> For the complete documentation index, see [llms.txt](https://docs.cian.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cian.app/bondify/for-users-quick-start/getting-started/create-and-manage-a-loop.md).

# Create & Manage A Loop

1. **Loop.** Select the collateral asset, set your leverage target, approve, and confirm. The protocol borrows from SLF and converts it to collateral in one transaction; nothing is paid out as cash.

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2FDwmOrBFQ3CI2fB5Dn0T3%2Fimage.png?alt=media&amp;token=d7de27ba-6044-45e5-9e3b-1f0e3ec886bf" alt=""><figcaption></figcaption></figure>

2. **Issue YT.** Choose Issue YT, set your floor and valid-until, and list. The collateral locks and buyers fill from the FIFO queue.

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2F6ybgCYBMJflRbHA1jfux%2Fimage.png?alt=media&amp;token=84c9f788-9533-4d50-b07f-d659b25b3bd7" alt=""><figcaption></figcaption></figure>

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2FQ3SGmALClGqibTzCYRLj%2Fimage.png?alt=media&amp;token=7ab2d852-d6d7-4556-b7a7-dfcd87262177" alt=""><figcaption></figcaption></figure>

3. **Cancel remaining.** While unfilled or partially filled, cancel the unsold remainder. Sold portions stay locked.

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2FVLSfyXjOwbsrHcwIhNNk%2Fimage.png?alt=media&amp;token=e557c086-8d94-4704-ab3d-e380d8d687b7" alt=""><figcaption></figcaption></figure>

4. **Buy back.** Buy back the full issued amount at the current market price to restore your yield rights.

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2FaJv1u14uqS2R9tX14cBj%2Fimage.png?alt=media&amp;token=cc589808-48de-4e5a-b684-b23f2203d167" alt=""><figcaption></figcaption></figure>

5. **Release.** Release the position back to normal looping; accrued yield owed to buyers is deducted. Or wait for automatic bulk release at maturity.

<figure><img src="https://3390898017-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F2VbJsIDm1Amv00TtXuYm%2Fuploads%2FyHvLtTsda5LB8S4UTK90%2Fimage.png?alt=media&amp;token=a5e47038-e85d-457f-88ba-1cfcbe2ac11e" alt=""><figcaption></figcaption></figure>

6. **Track positions.** View all positions, fill progress, and history under My Positions.