7.0.1. How to Repay Borrowed Funds in Compound Protocol
At any time, you can pay back the borrowed fund or increase your borrow limit in case it falls into a danger zone where it threatens the security of your collateral.
To repay borrowed funds in Compound Protocol, here are the steps:
Step 1: Login to Compound Protocol at app.compound.finance and connect your Ethereum Wallet.
Step 2: Fund your Ethereum wallet with the crypto asset you want to repay.
Step 3: In the Borrow Market on the Compound dashboard, click on the asset you want to repay. This will open up a page for you.
Step 4: Click on “Repay.”
Step 5: Click on “Enable” and follow the prompt.