Unwinding JLP Multiply

JLP Multiply positions can be unwound via:

1. Multiply UI

2. Loan Dashboard UI

Each interface has a one-click and a manual solution to unwinding. Kamino charges no fees on any of the unwinding solutions mentioned below.

When JLP Pool caps are hit, JLP may trade at a premium on the market. This is clearly indicated in the UI via the "oracle price difference" warning

Unwind Via Multiply UI

One-Click Solution: Adjusting Leverage

You can unwind your position in the Multiply UI using the Adjust Leverage functionality. Moving to a lower leverage amount will simultaneously reduce your debt and collateral, thus lowering your position LTV.

Here's a guide on adjusting leverage:

Auto-adjusting JLP Multiply Leverage via Multiply UI

Manual Solution: Manage Collateral & Debt

The manual route is to:

• Withdraw collateral

• Swap into debt token

• Repay debt

This can be done via the Manage Collateral and Manage Debt functionalities, and the Swap can be done via Kamino's free, in-app Swap.

Here's a guide:

Manually adjusting JLP Multiply Leverage via Multiply UI

Unwind Via Loan Dashboard

The Loan Dashboard provides an additional interface to manage your Multiply position. As in the Multiply UI, you can unwind via the Loan Dashboard using a one-click solution, or a manual workflow.

To access the Loan Dashboard from Multiply, click on the manage dropdown, and select Loan Dashboard at the bottom.

One-Click Solution: Repay With Collateral

You can unwind your position in the Loan Dashboard using the Repay With Collateral functionality. Repaying debt with collateral has the same impact as Adjusting Leverage in the Multiply UI.

To do so, you simply click to manage your debt token, and select to repay with collateral. This will simultaneously reduce your debt and collateral, thus lowering your position LTV.

Here's a guide:

Auto-adjusting JLP Multiply Leverage via Loan Dashboard

Manual Solution: Manage Collateral & Debt

As via the Multiply interface, you can manually unwind via the Loan Dashboard by:

• Withdrawing collateral

• Swapping into the debt token

• Repaying debt

When selecting your repay amount, you'll see a simulation of new LTV of your position.

Here's a guide:

Manually adjusting JLP Multiply Leverage via Loan Dashboard