estaban deshaciendo
-they/you were undoing
Imperfect progressive ellos/ellas/ustedes conjugation of deshacer.

deshacer

Literalmente, estaban deshaciendo la tierra con su presencia.
They were literally unmaking the land with their presence.
De hecho, antes de la crisis de 2007 muchos especuladores financieros ya se estaban deshaciendo del papel moneda para formar sus propias reservas de lingotes de oro.
Long before the crisis of 2007 many financial speculators were already getting rid of paper money and building up their stock of bullion.
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to light