Prisma Finance
  • 🌈What is Prisma Finance
  • 🟪What is PrismaLRT
  • Protocol concepts
    • Depositing Collateral and Minting mkUSD/ULTRA
    • Liquidations and Stability Pools
    • Redemptions
    • Fees
    • Recovery Mode
    • Supported Collaterals
  • Governance
    • Introduction
    • The PRISMA token
    • PRISMA Locking and Lock Weight
    • PRISMA Emission Voting
    • Emissions Boosting
    • DAO Admin Voting
    • Adding and Removing Collaterals
    • Admin Functions
      • Emergency Multisig
  • Guides
    • Using Prisma Finance
      • Opening a vault
        • Wrap your stETH to wstETH
        • Stake your frxETH to get sfrxETH
        • Wrap your eETH to weETH
      • Minting
      • Closing
    • Earning
    • Locking
      • Boost Delegation
    • Voting
    • Governance
  • Asset Risk
    • Introduction
    • Methodology
    • Risk per Asset
      • Lido wstETH
      • RocketPool rETH
      • Coinbase cbETH
      • Frax sfrxETH
      • Binance WBETH
    • Risk Parameters
    • Adding an Asset
  • External audits & Security
    • Audits
  • Additional Documentation
    • Deployment Addresses
    • Brand Assets
    • Glossary
    • FAQ
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  2. Using Prisma Finance

Closing

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Last updated 1 year ago

By repaying and closing a vault, a users repays the total debt that was borrowed to receive their collateral back. The debt includes the interest that was accrued over the period that the debt was issued.