Mars Protocol

How to Remove Excessive Collateral

In some instances, the value of your deposited assets may rise faster than the value of your borrowed assets. In that case, you can maximize your capital efficiency, by withdrawing some of your excessive collateral.
Here's a step-by-step guide on how to do it:

Step 1: Click on "Withdraw"

On the Red Bank page, go to My Deposits and click on the 3 dots beside the token you deposited. Then, click on "withdraw."

Step 2: Enter Your Withdraw Amount

Enter the amount you'd like to withdraw. After entering the amount, you can check the New Deposit Balance section to see how the updated balance will affect your position.

Step 3: Confirm the Transaction

After finalizing the withdrawal amount, click on the "Withdraw" button and confirm the transaction in your Terra wallet.

Step 4: Done!

Congratulations! You have now successfully withdrawn the excess collateral from your position. You can now check your position on the Red Bank or My Station pages.