Repay
An explanation for Archi Bank repayments.
Last updated
An explanation for Archi Bank repayments.
Last updated
A wallet must first be connected in order to use Cripto Archi Finance services.
Connect Wallet (Sevice)On the repayment page, a list of assets is provided on the right, and UI elements for loan status and repayment details are on the left.
The KRW price of the selected asset is provided at the top left.
ETH uses Chainlink’s price feed, ARCD uses a fixed price of $1, and CAT uses Archi Bank’s price oracle’s time-weighted average price.
The box area with a silver background displays the current amount borrowed, the amount in KRW, and wallet balance.
The borrowed amount displays the amount borrowed by the user plus interest.
The current utilization of the borrowing limit and the change after repayment is provided at the bottom left.
Input repayment amount.
The entire loan will be repaid if the repay all checkbox is selected.
Archi Bank will process the loan interest upon repayment. The loan, therefore, may be as large as the interest accrued upon repayment in the actual Ethereum blockchain than the loan calculated at the time of repayment. In this case, a small amount will remain unrepaid, and accordingly, some of the collateral will remain without being withdrawn.
Repay all is the repayment that includes the accrued interest.
The full repayment of ETH and ERC20 tokens must be processed differently as the token transfers are handled differently.
Full repayment of the ERC20 token is possible if the wallet balance is more than the loan plus accrued interest.
Full repayment for ETH must be sent by inputting the amount of Ether as the transaction value during transmission. It is difficult for users to accurately input this value because they need to know exactly how much interest accrued.
Archi Bank does not allow users to input the full repayment of Ether but transfers the entire wallet balance for the convenience of its users. Based on the amount of Ether transferred —the entire loan with the accrued interest is repaid, and the remaining Ether is returned to the user's account.
Click the Repay button.
