All collateral locked. To withdraw any of your collateral, keep your risk below this threshold (loan = 66.67% of collateral / collateral ratio of 150%).
Liquidated. You’ll lose all your collateral when your risk hits this level (loan = 85% of collateral value / collateral ratio below 118%).
Rebalancing. If the price of bnUSD moves above or below a ‘rebalancing threshold’ (currently 10%, but can be changed through governance), borrowers will have their position ‘rebalanced’ to bring the price back to $1. If the price moves below the threshold, collateral is sold and a larger amount of debt repaid. Above the threshold, debt is increased and used to buy more collateral. A maximum of 0.05% of your debt can be rebalanced per rebalancing transaction, but many transactions are required to bring the price back. Learn more about rebalancing.
Expected return. You'll earn the amount of BALN shown each day, unless other borrowers dilute the share. The APY uses this calculation:
(Annual BALN allocation x USD value) / Total bnUSD borrowed x100
Close your position
1. Repay your loan
To repay your loan, click Adjust or Repay in the loan section and reduce the amount.
The Used label indicates the maximum amount you can repay based on what's available in your wallet. If you need to buy more bnUSD to close your position, go to the Trade page.
2. Withdraw collateral
To withdraw collateral, click Adjust or Withdraw in the collateral section, then reduce the amount. If you still have a loan, you can only withdraw up to the Locked label.