> 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="/files/xqGQZIYDpUJSf0MglpWv" 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="/files/FYMOMZ7SJ52FC1nHXmso" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/eKBGltGiQACV2pZU2H6Z" alt=""><figcaption></figcaption></figure>

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

<figure><img src="/files/2bBLitEi6pzTKl3ABcI7" 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="/files/nHw00O9utkPNzFcpITZ8" 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="/files/81863d2WXet8vunezWcl" alt=""><figcaption></figcaption></figure>

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


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