Unlock & Close

Before unlocking, users must ensure that the entire borrowed amount (e.g., USDC) has been repaid, including interest. Only when the loan is repaid, users can safely close their position and retrieve their BTC collateral.

Unlock: After repaying, clicking on “Unlock” will automatically start the process whereby your collateral will be released from escrow and becomes available for unlocking back to the user's connected wallet.

Once you have unlocked your collateral, the lending position is officially closed, and all associated metrics—such as health factor, LTV, and liquidation price are reset.