Position opening

Connect wallet

Go to "Farm"

Select a Pool. I wil proceed with SOL/USDC

Deposit collateral in any token you prefer. The protocol will automatically perform a swap to match the required deposit ratio, so this only affects the swap amount, not the position itself. You can also deposit both tokens simultaneously, especially if you choose to "Disable swap". In this example, I used 100 USDC.

Choose your leverage: How much do I want to amplify my liquidity position? Higher leverage means more liquidity added and potentially more fees earned. I set leverage to 3x, which means $200 will be borrowed and added to my $100, making my total position $300. This allows me to earn up to 3x more fees compared to farming with just my initial $100.

Select which tokens to borrow to increase your position — this is called the borrow ratio. By default, it’s set to 50/50, meaning the debt is evenly split between SOL and USDC. This ratio determines your directional exposure (represented by the red arrow) and allows you to create "Short", "Long", or "Neutral" positions based on your market outlook:

• If I expect SOL to rise, I borrow more USDC to benefit from SOL's appreciation.

• If I expect SOL to fall, I borrow more SOL, so I can buy it back cheaper later and profit from the drop.

• If I expect SOL to remain stable, I borrow both tokens equally.

Important: "Short" and "Neutral" strategies are not effective with low leverage (below 2x). In this example, borrowing USDC at a 75/25 ratio gives me a "Semi-Long" exposure.

Select Range: Define your lower and upper price limits, similar to how it's done on platforms like Orca, Raydium, or Meteora.

• Narrow ranges can earn higher fees but require more frequent rebalancing.

• Wider ranges generate lower fees but need less maintenance.

Note: If the price moves outside your selected range, your position will no longer earn fees and may be exposed to greater impermanent loss.

Consider your liquidation carefully: If your liquidation price is set too far from the current price, you may lose capital efficiency. If it’s too close, or worse, within your range, it becomes risky.

• Borrowing a single token (e.g., a 100/0 ratio) results in one liquidation point.

• Borrowing both tokens creates two separate liquidation points: one for each borrowed asset.

Your borrow ratio, leverage, and price range all directly influence where these liquidation points are placed. Adjust them thoughtfully to balance risk and efficiency.

Define your limit orders and swap preferences. In this example, I’m setting limit orders at the range bounds and choosing to swap to USDC for both orders.

You have the option to enable auto-compounding. In this example, I’ll auto-compound my yield and "keep leverage".

Once everything is set, click the 'Create Position' button to finalize your setup.

In the confirmation window, you’ll see the swap amount along with all your selected parameters. Review everything carefully, then click "Start Farm'" to confirm the transaction in your wallet.

If the transaction is successful, your position will appear under "Opened Positions". Take note of the available settings, which allow you to monitor your position and toggle between token amounts and token values.