Create a Leverage Account

Being able to leverage farm on Alloc8 starts with opening a Leverage Account.

1. Go to the Leverage page. Click on "Setup Now" & select the WETH as the "Borrow Asset" from the drop-down list.

(Note: We will add support for more "Borrow Assets" as we add more Earn Pools).

2. Click "Create" and wait for the transaction to confirm. Once confirmed, your Leverage account will be deployed.

(Note: After this point, either refresh the page or click on "Select Leverage Account" and select the account that comes in the drop-down list.)

Once created & connected, your leverage account will look something like 👇🏻

Every Leverage account on Alloc8 is a non-custodial smart account powered by Safe's ERC4337 protocol kit. It acts as your credit hub, allowing you to deposit various collateral tokens and borrow against them with leverage.