I tried to repay the loan with alUSD and it got approved, but it only took the ETH fee of 30$, still the loan is unpayed, so nothing happend except a fee was taken. How do I repay the loan so I get my collateral back?
Here is the transaction hash:
0x1277fc6352ca0a07e9fab681163f46e679e9b9f513bbfa78dabc4381288876b7
Seems like I´m paying for approvals only, newbie on this stuff, what is happening?
Due to security concerns at some point a 2-step-verification was put in place on the network. This is not something that's Alchemix specific.
So what you do is first "approve" a contract to work with a select token on your behalf and then you gotta deposit said token.
It's kinda bad UX but it's better to have it like that vs any contract being able to manipulate your deposits at will without you consenting.
You... deposit. Like I said.
Deposit? No, I want to repay the loan with alusd, do I need to choise the repay tab again and loose another 30$?
Maybe deposit was the wrong word, but you need to essentially do the same thing you thought you did before because earlier you only approved the contract to handle your stuff for you, the second step would be to actually handle a repayment.
