Users can perform partial, or total repayment of their loans.
Users can repay the loan and the accrued interest through the borrow section. There is no requirement to pay interest at a fixed interval and the user may make partial or complete payment of interest at any time. The protocol will first use the asset amount to repay the accrued interest and the rest for repaying the loan principal.
When the users pay their borrow interest, they receive an amount of frToken as a reward for this payment. The frTokens received can be exchanged with the available tokens on the Rewards Aggregator page. To better understand how the frToken and Rewards Aggregator work, look at the dedicated page.
Partial and total repayment
Users can perform partial or total repayment of their loans. The repay borrowwidget instantly reports the updated information regarding the loan position. In particular, it shows: