet.

Upon repayment, your Health Factor will improve. You can see more details on your position and manage your position in the Portfolio tab.

Liquidations