How do I manage my loans on Aave?

Managing loans on Aave revolves around understanding the platform's interface and functionalities. Aave allows users to borrow and lend various cryptocurrencies in a decentralized manner. Once a user has connected their digital wallet to the Aave Protocol, they can view their existing loans on the dashboard. It displays relevant information such as the principal amount borrowed, the interest rate, and the collateral posted. To manage a loan effectively, a user can take several actions. For instance, they can repay part or all of the loan directly from the dashboard. This repayment is flexible, allowing users to manage their debt based on their financial circumstances. Additionally, users can monitor the health factor of their loans, which indicates the safety level of their collateral. If the health factor drops too low, it may be necessary to add more collateral or repay some of the loan to avoid liquidation. It is crucial to stay informed about the changing interest rates on Aave, as they can impact loan management plans. For further details, users may want to check the official Aave web page.