# Close a Position and Withdraw Collateral In order to close a position, you must repay any outstanding loans taken. This can be done with the repay option on the **Dashboard** screen. This process will burn borrowed synthetic from the circulating supply. Closing a position is easy and can be done in a few simple clicks. Watch the tutorial, or follow the steps below. {% embed url="" %} ### Select the NFTs you want to repay debt for and withdraw:

Confirm repayment and withdrawal, which will happen in one transaction, closing your position and sending the NFTs back to your address.

Choose to repay or repay and withdraw your NFT

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