Odin took the magic net from Loki’s shoulder; and, opening it, he poured the treasures of the mountain elves upon the otter skin.  And Loki and Hoenir spread the yellow pieces carefully and evenly over every part of the furry hide.  But, after every piece had been laid in its place, Hreidmar saw near the otter’s mouth a single hair uncovered; and he declared, that unless this hair, too, were covered, the bargain would be unfulfilled, and the treasures and lives of his prisoners would be forfeited.

The Asas were filled with dismay; for not another piece of gold, and not another precious stone, could they find in the net, although they searched with the greatest care.  At last Odin took from his bosom the ring which Loki had stolen from the dwarf; for he had been so highly pleased with its form and workmanship, that he had hidden it, hoping that it would not be needed to complete the payment of the ransom.  And they laid the ring upon the uncovered hair; and now no portion of the otter’s skin could be seen.  And Fafnir and Regin, the ransom being paid, loosed the shackles of Odin and Hoenir, and bade the three huntsmen go on their way.

Odin and Hoenir at once shook off their human disguises, and, taking their own forms again, hastened with all speed home to Asgard.  But Loki tarried a little while, and said to Hreidmar and his sons: 

“By your greediness and falsehood you have won for yourselves the Curse of the Earth, which lies before you.  It shall be your bane.  It shall be the bane of everyone who holds it.  It shall kindle strife between father and son, between brother and brother.  It shall make you mean, selfish, beastly.  It shall transform you into monsters.  The noblest king among men folk shall feel its curse.  Such is gold, and such it shall ever be to its worshippers.  And the ring which you have gotten shall impart to its possessor its own nature.  Grasping, snaky, cold, unfeeling, shall he live; and death through treachery shall be his doom.”

Then he turned away, delighted that he had thus left the curse of Andvari with Hreidmar and his sons, and hastened northward toward the sea; for he wished to redeem the promise that he had made to the Ocean-queen, to bring back her magic net, and to decoy the richly laden ship into her clutches.

No sooner were the strange huntsmen well out of sight than Fafnir and Regin began to ask their father to divide the glittering hoard with them.

“By our strength and through our advice,” said they, “this great store has come into your hands.  Let us place it in three equal heaps, and then let each take his share and go his way.”