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"Belike thou wilt now have good will to bow down Fafnir's crest according to thy word plighted, since thou hast thus revenged thy father and the others of thy kin." Sigurd answered, "That will we hold to, even as we have promised, nor did it ever fall from our memory." "D?sir", sing. "D?s". These are the guardian beings who follow a man from his birth to his death.

"Now thou wilt have renown," he cried. "Forever wilt thou be called Sigurd, Fafnir's Bane. More renown than ever any of thy fathers had wilt thou have, O Prince of the Volsungs." So he spoke, saying fair words to him, for now that he was left alive there was something he would have Sigurd do. "Fafnir is slain," Sigurd said, "and the triumph over him was not lightly won.

Then she went to Högni and asked him to slay Sigurd, telling him that the whole of Fafnir's hoard would belong to the Nibelungs if Sigurd were slain. But Högni would not slay him, since Sigurd and he were sworn brothers. There was one who had not sworn brotherhood with Sigurd. He was Guttorm, Gunnar's and Högni's half-brother. Brynhild went to Guttorm.

They also betray Regin's evil designs, and counsel the lad to kill his tutor. This Sigurd then does, cutting off Regin's head, drinking the blood of both brothers, and eating Fafnir's heart. With the help of his steed Grani, Sigurd succeeds in penetrating through the fire to the castle.

Then, with a braver heart than before, he went forwards, along the river-bank, until he came to Fafnir's trail, a deep, wide furrow in the earth, beginning at the river's bank, and winding far away over the heath, until it was lost to sight in the darkness. The bottom of the trail was soft and slimy, and its sides had been worn smooth by Fafnir's frequent travel through it.

Eat it thyself and become the wisest of men. Then another said 'There lies Regin, and means to cheat him who trusts him. Then a third said 'Let Sigurd cut off his head then, and so own all the gold himself. Then Sigurd went to Regin and slew him, and ate the heart, and rode on Gran to Fafnir's lair, and took the spoil and loaded his good steed with it, and rode away.

Yea, at that time he led me apart, and asked me which I had chosen of those who were come; but I prayed him that I might abide to ward the land and be chief over the third part of his men; then were there two choices for me to deal betwixt, either that I should be wedded to him whom he would, or lose all my weal and friendship at his hands; and he said withal that his friendship would be better to me than his wrath: then I bethought me whether I should yield to his will, or slay many a man; and therewithal I deemed that it would avail little to strive with him, and so it fell out, that I promised to wed whomsoever should ride the horse Grani with Fafnir's Hoard, and ride through my flaming fire, and slay those men whom I called on him to slay, and now so it was, that none durst ride, save Sigurd only, because he lacked no heart thereto; yea, and the Worm he slew, and Regin, and five kings beside; but thou, Gunnar, durst do naught; as pale as a dead man didst thou wax, and no king thou art, and no champion; so whereas I made a vow unto my father, that him alone would I love who was the noblest man alive, and that this is none save Sigurd, lo, now have I broken my oath and brought it to naught, since he is none of mine, and for this cause shall I compass thy death; and a great reward of evil things have I wherewith to reward Grimhild; never, I wot, has woman lived eviler or of lesser heart than she."

Brynhild consents with great reluctance, for she is busy carrying on a war with a neighboring king. Sigurd then passes three nights at her side, placing, however, his sword Gram between them, as a bar of separation. At parting he draws from her finger the ring, with which he had originally pledged his troth to her, and replaces it with another, taken from Fafnir's hoard.

Thus died Sigurd, Fafnir's bane, whom no ten men could have slain in fair fight. Then Gudrun wakened and saw him dead, and she moaned aloud, and Brynhild heard her and laughed; but the kind horse Grani lay down and died of very grief. And then Brynhild fell a-weeping till her heart broke.

Then said Regin, exceeding heavily, "Thou hast slain my brother, and scarce may I be sackless of the deed." Therewith Sigurd cut out the heart of the worm with the sword called Ridil; but Regin drank of Fafnir's blood, and spake, "Grant me a boon, and do a thing little for thee to do. Bear the heart to the fire, and roast it, and give me thereof to eat."