Repaying Loans

This guide focuses on working directly with contracts on Ethereum or Mantle via network-specific block explorers, not via the Minterest UI.

Repaying Outstanding Loan Amounts

Repay operations require granting an approval for the market to spend tokens on your behalf before triggering the repay. You'll execute two transactions: a spending approval and a repay confirmation.

For these next steps, we'll be interacting with Ethereum's & Mantle's explorer using both $USDC's market or token address:

• Market address on Ethereum: 0x45e90AfE8112CbE940adb1436d89Fb9450815eeA

  • Token address: 0xA0b86991c6218b36c1d19d4a2e9Eb0cE3606eB48

• Market address on Mantle: 0xEcbE4A2519f1e26df8Dfde95a4a2b89DE832896C

  • Token address: 0x09bc4e0d864854c6afb6eb9a9cdf58ac190d0df9

Before triggering the repay, make sure you have enough tokens in your wallet to cover the outstanding loan plus accrued interest.

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Providing an Approval

1. Locate the contract address for the token associated with your desired market in the smart contracts list provided in this guide.

2. Visit Ethereum's or Mantle's blockchain explorer and input the token contract address chosen on the page's search field.

3. Go to the Contract section, open the Write as Proxy or Write proxy tab, then click Connect to Web3 or Connect wallet:

   
4. Select the blockchain wallet you're using — after that, your wallet will display a browser pop-up asking you to connect to Ethereum's or Mantle's explorer.

5. Once connected, scroll down and choose the approve function.

6. Paste the market contract address of the market associated with your desired token into the spender input field.

7. To ensure the entire borrow amount is repaid, it's recommended to enter the following string in the value (uint256) input field: 115792089237316195423570985008687907853269984665640564039457584007913129639935

   This is the maximum value for value (uint256) and ensures the market can pull the correct amount considering newly accrued interest, guaranteeing the loan is fully repaid:

   
8. Click Write, then approve the transaction in the browser pop-up displayed by your wallet.

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Executing the Repay

1. Locate the contract address for the market associated with your desired market in the smart contracts list provided in this guide.

2. Visit Ethereum's or Mantle's blockchain explorer and input the market contract address chosen on the page's search field.

3. Go to the Contract section, open the Write as Proxy or Write proxy tab, then click Connect to Web3 or Connect wallet:

   
4. Locate and choose the repayBorrow function, then enter the following string in the repayAmount (uint256) input field: 115792089237316195423570985008687907853269984665640564039457584007913129639935

   
5. Click Write, then approve the transaction in the browser pop-up displayed by your wallet.

6. After repaying your loan, it's recommended to remove the approval from the market contract by using the same flow but setting the value (uint256) input field to zero: 0

You cannot repay unless you've already borrowed this asset beforehand and your wallet has enough balance to cover the inputted amount.