📈Managing Your Positions
Monitor, adjust, and exit your lending and borrowing positions
Viewing your positions
Open the Portfolio tab with your wallet connected.
Active Positions shows each position's asset, size, maturity, present value, and P&L.
Open Orders, Order History, and My Transactions cover everything that hasn't become (or is no longer) a position.
For borrowers: watch your collateral coverage
Check the collateral utilization / liquidation risk indicator regularly — it moves from green to red as your Loan-to-Value ratio approaches the liquidation threshold (current values).
Remember that ZC bond prices move with interest rates: your debt's present value changes even when spot prices don't.
To reduce risk, deposit more collateral, or reduce the borrow — unwind it, or place an opposite (lend) order for part of the amount. Details: Liquidation.
Adding to a position
Open the Fixed Income tab and select the same currency, maturity, and side (Lend/Borrow) as the existing position.
Place a new order for the additional amount — it merges into the same position.
Reducing or closing a position
Closing (Unwind)
In Portfolio → Active Positions, click Unwind on the position.
The position is closed against the order book at the best available price. Review the estimated price and fee, then confirm — a taker fee applies (Fees).
Reducing a position partially
The Unwind action closes the whole position. To reduce it partially, place an opposite order for the amount you want to reduce (e.g. a lend order against a borrow position) in the same currency and maturity — filled amounts net against your position.
Unwinding before maturity realizes the position at the current market price, which may be better or worse than holding to maturity, depending on how rates have moved.
What happens at maturity
At maturity, every position is handled the same way — this is protocol-wide behavior, not a setting:
Auto-Roll: the position is automatically rolled into the nearest 3-month market at the auto-roll price. A roll fee applies (Fees).
No automatic settlement: the protocol never pushes funds back to your wallet. To exit, unwind the position (before or after maturity) and then withdraw.
Liquidity note: unwinding requires counterparties on the order book. In thin markets an unwind may only partially fill (Order Life Cycle); you can retry later, or place an opposite limit order at your acceptable price.
More on the mechanics: Fixed Maturity & Auto-Roll.
Troubleshooting
Unwind not executing or only partially filling — insufficient order-book liquidity within the allowed price range; retry in a later block, wait for liquidity, or place an opposite limit order at your acceptable price.
Values look stale — refresh the page and confirm your wallet is on the right network.
Position missing after maturity — it has rolled into the next maturity; look for the new maturity date in Active Positions.
Related
Tokenization — move a position out as an ERC-20 token
Liquidation — risk management for borrowers
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