Closing and cashing out

Closing sells your shares and converts the proceeds back into spendable USDG. It is the buy flow in reverse, and it has the same resting points if something interrupts it.

#Closing a position

1
Find the position
Open positions appear on the market page they belong to and on Profile. Each shows its shares, current value, and profit or loss.
2
Choose Close
This sells your shares into the book at the going rate. You do not need to wait for the market to resolve.
3
Let the steps run
The overlay reports selling, moving, converting, and arriving. Keep the tab open until it finishes.
4
Check your cash
The proceeds arrive as USDG in your cash wallet and show up as Cash in the header.

#What the steps mean

Step	What is happening
Sell	A market sell order matched against the bids, priced with a slippage guard.
Move	Gathering the resulting `pUSD` into your trading proxy wallet.
Convert	Sending that `pUSD` to Relay to be converted back into `USDG`.
Arrive	Waiting for the USDG to land in your cash wallet.

#Cashing out a leftover balance

Cash out converts pUSD back to USDG without selling anything. Use it when a previous flow stopped after converting but before filling, leaving a balance in the proxy with no position attached.

It requires at least $1 in the proxy, because a conversion below that is not worth executing. If you have less than that stranded, it has to be topped up before it can be moved out.

#Recovering an interrupted flow

Every stopping point is recoverable, and in all of them the money is at an address you control. Match the message to the remedy:

What you see	Where the money is	What to do
`pUSD` is still in the trading proxy	Proxy wallet, on Polygon	Retry the buy to spend it, or `Cash out` to convert it back
Position sold, pUSD still in the trading proxy	Proxy wallet, on Polygon	`Cash out`
Conversion is still pending	In transit through Relay	Wait, then reload the profile page
Relay refunded the conversion	Returned to the wallet it came from	Try `Cash out` again

#Things that can stop a close

Position too small to close. Below a fraction of a share the venue will not accept the order.
No fillable liquidity. Nobody is bidding at an acceptable price. Try again, or wait for the book to fill in.
Below the conversion minimum. The sale succeeded but the proceeds are under $1, so they cannot be converted out on their own.

For why the money moves between two tokens at all, see money and tokens.