Bitty Doc
  • Introduction
    • Why Bitty?
    • Pros for borrowers
      • Borrow money instantly
      • Repay money anytime
      • Interests lower
      • Batch borrows in one transaction
      • Claim airdrops in loans (Ordinals)
      • Proof of Ownership (ordinals)
      • Liquidation-protection (ordinals)
      • Get value from the auctions (ordinals)
    • Pros for lenders
      • Get interests instantly
      • Withdraw money anytime
      • Get protected from defaulting
  • User guides
    • Borrowers
      • Borrow money
      • Repay loan & interests
      • Claim airdrops
      • Proof collateral ownership
      • Redeem when auction started
    • Lenders
      • Deposit money
      • Withdraw money & interests
    • Liquidators
      • Trigger liquidation
      • Offer higher auction bid
      • Get the collateral as auction winer
  • Risk
    • Platform
    • Oracle manipulation
    • Borrower
      • Collaterals liquidation
    • Lender
      • Bank run
    • Liquidator
      • Lost money after the ordinals auction finished
  • FAQ
    • How to implements pool lending without smart contract?
    • Are my assets safe?
    • How liquidation works?
    • What is 72 + 3 blocks ordinals auction?
    • What is potential first bid bonus?
    • What is Health Factor?
    • Interest rate
  • Community Discord
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  1. User guides
  2. Borrowers

Repay loan & interests

PreviousBorrow moneyNextClaim airdrops

Last updated 1 month ago

  1. To begin, press ‘Connect Wallet’ and select the Bitcoin wallet provider corresponding to the wallet holding the collateralized tokens

  2. Once connected Wallet, navigate to the ‘Dashboard-Loans ’ and locate the ‘Your Borrowings’ section. This table lists the tokens you have borrowed. Choose the token you wish to repay.

  3. Enter the repayment amount and confirm the transaction in your wallet.

  4. After the repayment is confirmed, your debt will decrease, and your health factor will improve.

  5. Fully repaying your borrow position will release your collateral, making it available for withdrawal or other uses.