If you are new to Kashi, it is recommended to start off with a small amount on a cheaper chain (Polygon, AVAX, Fantom etc.) so you can try out the process and make some mistakes initially. In this article, we will use Kashi on Polygon.
Step 1: Head over to the borrow section of Kashi. To access it from Sushi’s UI, click on the ‘Kashi’ → ‘Borrow’ buttons.
Step 2: Select the pair with the collateral you have and the asset you want to borrow.
In this example we will use USDC as collateral to borrow WMATIC.
Step 3: Once you’ve made your selection, you’ll be redirected to a new interface. ****Navigate to the ‘Repay’ tab.
There are two ways to repay your loan:
Step 3-1: Repaying with the asset borrowed
Choose where you want to repay your funds from - Your ‘Wallet’ or ‘Bentobox’. Click the ‘Max Repay’ button to populate the value. Then choose where you want your collateral to be sent to - Your ‘Wallet’ or ‘Bentobox’. Click the ‘Max Repay’ button to populate the value.
When you’re done, click on the ‘Repay and Remove’ → ‘Confirm Repay’ buttons to execute the transaction.
Step 3-2: Repaying with your collateral
Turn on the knob for ‘Close Position’. Then click the ‘Close Position’ buttons to execute the transaction.