Close/Partially Close an AUSD Position
To close or partially close an AUSD position, follow the steps below.
- Connect to your Web3 wallet (such as MetaMask). Make sure your network is set to intended chain (i.e. BNB chain, Fantom)
- Click "Close Position" on the position you want to close or partially close
- Select Partially Close Your Position in the top-right drop-down menu
- Specify the amount of AUSD you would like to repay
- If you would like to withdraw collateral, check the Withdraw Collateral box and specify the amount of collateral you would like to withdraw
- To execute the transaction, click the green button which will say "Repay" if you are just repaying AUSD debt or "Repay & Withdraw" if you are repaying AUSD debt and withdrawing collateral
- Wait for the transaction to be processed
- Once the transaction has gone through, if you also chose to withdraw your collateral, you should receive your ibTokens back in your wallet
- Select Close Your Entire Position in the top-right drop-down menu
- Make sure to have enough AUSD balance to pay back your loan and successfully close your entire position
- If this is your first time closing a position, you must first click "Approve AUSD" and accept a confirmation in your Web3 wallet
- After the approval goes through, click "Repay & Withdraw" and accept the confirmation in your Web3 wallet
- Wait for the transaction to be processed
- Once the transaction has gone through, you should receive your ibTokens back in your wallet
Last modified 1yr ago