The Auto-deleverage feature is being sunset and is no longer accepting new positions.
Users with an existing Auto-deleverage position should disable it.
How to disable the Auto-deleverage feature
If you have the Auto-deleverage feature enabled on a Morpho Variable Rate market, click on the manage button to remove it.
On your dashboard position:
On the market page:
Clicking on the manage button will make the Auto-Deleverage removal modal:
What it was used for
Auto-Deleverage was a feature designed to reduce the risk of full liquidation. When enabled, if your LTV exceeds a pre-set threshold, a portion of your position may be closed to bring it back to safer levels.
Once enabled, it aimed to keep a position open as much as possible by closing only a portion to restore its health, charging a fee only on the amount closed.
By using this feature, you agree to the Terms of Use and acknowledge that you are responsible for monitoring your own position.
If any issue or additional question, get in touch opening the chatbox at the bottom right of the help page 👉