If my loan is over-collateralized can I withdraw collateral?

For loans where the collateral-to-principal (CTP) is greater than 300%, you can request a partial collateral refund back to a CTP of 250%. 

Tip: You can learn more about collateral-to-principal (CTP) in our Knowledge Base article for How is collateral-to-principal (CTP) calculated?

How to withdraw collateral for an over-collateralized loan

  1. Log into your Unchained account.
  2. Navigate to your loan by clicking its name in the dashboard.
  3. Designate the redemption address by clicking the 3-dot menu.
    1. If you would like to transfer collateral to a vault, you can enter the vault’s deposit address as the redemption address.
  4. If your CTP is greater than 300% and you have not requested a refund or received a margin call in the last 30 days, you can click Withdraw collateral.
  5. Input the amount and fee rate for the redemption.
  6. Review the details and click Create redemption.

Read more in our Ultimate gate to bitcoin-backed loans.