Navigating the repayment process on the Nolus dApp is straightforward. Whether you’re looking to settle your DeFi Lease partially, in full, or take advantage of the Close Position feature, the Nolus protocol is designed to offer both flexibility and convenience. This guide will walk you through the various repayment methods, ensuring that you can manage your financial strategy with confidence, using either external assets or those already parked within your DeFi Lease position.

When it comes to settling outstanding debt on your Lease Position, Nolus offers two primary approaches. The first method involves using external assets to cover the debt, while the second allows you to leverage the assets already within your DeFi Lease position. Both options are designed to cater to different user needs, ensuring that you have the flexibility to choose the most suitable repayment method for your circumstances.

To initiate a repayment on your lease, begin by accessing your lease position screen on the Nolus dApp. From there, simply select the 'Repay' button, conveniently located at the bottom of the screen This option allows you to make either a partial or full repayment of your lease. After selecting the Repay option, you’ll be prompted to choose the asset you'd like to use for settling the outstanding debt. From the dropdown menu, simply pick the desired asset and specify the amount you wish to repay. Once you've made your selections, follow the on-screen instructions to review and submit the transaction. After the debt has been successfully settled, you can click “Collect” to transfer the remaining asset to your wallet, completing the process.

The Close feature on the Nolus dApp offers a seamless way to manage your lease repayments using the assets already within your DeFi Lease position. This method eliminates the need to provide additional external assets, streamlining the repayment process directly from your parked holdings.

The first scenario involves partial debt repayment, where you can liquidate a portion of the assets in your lease position to offset a part of the debt. To do this, navigate to the desired lease position, tap “Close,” and choose how much of the asset you wish to liquidate. The remaining assets will be automatically calculated before executing the transaction, ensuring that you maintain control over your financial strategy.

For those looking to fully repay their debt, Nolus provides the full debt repayment option. In this case, you can liquidate enough assets to cover the entire debt. Begin by locating the desired lease position and tapping on “Close.” You’ll then see the debt amount auto-filled in the input field, simplifying the process. Follow the on-screen instructions to review and submit the transaction. Once the debt has been settled, just click “Collect” to transfer the asset to your wallet.

Finally, the Position Close option allows you to fully cover your debt while managing the remaining assets. After finding the desired lease position and tapping “Close,” you can fill in an amount of the asset that exceeds the debt. Depending on the amount entered, you have the option to divide the remaining difference between the leased asset and stablecoins or collect it in one of the two. This feature offers added flexibility, enabling you to align your repayment strategy with your overall financial goals.