How to borrow and repay
Borrow: How to borrow assets
Go to WEMIX.Fi Lend & Borrow
Go to WEMIX.Fi Lend & Borrow. Click the Lend & Borrow menu on the main page.
Select ‘Borrow’
Go to borrow. Users can see the types of assets they can borrow and the expected interest. The interest may differ for each asset.
Select the type of asset and amount to borrow
Users can choose which assets they want to borrow from the service.
Click on the button to see the list of assets available for the loan and the quantity held by users per asset.
The amount available for the loan is determined by the user’s balance.
Check the expected interest
Check the expected interest and the amount available for a loan.
Confirm and approve borrow
Check and approve the borrow transaction. Users can check the input information again through the pop-up screen. Correct any details if input was wrong. If input details are correct, press the Confirm button to approve the initial transaction.
For the loan, the protocol requests permission to access the user's wallet, and once the transaction request has been approved, assets will be loaned.
If you have approved the loan transaction and it has been successfully executed in the blockchain, the Borrow complete pop-up will appear in the upper right corner.
Borrow: How to repay assets
Select ‘Manage Borrowing’
Go to Lend & Borrow and select ‘Manage Borrowing’. Users can see the ‘Borrowed’ label once a loan is made.
Select the type of asset and amount to repay
Select the ‘Repay’ button and insert the amount to repay.
Check the expected changes
When a user makes a repayment to the service, the interest and the amount available for a loan will be calculated accordingly. The calculation will be shown through the service screen.
Confirm and approve repayment
Check and approve the repayment transaction. Users can check the input information again through the pop-up screen. Correct any details if input was wrong. If input details are correct, press the Confirm button to approve the initial transaction.
For the repayment, the protocol requests permission to access the user's wallet, and once the transaction request has been approved, assets will be repaid.
If you have approved the repayment transaction and it has been successfully executed in the blockchain, the Borrow repayment complete pop-up will appear in the upper right corner.
