Opening Credit Account

A quick guide to your first Credit Account.

Being able to leverage trade and farm starts with opening a Credit Account. Simply select an interface that fits your initial purpose (farming or trading), to simplify your user journey.

Underneath, the protocol logic and contracts are the same! Different dApps simply help different user bases get to their desired positions quicker.

1. "I want to margin trade" Then you better go to the Trading interface which is supposed to look like a regular familiar leverage interface. You can select the trading pair, your leverage, slippage, and all the other important parameters. Once you open it, you can further configure the position parameters like liquidation price and leverage factor.

If you would want to get more out of margin trading, you can later click on "Extended dApp" in the interface and configure your position further. For example, make your short or long - farm at the same time. Many of these leverage 2.0 actions are possible, just dive in!

1. "I want to leverage farm" Then you can check Leverage Farming and open a position in one click, thanks to multicall. That page lets you ape into Curve/Convex/Lido/Yearn farms with a single click, saving you gas costs!

It's more applicable to farmers who don't want to have a bunch of complexities and steps, and who know what strategies they want to sit and farm in. This interface opens a Credit Account for you and apes into a strategy right after, removing manual complexity from you as a user.

You can then change your leverage, assets, add or remove debt, etc...

The flow and the interface are pretty much identical to leverage farming. This interface opens a Credit Account for you and apes into a strategy right after, removing manual complexity from you as a user.

You can then change your leverage, assets, add or remove debt, etc...

Select a Credit Manager based on what assets it allows for. Research the Integrations page to find out what specific Credit Manager you need;

Select your assets that you want to deposit into your Credit Account;

Select leverage factor and slippage, and then approve transactions;

Once open, do the farm-trade operations as you choose.

You can choose to deposit multiple assets at once as collateral. Then you can change your leverage factor: the higher the leverage, the lower your Health Factor. And then you can also reduce slippage. Once you open the Credit Account, you can decide to keep some of your assets as idle collateral or swap some (or all of them) into different assets. You decide!