Sorry, I've looked around the help and google/YouTube, and this part is not clear to me:

If I deposit DAI and take a 50% loan (which I can use however I like, e.g. farming), then can someone clarify how the loan is paid? When I have an amount showing that can be 'withdrawn' am I supposed to put that back into pay off the loan. If I withdraw the allowed amount and transfer elsewhere, does this mean the loan is not being paid off?

Thanks

Your loan can be paid off in multiple ways. The immediate repayment you'll have is by letting Alchemix use your deposited DAI to farm in Yearn's DAI Vault. The yield farmed from that will repay all open loans.
Additionally you may repay the loan yourself using DAI, alUSD or a mix thereof.
You can also voluntarily choose to liquidate your position which will lock the collateral needed to repay your loan inside the transmuter and use it to boost DAI farming rewards. So if you deposit 100 DAI, take a 50 alUSD loan and liquidate your position, only 50 DAI will be kept by the system, your loan is erased and the remaining 50 DAI can be withdrawn by you at any time.

a month later

Is there an estimated time, of when the loan gets paid?

Aside from the loan estimator you can use, there's an estimated date calculated and shown within the vault that should give a rough idea on when the loan is paid back assuming the APY stays stable.

7 months later

There is a deadline by when you should repay the debt in full. But there are various ways to do that, and Alchemix offers one of them.

There is no deadline for repaying loans and I'm pretty sure you're a dumb bot. Shoo shoo.

n4n0 locked the discussion.
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