How to collateralize & uncollateralize asset
Step 1: To collateralize your deposited, visit xBank's website and click on the toggle of the asset which you have deposited earlier. The toggle is highlighted in the blue rectangle below.
Step 2: Once you click on the toggle, you will be shown the screen below. Click on the "USE [Asset] AS COLLATERAL" to collateralize your asset. Once done, you will prompted to sign the transaction to execute it. Click "Sign" to proceed. After your transaction is executed, your deposit should now be collateralized.
Step 1: Before uncollateralizing your deposit, you should first make sure that your debt balance is covered by other collateral assets that you've deposited. If there is not enough collateral to cover your debt, you will not be able to uncollateralize your deposit. However, if your debt balance can be covered with the remaining deposited asset, please note that uncollateralizing assets may increase your Borrow Limit % and expose you to the risk of liquidation. Click here to learn more.
Step 2: To uncollateralize your asset, please click on the toggle of the asset you wish to uncollateralize.
Step 3: Once clicked, the window below will show up. Click on the "STOP USING [Asset] AS COLLATERAL" button. Once done, you will prompted to sign the transaction to execute it. Click "Sign" to proceed. After your transaction is executed, your deposit should now be uncollateralized.