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How to Activate Concrete Protect

Concrete Protect offers a higher level of security beyond the default Concrete Borrow (Lite) protection. It injects credit into your loan to improve the Loan-to-Value (LTV) ratio, reducing the risk of liquidation. Fees for upgrading are calculated based on the selected plan and protection duration.

Here’s how to activate it for individual positions (applied separately for each loan):

1. Access Your Portfolio​

Users can manage all protected positions from the Portfolio:

  • From the dashboard, click on the Portfolio tab.
  • Under Active Loans, find the loan position you want to upgrade.

2. Manage the Loan​

  • Click the Manage button next to your desired loan position.

3. Initiate Protection​

  • In the loan management view, locate the Protect This Loan button.
  • Click the button to explore available protection plans.

4. Select a Protection Plan​

  • Choose from the available plans (e.g., Foundation, Fortitude, Fortress).
  • Review the details, including credit injection, liquidation price improvements, and associated fees.

5. Confirm Protection​

  • Once you select a plan, click on Protect Loan with Selected Plan.
  • Approve the transaction through MetaMask.

6. Protection Activated​

  • After confirmation, your loan will display its protection status and updated LTV in the Portfolio.
  • You’ll also see the applied credit line and its remaining balance under the loan details.