How to open a position

How do I open a position on DefiTuna?

Navigate to our website: https://defituna.com/farm. By default, you will be taken to our "Farm" section. Press the "Connect Wallet" button, a purple icon located at the top of the page, and follow the process to connect the wallet you would like to use.

Once connected, navigate to the "Pool" section, where you will find a dropdown menu to select your desired trading pair. Choose the relevant pair. Once selected, you will have full flexibility to start setting up your position in the following order:

"Pool" indicates the token pair currently selected.

"Collateral" Initial deposit of funds from your wallet. You must use at least one of the two tokens as collateral. Leverage can be taken against this initial Deposit.

"Disable Swap" If disabled, you can deposit a single asset as collateral—DeFiTuna will automatically swap the necessary amount to reach the target position ratio. If enabled, your deposit must already match the required ratio.

"Position Type" displays your directional bias, indicating whether your position is Long, Short, or Delta Neutral. Use the PnL chart at the top of the screen to confirm that your bias aligns with your strategy.

"Leverage" is funds Borrowed that will be taken in order to increase your LP position.

"Borrowed Ratio" allows you to choose the combination you would like your borrow to occur at. Generally speaking the asset which you Borrow is what you end up shorting.

"Position Size" indicates notional value of your position. Borrowed funds + Collateral = Position Size.

Once you've set up your position you can see your final Position Size and its weight in the relevant tokens. If you're happy with the setup you may proceed by pressing on "Create Position". You will be met with a final confirmation page which you have to confirm in order to open a position.