Paydown Debt

Paying down the current debt will claim any accrued USDL staking rewards, may unstake some or all of the USDL staked in the Stability Pool, and if selected, may sell some of the excess collateral PLS in the vault to pay off as much of the current debt as possible. A minimum balance of debt is required to keep the vault open. The Amplifier Paydown Debt function will attempt to repay as much of the total debt, minus the minimum debt amount, using the assets you selected in the Debt Paydown Selector. If you wish to fully repay your debt and close your trove, please use the CLOSE TROVE function

This Other Paydown Methods pop-up is a very powerful tool to model the impact of paying back debt to your collateralization ratio and vault health. You can select one or any combination of all the below methods to paydown the current debt for the vault. Amplifier will take your instructions and execute them in one single transaction.

Target Debt to Paydown: The amount of stablecoins required to pay off all remaining debt. This does not include the mandatory liquidation reserve.

Initial CR: The current collateralization ration for the vault.

Actual Debt: The current total debt for the vault, including the liquidation reserve.

Min. Debt: To pay down the debt but keep the vault open, the total ending debt must be a minimum of this amount. If you want to pay down all debt, use the CLOSE TROVE button instead.

Staking Pool Rewards: This section shows the unclaimed rewards available in the staking pool that can be used to pay down your debt.

PXDC/USDL Rewards: If you claim outstanding rewards from the staking pool, these stablecoins will be used to pay down your debt. Selecting this checkbox will use all claimed rewards to pay down your debt.

PLSX/PLS Rewards: If you claim outstanding rewards from the staking pool, these tokens will be swapped to stablecoins first, then used to pay down your debt. Selecting this checkbox will use all claimed rewards to pay down your debt.

Stability Pool Rewards: This section shows the unclaimed rewards available in the stability pool that can be used to pay down your debt.

EARN/LOAN Rewards: If you claim outstanding rewards from the stability pool, these tokens will be swapped to stablecoins first, then used to pay down your debt. Selecting this checkbox will use all claimed rewards to pay down your debt.

PLSX/PLSX Rewards: If you claim outstanding rewards from the stability pool, these tokens will be swapped to stablecoins first, then used to pay down your debt. Selecting this checkbox will use all claimed rewards to pay down your debt.

Withdraw PXDC/USDL (From Stability Pool): You can select to remove stablecoins you have deposited into the Stability Pool to pay down your debt. Enter the amount of tokens to withdraw.

Withdraw PLSX/PLS (From Trove): You can select to remove excess collateral from the vault (if the collateralization ratio is over 110%). Amplifier will automatically swap to stablecoins to pay down the debt. Enter the amount of tokens to withdraw.

Withdraw PXDC/USDL (From Wallet): Enter the amount of stablecoins from your connected wallet to use to pay down the debt.

Calculate

1. Click CALCULATE after selecting your desired sources to use to pay down the debt.

2. The Projected Debt and Projected CR of Vault will be calculated to show you the estimated result of your proposed actions.

3. If you agree with the projected results, click the CONFIRM button and approve the transction with your wallet.