Refinance Your Loan

Refinancing for Optimal Conditions

1. Market Analysis: Stay informed about the changing conditions in the DeFi market and lending protocol terms.

2. Initiating Refinance: If a more favorable lending protocol is available (like a lower interest rate on AAVE compared to Compound), initiate the refinancing process by clicking 'Refinance Position'. This involves transferring your collateral and debt to the new protocol.

3. Cost-Benefit Analysis: Use Factor's tools to analyze the costs and benefits of refinancing, including potential yield improvements and interest rate differences.

In this example we are migrating our position from Aave to Lodestar