Withdraw collateral after repaying borrowed asset

Note: this option works only if you choose the MCP of “1 month” while borrowing.^

1. Go to “Your Borrow” tab from the dashboard and choose “Repaid” option from the dropdown.

2. Click on “Withdraw Collateral” for the respective repaid loan you want to withdraw collateral from.

3. There is a timelock of 3 days after repaying your loan if your MCP was 1 month (see in fig. 1).

   Post 3 days, the timelock is removed and you can then withdraw your collateral as depicted in fig. 2.

fig. 1

fig. 2

4. Click on “Withdraw Collateral” button and sign the transaction.

5. If there are no issues, then it will showcase the success notification.