How to borrow asset & repay debt
Below are the key steps on how to borrow asset & repay debt at xBank. After going through this guide, we also highly encourage you to read how liquidation is carried out at xBank here.
Step 2: Click on the asset that you wish to borrow under the "Borrow Markets" section.
Step 3: Then, you will find a pop-up of a box. Specify the amount of asset you would like to borrow and then click the "BORROW" button. Note that if this is your first time borrowing the asset, you may need to enable the asset first.
Step 4: Then, a notification from ArgentX will prompt you to sign the transaction. Click "Sign" to proceed with the transaction. Once done, your transaction will be submitted for execution. Please wait for a few moments, and you should see the borrowed asset in your wallet.
Step 1: Click on the asset that you wish to repay under the "Borrow Markets" section.
Step 2: Then, you will find a pop-up of a box. Make sure to click the "REPAY" tab at the top first. Then, Specify the amount of debt you would like to repay and then click the "REPAY" button.
Step 3: Then, a notification from ArgentX will prompt you to sign the transaction. Click "Sign" to proceed with the transaction. Once done, your transaction will be submitted. Please wait for a few moments for transaction to be executed, and your debt should be successfully repaid
Last modified 1yr ago