Beraborrow
  • Overview 🌄
    • What is Beraborrow?
    • How to use Beraborrow?
    • Key features
    • Leverage in Beraborrow
  • Borrowing 🤝
    • Dens
    • Understanding Collateral
      • Collateral Screening and Parameter Methodology
      • iBGT as collatoral
      • Kodiak Islands as Collateral
      • iBERA as collateral
      • bHONEY
      • ETH and BTC based Derivatives
    • Fees for Borrowers
    • Collateral Ratio and Liquidation
    • Recovery Mode
    • Flash Loans
  • NECT (Stablecoin) 🍯
    • What is Nectar ($NECT)?
    • Liquid Stability Pool (LSP)
    • Redemptions
      • $NECT Peg
    • sNECT Arbitrage Opportunities
  • POLLEN 🐝
    • What is POLLEN?
  • Boyco Incentives
  • Proof of Liquidity 🌊
    • Importance of Proof of Liquidity
    • How Beraborrow utilises Proof of Liquidity
  • AUDITS 🔒
    • Audits
  • Additional Resources 🔧
    • Contract Addresses
    • Brand Assets
    • Glossary
    • Official Links
  • 👥User Guides
    • Den Management
      • How to Open a Den
      • How to Close a Den
    • Liquid Stability Pool Management
      • Deposit NECT into the liquid stability pool.
      • Withdraw NECT from the liquid stability pool.
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  2. Den Management

How to Close a Den

PreviousHow to Open a DenNextLiquid Stability Pool Management

Last updated 9 days ago

You are able to close your Den at any point and it takes a matter of clicks. All you need is a sufficient NECT balance.

  1. Have a sufficient amount of NECT in your wallet. You can check your NECT balance by going to Dashboard > Portfolio from here you will see your NECT balance.

  1. Once you have confirmed you have enough NECT to close your Den position. Return to the Borrow section by clicking on the Borrow tab from the menu.

  1. Now click on Close Position. This will open a pop up where it shows your current Den position. Click the Close Position button again then Sign and approve transactions form your wallet.

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