Close/Partially Close an AUSD Position
Last updated
Last updated
Persuant to AIP-25's resolution, AUSD has been sunsetted. All remaining AUSD positions were force-closed on October 17th. You can read more on AUSD sunsetting & AF1.0 Batch#1 Migration Plan article. Thus, this page is only a referenced information before it is sunsetted.
To close or partially close an AUSD position, follow the steps below.
Go to the Portfolio page and click on the AUSD sub-menu at the top
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
