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Debt Repayments

How do debt repayment fees work?
When a debt repayment occurs it is charged a platform fee. This fee is taken from the funds of the user that registered the top-up position. Top-up fees are split between Mero LPs, Mero governance token holders, and the Mero keeper who reported the top-up.
How does Mero ensure that my funds are available for debt repayments?
Liquidity pools maintain required reserves, as well as idle funds which are not allocated to strategies (to keep withdrawal costs low).
What protocols are supported for debt repayments?
​Aave and Compound.
How many loans can I register for debt repayments?
Users can only register debt repayments for one loan per protocol, regardless of the pool. Meaning, if Mero is integrated with Aave and Compound, users can only register one loan on each protocol. However, users can work around this by simply using a second wallet.
What happens if I close my loan?
Nothing. You will need to unregister your debt repayments to reclaim your LP tokens.
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Last modified 9mo ago