> For the complete documentation index, see [llms.txt](https://asgard-finance.gitbook.io/asgard-fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://asgard-finance.gitbook.io/asgard-fi/our-products/debt-swap.md).

# Debt Swap

Debt Swap lets you refinance your loan to a lower interest rate without needing to close and reopen your loan. This means you can reduce your borrowing costs while keeping your positions intact.

Debt Swap comes in handy when:

* the interest on borrowed asset suddenly makes the position unprofitable
* you want to shift to assets that have extra rebates or lower interests
* there's an upcoming airdrop you want to farm — without hassle

## Using Debt Swap in 30 Seconds

#### 1. Visit [asgardfi.com/debt-swap](https://asgardfi.com/debt-swap) 

#### 2. Connect your Wallet 

Asgard will show you all your active MarginFi and Kamino Main Market positions, along with recommended debt assets to swap into and reduce costs.

#### 3. Make the Swap

1. Click on the position you want to optimize
2. View your positions along with recommended swaps for the same
3. Click "Swap" next to your desired debt asset and approve the transaction in your wallet

#### 4. Enjoy Lower Rates 

Your new, lower interest rate takes effect immediately. The dashboard updates to show your new debt asset and reduced interest costs.

### **Debt Swap Fees**

 A **flat fee of 15 bps** is charged for reducing borrow costs with debt swap.