Long or Short ETH / BTC

On our Trending page, you'll find zaps that allow you to open a long or short ETH or BTC position in a single transaction.

Longing an asset on DeFi Saver will:

Supply the asset as collateral
Borrow a stablecoin as debt
Swap the debt into more of the collateral
Supply the added collateral
Repeat the process of borrowing and supplying until the desired leverage amount is reached

Shorting an asset on DeFi Saver will:

Supply a stablecoin as collateral
Borrow the desired asset as debt
Swap the debt asset into a stablecoin
Supply the stablecoin as collateral and borrow more debt
Repeat the process of borrowing and supplying unitl the desired leverage amount is reached

So, let's take a look at how you can get this done in a few clicks using our zap:

Show me how:

The first step would be to navigate to our Trending page:

From there, you'll find the following zaps (cards):

Clicking on any of the zaps will open a pop-up window:

For longing ETH or BTC, the pop-up window will provide you with the option to:

Choose which asset you want to start with. This means that you can input an asset that's not ETH/BTC and the zap will swap it to either ETH or BTC
Input the starting amount of collateral
Set the leverage amount
Select the debt asset
(If minimum debt requirement is met) - Toggle auto-boost liquidation protection
Set the slippage limit

On top of this, you'll also see a preview of your position before executing the zap.

If everything checks out, simply click "Create".

From there, you'll be able to view and access your Aave position from the Portfolio page, or by visiting the Aave dashboard on DeFi Saver.

This will result in you having an open leveraged position on DeFi Saver, meaning you'll have access to a plethora of tools such as:

Last updated 5 months ago