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Manage Vault

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Manage Vault

After minting USM, the user can interact with the vault in the following ways.

๐Ÿ’ฐ Payback borrowed USM + accrued fees (in USM)

  • To avoid potential or imminent liquidation, or take advantage when USMโ€™s market price is lower than $1

๐Ÿ’ตย Mint more USM

  • To take advantage when USMโ€™s market price is above $1.

๐Ÿ›ย Deposit Collateral

  • To avoid potential or imminent liquidation by adding more collateral instead of payback

๐Ÿ’ธย Withdraw Collateral

  • Up to an amount that leaves a min-collateral amount in the vault

Step-by-Step Guide

Go to apps.standard.tech/vaults, you can interact with the vault you have opened.

This page also gives users an overview of total USM borrowed, total collateralized, number of vaults, and any dangerous vaults.

Your vaults will also be categorized with their safety level - Safe, Warning, and Danger respectively.

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After clicking into the vault, users can view more details about their collateral position and interact with Payback, Mint, Deposit, Withdraw.

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๐Ÿ’ฐย Payback

To avoid potential or imminent liquidation, or take advantage when USMโ€™s market price is lower than $1. Enter the amount you would like to pay back and approve to close your position.

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๐Ÿ’ตย ย Mint more

To take advantage when USMโ€™s market price is above $1.

Step 1: Enter the amount you would like to borrow, in this example, borrow $100 USM.

Step 2: Adjust the collateral ratio bar to meet the min collateral ratio (150%) or above

Step 3: Confirm the details, and click โ€œApprove USMโ€ to mint more USM

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๐Ÿ›ย  Deposit

To avoid potential or imminent liquidation adding more collateral instead of payback

Step 1: Enter amount to deposit, in this example, 0.1 ETH was collateralized, and additional 0.02 ETH is now added that increasing the collateral ratio from 200% to 240%

Step 2: Click โ€œDepositโ€ to approve your transaction

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๐Ÿ’ธย Withdrawal

Withdraw Up to an amount that leaves a min-collateral amount in the vault

Step 1: Enter amount to withdraw, in this example, it had a collateral ratio at 200% originally, and 0.0249 ETH max can be withdrawn and still keeping the new collateral ratio at min. 150%

Step 2: Confirm the details and click Withdraw

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