You can reduce a margin position's debt in two ways: repay it with assets from your Balances, or close part or all of the position and settle the debt from the assets already inside it. Both flows are guided in the app.
Repaying a position
Repaying lowers your risk, improves your leverage ratio, and moves you closer to owning the position's assets outright. From the position detail view, click Repay to open the repayment dialog.
Select the repayment asset from the dropdown. It lists the assets this position accepts, which always includes the settlement asset the debt is denominated in: USDC.
Set the amount with the slider or the input field.
Review the preview, which shows how much debt will be repaid in token and USD value, your updated outstanding debt, and the new partial liquidation threshold.
Click Repay and approve the transaction in your wallet. A repayment usually completes in under a minute.
Why repay
A partial repayment lowers your total debt, improving the health of the position and reducing liquidation risk.
A full repayment clears the debt entirely and gives you full ownership of the assets in the position.
Either way, repayment lets you adjust your equity ratio as market conditions change.
Closing a margin position
To settle debt using only the assets already held in the position, use the Close button. This partially or fully closes the position by selling part of it.
In the Close Position dialog, choose how much of the leveraged asset you want to use to repay the debt. The preview then shows:
The portion of your debt that will be repaid, in token and USD value
The current market rate used for the transaction
Any swap fees applied by the exchange the position trades on
What will remain in your position afterwards
What will be paid out to you
Click Close Position and approve the transaction in your wallet. Closing usually takes less than a minute.
Close scenarios
Full debt repayment sells just enough of the position to settle all outstanding debt.
A partial close sells a portion of the position to repay part of the debt, leaving the rest intact.
A full close ends the position entirely and lets you decide what to do with what is left, either keeping some of the leveraged asset or converting all of it to USDC.
What to expect on Solana
A partial close has to leave a workable position behind: the amount you close must be at least 0.01 USDC, and what remains has to be worth at least 15 USDC. The app tells you before you sign if your amount breaks either limit. A full close is exempt from both, so you can always exit completely.
A repay or a close moves assets between your Nolus account and Solana over the protocol's transfer channel and trades there, so it takes a few steps. It normally completes in under a minute, occasionally a few minutes if the trade has to be retried at a better price. After the debt settles, a full close shows a short Closing step before it reads Closed.
Proceeds are paid to your Nolus account, and you can withdraw them to your Solana wallet from the Balances page. Closing stays available for as long as the position exists, even if Nolus has stopped offering that asset or protocol to new positions.