XOXNO
  • πŸ”₯Zero to DeFi
    • Introduction
    • DeFi Initiation
  • Smart Explorer
  • E-Mode Master
  • Pro Strategist
  • XOXNO Ecosystem
    • πŸ“–Introduction
    • πŸ”NFT Marketplace
    • πŸš€NFT Launchpad
    • 🎯XOXNO Liquid Staking
    • πŸ’±eGLD Liquid Staking
      • Protocol Overview
      • Advantages
      • User Actions
    • 🦫Borrow and Lending Protocol
      • Borrow
      • Supply
      • Repay
      • Withdraw
      • Liquidation
      • Flash Loans
      • E-Mode
      • Vault
      • Isolated Pools
      • Several positions for different markets
Powered by GitBook
On this page

Was this helpful?

  1. XOXNO Ecosystem
  2. Borrow and Lending Protocol

Repay

PreviousSupplyNextWithdraw

Last updated 3 months ago

Was this helpful?

Repaying borrowed tokens on XOXNO is a key step in managing your borrowing positions effectively. Borrowers can repay using the same tokens they borrowed, ensuring their position is brought back to safety. On XOXNO, repayment directly impacts the collateralisation ratioβ€”the balance between your collateral and borrowed amounts. By repaying your loan:

  • You increase your collateralisation ratio, reducing the risk of liquidation.

  • You can free up collateral, allowing you to withdraw a portion of your deposited assets safely.

XOXNO simplifies repayment by ensuring a straightforward process, but it’s important to use the correct token type for repayment. Keeping your borrow position in check through timely repayments ensures your assets remain secure and allows for smoother management of your overall borrowing strategy.

🦫