Folks Finance
xChain App (NEW)Algorand AppContact usV1 Docs
  • Welcome to Folks Finance
  • Folks Finance Algorand app documentation
  • Introduction
    • Get started
      • Create a wallet
      • Get ALGO or ASAs
      • Connect wallet to Folks Finance
    • V2, what's new?
    • Need help?
      • Contact
      • Glossary
      • FAQ
      • Fees
      • Allowing pop-up
    • V2 Testnet tips
  • Functionalities
    • 🏦Deposit
    • 💰Loan
      • Collateral
      • Borrow
    • 🔄Swap and...
    • 🏛️xALGO - Liquid Staking
      • How to Migrate from gALGO to xALGO
    • 🚜Lending Pools
    • 📈Ultraswap
    • 🛣️Folks Router
    • 🔗Algorand Consensus
      • No code
      • SDK
  • Architecture
    • Parameters
    • Pool dynamics
    • Interest rate model
    • Rebalancing
    • Loan collateral
    • Loan borrow
    • Liquidation
    • Loan types
    • Flash loan
  • TOKENOMICS
    • FOLKS
  • DEVELOPER
    • Security
      • Bug bounty
      • Audits
    • Contracts
    • Official SDKs
  • COMMUNITY
    • Contact
    • Work with us
    • Ambassador program
    • Brand & Logos
    • Community treasury
    • Aeneas liquidity program
    • Privacy and T&C
Powered by GitBook
On this page
  • Borrow (Dashboard)
  • Borrow (Loan Page)
  • Repay
  • Repay using another asset
  • Repay using collateral
  1. Functionalities
  2. Loan

Borrow

Last updated 1 year ago

Borrow (Dashboard)

  1. On the Loans page, Available to Borrow table, click on Borrow. A modal will appear.

  2. Choose the loan you want to borrow in.

  3. Type in the amount you want to borrow.

  4. Choose between stable or variable APY.

  5. Click Borrow.

  6. Sign with your wallet.

Borrow (Loan Page)

  1. In the Loans page, Your loan table, click on Manage.

  2. Once you are on the loan page, click on Borrow next to the token you want to borrow.

  3. Type in the amount you want to borrow.

  4. Choose between stable or variable APY.

  5. Click Borrow.

  6. Sign with your wallet.

Repay

  1. In the Loans page, Your loan table, click on Manage.

  2. Once you are on the loan page, click on Repay next to the token you want to repay.

  3. Type in the amount you want to repay.

  4. Click on Repay.

  5. Sign with your wallet.

Repay using another asset

  1. In the Loans page, Your loan table, click on Manage.

  2. Once you are on the loan page, click on Repay next to the token you want to repay.

  3. Click on Use another asset.

  4. Select the asset to repay with.

  5. Type in the amount.

  6. Click on Repay.

  7. Sign with your wallet.

Repay using collateral

Please note.

During the Redeem period of ALGO Liquid Governance, repaying an ALGO loan with gALGO will be done by redeeming the gALGO instead of the swapping.

  1. In the Loans page, Your loan table, click on Manage.

  2. Once you are on the loan page, click on Repay next to the token you want to repay.

  3. Click on Use collateral.

  4. Select the asset to repay with.

  5. Type in the amount.

  6. Click on Repay.

  7. Sign with your wallet.

💰
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.