FAQ

We will constantly update the FAQ list based on feedbacks from our community

Quesiton: What is the different between Current Margin and Perp Dex?

Answer: In Current Margin, the protocol borrows spot assets from the lending market, performs a flash-loan-enabled swap, and creates a leveraged spot position. Collateral, debt, and liquidation all follow the same LTV framework as Current Market, thus leverage level is relatively low. User earns yield from their supplied collateral and pays interest for their debt. net APY = Supply APY - Borrow APY. If your net APY is positive, your position pays for itself — trade with no funding cost!

Perp DEXs create virtual positions that depend on funding rates and AMM/PnL mechanics.

Take-away: Current Margin's funding fee is more preditable and much lower compared to CEX Margin and Perp Dex, but max leverage level is lower, more suitable for users favoring long term leveraged exposure.

Q: Is Current Multiply just looping?

Answer: Multiply is fundamentally different from manual looping. It can reach up to 16× leverage in a single transaction, while looping usually can’t get close due to repeated LTV constraints.

Multiply combines Current-Lend primitives — E-Mode + flash loans — inside a single vault: E-Mode: enables higher effective LTV than base collateral settings Flash loans: enable leveraged exposure atomically (no multi-step looping)

Multiply profitability is entirely driven by Net APY. Multiply is currently long-only. Higher leverage increases LTV and reduces your safety buffer.

Q: Why USDC stats differ on Main vs Alt market

Answer: Current lending uses an isolated market design. Even if both USDC markets are in liquidity mining, their liquidity and borrowing demand differ, so stats won’t match.

Q: Why can't I borrow and supply at the same time?

Answer: For safety and protocol robustness, each Current Market only allows lending and borrowing of an asset in one direction at a time. This prevents circular positions and reduces systemic risk.

For users who want two-sided exposure—for example, to participate in liquidity mining on both the long and short side—they can instead open a leveraged position through Current Margin

Q: Why there is no stop-loss, take profit options?

As a decentralized lending system, Current chooses not to take control of user assets. Implementing SL/TP requires authorization that conflicts with decentralization.

Additionally, Current’s model (collateral + debt lending) is different from order-book trading.

Q: Why does my 4X margin position only have a 7% liquidation buffer?

Current Margin leverage relies on flash loan in lending market. Each asset has its own Liq LTV and Borrow Weight, liquidation is determined by these parameters—not by leverage alone.

LTV is calculated using risk-adjusted debt. If your borrowed asset has a high Borrow Weight (e.g., 1.3), $100 of nominal debt is treated as $130 in risk terms — pushing LTV higher than basic math would suggest.