📈Managing Positions
A step-by-step guide to managing your positions on the Fixed-Rate Lending Protocol
Prerequisites
Active lending or borrowing positions on the Secured Finance platform
A connected wallet
Basic understanding of fixed-rate lending concepts
Overview
Managing your positions effectively is crucial for maximizing returns and minimizing risks in the Fixed-Rate Lending Protocol. This guide will walk you through the various ways to monitor, adjust, and close your positions, helping you navigate the platform with confidence.
Step 1: View Your Active Positions
Navigate to the Secured Finance platform
Connect your wallet if not already connected
Go to the "Portfolio" tab to see all your active positions
Review your positions, including:
Asset type
Position size
Maturity date
Current value
Profit/loss
Step 2: Monitor Collateralization Ratio (For Borrowers)
If you have borrowed assets, it's essential to monitor your collateralization ratio:
In the Portfolio tab, locate your borrowing positions
Check the current collateralization ratio for each position
Ensure it stays above the minimum required ratio to avoid liquidation
Set up notifications (if available) to alert you when your ratio approaches the minimum threshold
Step 3: Adding to Existing Positions
To increase an existing position:
Navigate to the Trading tab
Select the same asset and maturity as your existing position
Choose the same position type (Lend or Borrow)
Place a new order with the additional amount
Confirm the transaction in your wallet
Step 4: Reducing Positions
To partially close a position before maturity:
Go to the Portfolio tab
Find the position you want to reduce
Click the "Unwind" button
Select "Partial" unwind option
Enter the amount you want to reduce
Review the details and confirm the transaction
Step 5: Unwinding Positions (Early Exit)
To completely close a position before maturity:
Go to the Portfolio tab
Find the position you want to close
Click the "Unwind" button
Select "Full" unwind option
Review the details, including any fees or slippage
Confirm the transaction in your wallet
Step 6: Understanding Auto-Rolling
Auto-Rolling is a protocol-wide feature that automatically transitions positions to the next maturity period:
All positions are subject to Auto-Rolling when they reach maturity
The protocol automatically handles the transition to the next maturity period
There is no need to manually select or configure Auto-Roll settings
Be aware that Auto-Rolling will maintain your exposure to the market
Step 7: Exiting Positions at Maturity
To exit your position when it reaches maturity:
You must manually unwind your position before or after maturity
Go to the Active Positions tab
Find the position you want to exit
Click the "Close" button
Review the details, including any fees or slippage
Confirm the transaction in your wallet
There is no automatic claim system. You must manually unwind your position to exit, which means there is liquidity risk if there are insufficient counterparties in the market.
Next Steps
After mastering position management, you might want to:
Learn about liquidation mechanics to better manage risk
Understand Zero-Coupon Bond tokenization for additional opportunities
Troubleshooting
Unwind Order Not Executing
If your unwind order isn't being executed:
There might be insufficient liquidity in the orderbook
Your unwind price might not be competitive with current market rates
Try using a market unwind instead of a limit unwind for immediate execution
Position Not Showing Updated Values
If your position values aren't updating:
Refresh the page to get the latest data
Check that your wallet is still connected
Verify that the blockchain network is functioning normally
Contact support if the issue persists
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