The first step would be navigating to the Euler V2 dashboard by clicking the icon in the sidebar:
In the same row as the Manage tab, you'll find the following options:
The first option lets you select the wallet/account that you want to view.
The second option lets you select which debt asset you'd like to borrow.
Let's now move onto the metrics that will help you do an assessment of your position:
"Net APY" is a metric that represents the % by which your position's Net value will increase/decrease in a year based on the current Supply/Borrow APY.
You'll be able to see the Safety and Collateral Ratio of your position
The right-hand side "Details" tab will give you a full breakdown of your position's details, including metrics like Liquidation limit and Borrow power used.
We've now covered the basics of Euler's dashboard, so you're now ready to open a position. Let's dive right into how you can do that:
Clicking the "Create" button will take you to a new tab:
The interface is pretty straightforward - You'll be able to:
Input the collateral amount
View your position's metrics before opening it, which update in real time.
If you'd rather opt to open a Leverage position, simply click on the "Leverage" tab:
The interface is a bit more complex than the first due to the nature of leveraging. Here, you can:
Select the collateral asset
Input the collateral amount
The exchange route (DeFi Saver will look to automatically find you the best one if you leave "Automatic")
View your position's metrics before opening it
Whether you're ready to open a Borrow or Leverage position - the finishing touch will be clicking "Create"
Now that the position is opened, the "Manage" tab will look like this:
The final part of the dashboard we'll cover are the manual management tools:
Boost - This tool is used to increase your exposure to the collateral asset when the safety ratio of your position increases. It does this by borrowing more of the debt asset, swapping it to the collateral asset, and supplying it to your current position.
Repay - This tool is used to increase the safety ratio of your position by swapping part of your collateral asset in order to repay part of the debt.
Supply - This tool is used to add more collateral to your position in order to increase the safety ratio.
Withdraw - This tool is used to withdraw collateral from your position, in turn decreasing your safety ratio
Borrow - This tools is used to borrow more of the debt asset from your current position, in turn decreasing your safety ratio.
Pay back - This tool is used to pay back part of (or the entirety) of your debt, in turn increasing your safety ratio.
By clicking the "+" "Add second action" button next to the tab for your current tool, you'll be able to combine actions into a single transaction:
Before executing any of these actions, the dashboard will provide you with updated metrics for your position based on the values you've input:
You're now well equipped to efficiently manage your Euler V2 position on DeFi Saver!