Borrow Debt/Leverage
After creating the Leverage Account, your next steps involve using leverage on your collateral before you can deposit into the DeFi strategies on the platform.
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After creating the Leverage Account, your next steps involve using leverage on your collateral before you can deposit into the DeFi strategies on the platform.
Last updated
Once confirmed, you will see updated collateral under the "Total Collateral" field in your leverage account which means now you can borrow debt on your collateral.
You will see the simulations displayed above the "Borrow" button, which shows the updated Debt, Health Factor, and Leverage Multiple based on your input. In the testnet version, we have limited the leverage to a maximum of 4x, and we will update this capacity soon.
Congrats! Borrowing any amount into your leverage account, enables you to access the DeFi strategies on the platform.