Prax AI
  • Welcome to Prax AI
  • FAQ
  • 💁 GUIDES
    • Borrowing on Prax AI
      • Creating a loan request
      • Borrowing from asset/collection page
      • Repaying loans
    • Lending on Prax AI
      • Funding loans
      • Making token and collection offers
      • Claiming repayment
      • Claiming defaulted collateral
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  1. 💁 GUIDES
  2. Borrowing on Prax AI

Repaying loans

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Last updated 4 months ago

Prax AI is oracle-less, which means the only way to lose your collateral is by missing the repayment deadline (don't forget to set a reminder!)

To repay your loan:

  1. Go to the "borrow" tab on your and find the active loan you want to repay

  2. Click the "repay" button

  3. Approve tokens

  4. Repay

You are free to repay anytime before the final repayment deadline, but keep in mind that regardless of what date you choose, full interest will be due.

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