Manage loans
On this page the user can manage their loans.
Last updated
On this page the user can manage their loans.
Last updated
When using the STAB Protocol, it is of crucial importance to keep track of your open loans, and ensure their good health.
To manage a loan, the user first has to select one [1]. They are then provided with some useful information about its status [2], and could close it immediately if they have the necessary STAB to pay off their debt in full.
With a loan selected, the user can also manage their collateral (add or remove collateral) or manage their debt (partially pay it off, or borrow more).
Managing collateral If a user wants to add collateral, they should select the "Add collateral" selector [1]. Here, they can choose how much collateral they want to add [3], and the interface will show them their new collateralization ratio [2].
If a user wants to remove collateral, they select the "Remove collateral" selector [1]. Here, they can choose how much collateral to remove [3]. Be careful though, removing collateral will decrease the collateralization ratio of your loan! This new collateralization ratio is displayed about the input field [2].
Managing debt If a user wants to pay off some of their debt, they select the "Pay off debt" selector [1]. Here, they can choose how much STAB debt to pay off [3]. The new collateralization ratio is prominently displayed [2].
If a user wants to borrow more against their collateral, they select the "Borrow more" selector [1]. Here, they can choose how much debt to add to their loan [3], and see the collateralization ratio this results in [2]. Be careful though, borrowing more will lower a loan's collateralization ratio!
