Repay

Pixcross allows borrowers to repay their loans at any time, either partially or in full. Repayment reduces your outstanding debt and may eventually allow you to reclaim your IP-backed collateral (NFT) once the loan is fully settled.

Follow these steps to repay your loan:

1. Prepare Stablecoins for Repayment

Ensure that you have a sufficient balance of the stablecoin used in your loan. This token must be available in your connected wallet on the same chain where the loan was originated.

2. Navigate to the "Borrow" Page

Click on the "Borrow" tab in the main navigation menu. This page displays an overview of all your active positions, including loans, collateral, and deposits.

3. Select Your Borrow Position

Locate the loan position you intend to repay and click on it. You will be taken to a detailed view showing loan amount, interest accrued, and collateral status.

4. Enter Repayment Amount

Input the amount of stablecoins you wish to repay. You can either:

• Repay a partial amount, reducing your debt balance, or

• Repay the full outstanding amount to close the loan and reclaim your collateral.

5. Initiate the Repayment Transaction

Click the "Repay" button to begin the repayment process. Your connected wallet will prompt you to approve the transaction.

6. Confirm and Cover Gas Fees

Approve the transaction in your wallet and ensure you have sufficient native tokens (e.g., ETH, AVAX) to cover gas fees on the relevant network (Ethereum Sepolia, Base Sepolia, Arbitrum Sepolia, or Avalanche Fuji).

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Once confirmed, your repayment will be processed on-chain, and your loan balance will be updated in real time. If the loan is fully repaid, your collateralized IP/NFT will become eligible for withdrawal.