search
x-twitterlinkedinyoutubediscord

Opening a Position

In multiply, a user inputs their deposit amount and target leverage amount. Using these values, the protocol can identify how much SUI needs to be borrowed in the flash loan. Then:

  1. SUI is borrowed

  2. SUI is swapped to target asset (eg.HASUI)

  3. Target asset is supplied in Current-Lend

  4. SUI is borrowed against target asset

  5. Borrowed SUI is used to repay the initial flash loan

  6. Position is open at target leverage

hashtag
How to open a Multiply Position

  1. Select a vault in Multiply

  1. Select your deposit token, token amount and leverage

Net APY is the key metric：

  • If Net APY is higher than the underlying asset’s APY, the position earns yield.

  • If Net APY is lower than the underlying asset’s APY, interest is being paid to keep the position open.

PreviousHow It Work?NextManaging a Position

Last updated