How to unwind a Liquid Leverage position
If you use the "Close" tool on your Liquid Leverage position, you'll see that it says:
"The Close option is only available for positions with one supplied and one borrowed asset."
Seeing as these positions have both USDe and sUSDe as collateral, it means you won't be able to unwind the entire position in one transaction.
So, let's look at a couple of options for unwinding:
Show me how:
The first step would be using our "Repay" tool to take the USDe part of your collateral and clear part of the debt.
To do this, open your Liquid Leverage position:
From there, you want to use the "Repay" tool and select USDe as the asset you want to withdraw and swap to repay part of the debt.
For example, if we use the max amount of USDe on Repay (which you can do by clicking "max" under Repay), we'll be able to clear nearly the entire amount of debt in our position:
From there, you have two options:
You can also use "Repay" again to swap your sUSDe collateral into the debt asset to clear the remaining debt, and then withdraw the remaining balance of sUSDe
On the other hand, you can also:
Use the "Withdraw" tool to take a part of your sUSDe collateral out of the position
Unstake the sUSDe with a 7-day wait
Swap the USDe you receive to the debt asset
Use the "Pay Back" tool to repay your debt
Considering that you've repaid a large part of your debt with the first "Repay" transaction with USDe, you should be able to withdraw a large amount of sUSDe in order to unstake and repay your debt with it.
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