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Auto-Renewal

The Auto-Renewal feature automatically renews your position at maturity, removing the need for manual repayment or ongoing monitoring. At maturity, you can choose to renew your position at:

  • A fixed rate in a longer-dated term
  • A variable rate in an open term

Auto-renewal is opt-in, you can always manage your position manually. However, if you manage your position manually and have not repaid it before maturity, your collateral will be liquidated.

Select Auto-Renewal Policy for a New Position​

  1. After entering all the details for your position, click Review Order.
  2. Select the renewal policy you want.
  3. If you select fixed-rate auto-renewal, you can change the maximum renewal rate by opening the What happens at maturity? section and clicking on the maximum renewal rate.

Note: If the position cannot be renewed at a fixed rate, it will default to a variable rate in an open term on Morpho V1.

Modify Renewal Policy for an Existing Position​

You can update the renewal policy of an existing position at any time.

  1. Go to the Portfolio page.
  2. Select the position you want to update.
  3. On the position’s page, click the filter icon on the Maturity line.
  4. Select your preferred renewal policy.
  5. If you select fixed-rate auto-renewal, you can change the maximum renewal rate by opening the What happens at maturity? section and clicking on the maximum renewal rate.