Management

All open positions created through / imported into Lucidity can be managed through the Dashboard.

There are four fundamental actions supported: Supply, Borrow, Repay, and Withdraw.

Top-up your supply position with more collateral

In the Supply modal, select the “Supply Asset'' from the drop-down box, and entire desired amount to supply. Then hit “Supply”.

You will then see the list of transactions that will be batched for you. Verify, click "Execute". You'll first have to sign the approval transaction, and then the supply transaction.

For a better understanding, you can take a look at our walkthrough video that takes you through the complete supply process on the dashboard:

Borrow against an already-supplied collateral.

In the "Borrow" modal, select the asset you wish to borrow, and enter the amount. You will not be able to borrow more than the allowable limit (such that the position health factor doesn't drop below 1. You will see the available borrowing limit based once you select the borrow asset.

Based on the selected asset and amount, you will also see the new health factor.
Click “Borrow” to see a list of transactions to be executed.
The “Execute Borrow” dialogue box will appear in front of you. Click on the “Execute” and sign the transaction in your wallet.

For a better understanding, you can take a look at our walkthrough video that takes you through the complete borrow process on the dashboard:

Pay back outstanding debt.

In the "Repay" modal, select the “Repay Asset”, enter the amount you wish to repay, and hit "Repay". You will see the impact of such action on the current health factor.

You will then see the list of transactions in the “Execute Supply” modal.
- In the first transaction, you will have to "Approve" the spending of the repay asset
- And the second transaction to do the repay action.

For a better understanding, you can take a look at our walkthrough video that takes you through the complete repayment process on the dashboard:

Withdraw your supplied collateral.

In the Withdraw modal, select the asset to withdraw from the dropdown (which will only show your supplied assets).
Enter the amount of asset that you want to withdraw. You will only be able to withdraw as long as the health factor of your open position stays above 1.