Yes, you can make early payments on your loan before its maturity date and there are no fees for early payments.

How to make an early payment:

To make early payments on your loan, visit your Strike app’s Cash tab, and follow these steps:

1. Tap the LTV tracker to open your Loan Center
2. Tap “Manage LTV”
3. Select “Pay cash”
4. Enter an amount you would like to pay
5. Review and confirm your payment

You can also close your loan 60 days after your loan is opened by paying all outstanding interest and principal from your cash balance or liquidating sufficient bitcoin collateral.

Important notes on early repayments:

• Reducing principal: Making early payments reduces your LTV ratio and the principal amount of your loan, which in turn reduces the amount of interest that accrues on your loan moving forward.
• Early payment source: Currently, you can only make early payments using your cash balance, not your bitcoin or linked bank account.
• Daily interest accrual: Interest on your loan accrues daily, meaning after you make an early payment, interest will have accrued on your loan’s previous principal amount up to the date that you made the payment.