RE: How to participate and earn cryptocurrency tokens in the new listing of wleo (now aLeo) on Cacaoswap.
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Please explain how you unwind your Thorchain Lending position. If I deposit 0.1 Bitcoin worth 6500 and Borrow 1/2 it's value 3250 in USDC, and the price of Bitcoin goes to 13000, do I have to repay the 3250 before I can access any of the BItcoin in the Vault? Or can I now with draw 1/2 of it as it becomes excess collateral?
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I've not used it. Maybe @khaleelkazi can drop some knowledge
Okay, thanks.
I asked this to some people on TC bc I haven't unwound a loan yet
They told me there is 1 TX in 1 TX out type of management for vaults
So basically, you open a loan and the only management you can do is close the entire loan. So you'd have to pay the entire 3250 and then get back all of your BTC afterwards
Thank you, that makes sense.