After opening a Multiply position, understanding how to manage it helps maintain a healthy position and avoid unnecessary risk.
From the position management page, you can:
- Increase or reduce leverage
- Add or withdraw collateral
- Borrow or repay debt
- Review historical data and position activity
- Monitor risk and liquidation status
The sections below walk through each action step by step.
Increase Leverage
Use the Multiply tab to increase leverage on your existing position.
- On the Multiply tab, Adjust the leverage slider to your target multiplier.
- Review the Projected Position panel to see how collateral, debt, and Status will change.
- Click Multiply and confirm the transaction in your wallet.
Once confirmed, your position is updated with higher leverage.
Reduce leverage or exit
Use the Unwind tab to reduce leverage or fully close the position.
Partial Unwind
Reduces leverage while keeping the position open.
- Open the Unwind tab.
- Select the percentage you want to unwind.Review the projected changes. Confirm the transaction.
Part of the collateral is used to repay debt, improving the position’s safety.
Full Unwind
Fully exits the leveraged position.
- Open the Unwind tab.
- Set the unwind percentage to 100%.
- Confirm the transaction.
The debt is fully repaid, and any remaining collateral is returned to your wallet.
Managing Collateral
At anytime, you can add or withdraw collateral to adjust the safety of your position.
Adding collateral improves the safety margin and reduces liquidation risk, while withdrawing collateral is only possible if the position remains healthy after the change.
- Open the Collateral tab (Add or Withdraw).
- Enter the amount you want to add or withdraw.
- Review the updated Status to ensure the position remains safe.
- Confirm the transaction.
Adding collateral lowers the Status and increases position safety.
Withdrawals are automatically blocked if they would push the position too close to liquidation.
Managing Debt
You can borrow dept or repay debt to adjust your position’s risk and exposure.
Borrowing debt works the same way as in Borrow: the borrowed asset is sent directly to your wallet, while your Multiply position remains open and leveraged.
Borrowing increases exposure and pushes the position closer to the liquidation threshold.
Repaying debt allows you to repay any outstanding debt previously borrowed through the Borrow Debt tab. This reduces the total debt of the position and immediately improves its safety by lowering the Status.
- Open the Debt tab (Borrow or Repay).
- Enter the amount you want to borrow or repay.
- Review the impact on Status and LTV.
- Confirm the transaction.
Stats tab
The Stats tab displays historical data related to the position, including:
- Supply APY over time
- Borrow APY over time
- Oracle price history
This tab helps track how rates and market conditions have evolved.
History tab
The History tab shows a chronological log of all actions performed on the position, including:
- Deposits
- Multiply and Unwind actions
- Borrow and
- Repay transactions
- Collateral deposits and withdrawals
It provides a full audit trail of the position lifecycle.
Position status & Risk management
Each Multiply position displays a Status percentage, which indicates how close the current LTV is to the liquidation threshold.
- A lower Status means more safety margin.
- A higher Status means the position is closer to liquidation.
High-leverage positions are more sensitive to market movements. Even small price changes can significantly impact the position. In addition, changes in yield can also affect your position over time, potentially increasing your LTV and pushing the Status closer to the liquidation threshold, even if asset prices remain stable.
To manage risk effectively:
- Reduce leverage using Unwind
- Add collateral when needed
- Repay debt to lower exposure
Failing to manage a high-leverage position can result in partial or full liquidation if the liquidation threshold is reached.
Position NFT
Each Multiply position is linked to a Position NFT that is sent to your wallet when the position is created. Do not burn this NFT, as it is required to access and manage your position).
This NFT is not burned when the position is closed and can be reused for the same vault pair in the future.