🛄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.

Supply

Top-up your supply position with more collateral

  • Navigate to “Dashboard” to see your open positions.

  • Click on the “Supply” button under the protocol of choice.

  • 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.

  • The dashboard will show the updated position accordingly.

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

https://drive.google.com/file/d/1gCsKGHWKPqdeIjmSXO0a1fQBeeKsctlY/view?usp=sharing

Borrow

Borrow against an already-supplied collateral.

  • Go to “Dashboard” to see all your open positions.

  • Click “Borrow” under the protocol where you wish to borrow from.

  • 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.

  • Your borrowed amount will be reflected in the Dashboard.

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

https://drive.google.com/file/d/1DUN4dz8dmt_GsHMPJ6aK0rcUXH1o9IoM/view?usp=sharing

Repay

Pay back outstanding debt.

  • Go to the “Dashboard” to open positions.

  • Click ”Repay” under the the desired protocol position.

  • 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.

  • Once processed, your dashboard position will show the updated position state.

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

https://drive.google.com/file/d/1hb7lDEFyOMn9_HdmpVh7yDzQqCgMpvXW/view?usp=sharing

Withdraw

Withdraw your supplied collateral.

  • Go to the dashboard, to see your open positions.

  • Click on the “Withdraw” button under the protocol you wish to withdraw from.

  • 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.

  • Click Withdraw. On the "Execute Withdraw" modal, you will see the transactions.

  • Sign the required transactions in your wallet.

  • Once processed, to return to the dashboard to see the updated position.

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

https://drive.google.com/file/d/13xbhfoOcxmqsOMLbjpXEZy98yc3U1BBe/view?usp=sharing

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