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.

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