Use-case

While the use-case of Boost and Repay is self-explanatory in nature, we can still cover examples in which the tools would be utilized.

Boost Use-Case

Let's use an example where we have:

  • 20 ETH collateral

  • 35,000 DAI debt

ETH's current price is at $3,836.91 - with the Safety Ratio at 176.52%

If ETH's price starts increasing and reaches $4,000 - we're looking to increase the amount of ETH we have before a potential bull run.

We can get this done in one transaction by using the "Boost" tool located in the "Leverage" tab:

We just need to input how much DAI's worth of ETH we'd like to borrow and add to our position's supplied collateral. So let's input $8,000 of DAI:

As we input the amount we'd like to boost, the UI will update to show a preview of what your position will look like before you actually execute the transaction.

Clicking "Boost" will show you a pop-up window:

From here, you'll see the amount of ETH you'll be adding based on the market rate - along with the option to choose your preferred Exchange route and Slippage limit. You'll also be provided with all additional fees associated with the transaction under "Additional info:"

If everything looks good, press "Boost", sign the transaction, and you'll successfully increase your exposure to ETH in a single transaction - increasing your profits if ETH's price continues to surge.

Repay Use-Case

Let's use an example where we have:

  • 22.07 ETH collateral

  • 43,000 DAI debt

ETH's current price is at $3,836.91 - with the Safety Ratio at 158.57%

If ETH's price starts decreasing and reaches $3,500 - our position is going to start nearing a dangerous Safety Ratio. Based on the Safety Ratio calculations, ETH at $3,500 would put this position's Safety Ratio at 146%

So, we'd like to ensure we move back to a more comfortable Safety Ratio with the Repay tool:

We just need to input how much of our ETH collateral we'd like to swap into the DAI debt and repay part of our debt in a single transaction:

As we input the amount we'd like to repay, the UI will update to show a preview of what your position will look like before you actually execute the transaction.

Clicking "Repay" will show you a pop-up window:

From here, you'll see the amount of DAI you'll be repaying based on the market rate - along with the option to choose your preferred Exchange route and Slippage limit. You'll also be provided with all additional fees associated with the transaction under "Additional info:"

If everything looks good, press "Repay", sign the transaction, and you'll successfully repay part of your debt using collateral from your position in a single transaction - ensuring you're safer from liquidation in case ETH's price continues to crash.


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