Simplifinance Docs
  • Welcome
  • Getting Started
    • Create A FlexPool
    • Provide Liquidity
    • Get Finance
    • Payback
    • Liquidate
  • FAQs
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  1. Getting Started

Payback

When a contributor get financed, they're expected to return the fund within the period stipulated as the duration when the pool was created or their choice of duration selected when they got financed.

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Last updated 4 months ago

The contributor must return the correct amount shown in their profile as a loan and within the stipulated time otherwise, they risk being liquidated. When payback is completed, the collateral balance will be unlocked and is withdrawable anytime.

Loan balances