Managing matured fixed rate positions

The June quarterly maturity is coming up this Saturday, June 15th, at 8 PM EDT. All fixed rate positions automatically convert to variable rate positions at maturity without any action needed from you.

Specifically here’s what will happen for each kind of fixed rate product:

Fixed rate lending

Fixed rate loans will automatically start earning the variable lend rate at maturity. You can convert them back into fixed rate loans in one click using the manage option in the portfolio holdings screen.

Step 1: open the manage menu.

Step 2: choose a new maturity and fix your rate.

Fixed rate debt

Fixed rate debt will automatically start accruing interest at the variable borrow rate at maturity. You do not need to repay your loan at this point. There is no penalty for letting your fixed rate loan settle into a variable rate loan.

You can convert back into a fixed rate loan in one click using the manage option in the portfolio holdings screen.

Step 1: open the manage menu.

Step 2: choose a new maturity and fix your rate.

Leveraged liquidity (fixed borrow)

At maturity, your fixed rate borrow will automatically convert into a variable rate borrow. Your leveraged liquidity position will stay open. There is no penalty for this. You will immediately start earning yield assuming your new variable borrow rate.

You can convert back into a fixed rate borrow option in one click using the manage option in the portfolio holdings screen.

Step 1: open the manage menu.

Step 2: choose a new borrow maturity and fix your borrow rate.

Leveraged vault (fixed borrow)

At maturity, your fixed rate borrow will automatically convert into a variable rate borrow. Your leveraged liquidity position will stay open. There is no penalty for this. You will immediately start earning yield assuming your new variable borrow rate.

You can convert back into a fixed rate borrow option in one click using the manage option in the portfolio holdings screen.

Step 1: open the manage menu.

Step 2: choose a new borrow maturity and fix your borrow rate.

Any other questions? Jump in the Discord and ask a member of the team.

Thanks!