Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
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✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
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Repaying loans on Moonwell is essential for maintaining a healthy financial position and avoiding liquidation. As long as your borrow’s Credit Remaining stays above $0, your loan is safe. If it drop down below this threshold, your collateral may be liquidated to cover the loan. To help you stay in control, here’s a step-by-step guide on how to repay your loan on Moonwell.
What you will find in this article:
What you need:
Wallet: ensure your wallet is connected.
Supplied assets: you must have assets supplied and enabled as collateral. If you don’t have done this yet, see my guide on how to supply (lend) assets on Moonwell.
Borrowed assets: you should have an active loan. Check out on how to borrow assets on Moonwell here.
STEP-BY-STEP: REPAYING YOUR LOAN ON MOONWELL
1)Access the Repayment menu:
Go to the “Borrow” section from the top menu of the Moonwell interface.
In the borrow modal, switch to the “Repay” tab using the tabs at the top.
2)Select the asset to repay: use the asset dropdown menu to choose the borrowed asset you want to repay.
3)Enter the repayment amount:
Input the amount you wish to repay. If you want to fully repay the loan, click the “MAX” button.
Check how your credit limit will adjust after the repayment in the provided details.
4)Complete the repayment:
Click “Repay” and then “Confirm Repay”.
Confirm the transaction in your wallet and wait for the process to complete. Once successful, your desired repayment amount will be deducted from your loan balance.
By following these steps, you can manage your loans effectively on Moonwell, ensuring you avoid unnecessary risks and maintain a healthy borrowing position.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
Repaying loans on Moonwell is essential for maintaining a healthy financial position and avoiding liquidation. As long as your borrow’s Credit Remaining stays above $0, your loan is safe. If it drop down below this threshold, your collateral may be liquidated to cover the loan. To help you stay in control, here’s a step-by-step guide on how to repay your loan on Moonwell.
What you will find in this article:
What you need:
Wallet: ensure your wallet is connected.
Supplied assets: you must have assets supplied and enabled as collateral. If you don’t have done this yet, see my guide on how to supply (lend) assets on Moonwell.
Borrowed assets: you should have an active loan. Check out on how to borrow assets on Moonwell here.
STEP-BY-STEP: REPAYING YOUR LOAN ON MOONWELL
1)Access the Repayment menu:
Go to the “Borrow” section from the top menu of the Moonwell interface.
In the borrow modal, switch to the “Repay” tab using the tabs at the top.
2)Select the asset to repay: use the asset dropdown menu to choose the borrowed asset you want to repay.
3)Enter the repayment amount:
Input the amount you wish to repay. If you want to fully repay the loan, click the “MAX” button.
Check how your credit limit will adjust after the repayment in the provided details.
4)Complete the repayment:
Click “Repay” and then “Confirm Repay”.
Confirm the transaction in your wallet and wait for the process to complete. Once successful, your desired repayment amount will be deducted from your loan balance.
By following these steps, you can manage your loans effectively on Moonwell, ensuring you avoid unnecessary risks and maintain a healthy borrowing position.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
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