How can I repay my loan?

You can repay your loan on Lava using your dollar balance in Lava Vault.

We offer a number of different options to move dollars into your Vault, which can then be used to repay your loan.

• You can transfer USDC (Solana) to your Lava Vault from another wallet or exchange. Once you deposit USDC, you can swap to dollars within Lava to repay.

• You can sell BTC for dollars in Lava Vault. You can do this with BTC you already hold in your Vault, or you can transfer BTC from an external wallet and sell it for dollars in Lava.

• You can take out another loan using BTC collateral and use that loan capital to repay your previous loan.

• You can send dollars from your bank account to Lava.

To transfer money from your bank account, Lava offers virtual US bank accounts. You can send money to this account and it will be automatically deposited into your Vault. These accounts are available to users globally, but may require you to send money via a SWIFT international wire depending on location. These transfers may involve SWIFT and foreign exchange fees.

For most international users, the fastest and cheapest way to move money into Lava is via BTC or stablecoin deposits from external accounts.