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Manual Deleveraging When UI Actions Are Unavailable

If the Close or Swap action is unavailable or fails, you can exit your position manually by following the steps below.

1

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Withdraw collateral

Withdrawing collateral sends the token to your wallet, where you can swap it freely using external liquidity sources outside of Gearbox.

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Withdrawing collateral reduces your position’s Health Factor. A large withdrawal may push the position into liquidation risk. Always check the projected Health Factor before each withdrawal.

chevron-rightWithdraw collateral in the UIhashtag
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If your current Health Factor does not allow for a safe withdrawal, repay part of your debt first using the Debt Token from your wallet (see Step 3).

2

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Swap collateral into the Debt Token

Swap the withdrawn collateral into the Debt Token using external liquidity sources.

Recommended options include:

  • DEX aggregators

  • Official liquidity venues provided by the collateral issuer

3

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Repay debt using Debt Token from your wallet

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Repay the debt using the same token the debt is denominated in, directly from your wallet.

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Check whether the updated Health Factor allows for further withdrawal.

chevron-rightRepay debt in the UIhashtag
4

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Repeat Steps 1-3 until your Credit Account reaches the desired state or is fully unwound

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