Dashboard & Use-case

For users who are looking at capital efficiency as the main reason to interact with a lending protocol, Fluid offers a wide variety of options built-into the protocol itself.

Thanks to the Fluid Liquidity Layer, users essentially have a built in DEX that creates liquidity pools from collateral, borrowed, and lent funds. In turn, this means that, within the same protocol, a user can:

  • Supply collateral and borrow debt

  • Earn yield on the position

  • Use the debt asset and supply it to the Fluid Liquidity Layer

  • Earn additional yield from borrowers of the supplied debt asset

From a safety perspective - Fluid automatically adjusts how much can be borrowed or supplied with each new block, which helps prevent sudden risk. It also separates risk by pooling liquidity and keeping an eye on how much is being used, which helps avoid bigger system-wide issues.

It’s also cheaper for users. with gas fees and liquidation penalties that are lower than most other platforms.

With all of it's mechanisms in place - Fluid also offers considerably high LTV for loans, which further reinforces the "capital efficiency" aspect of the protocol.

Before we head into how DeFi Saver lets users achieve maximum capital efficiency on Fluid, let's first look at how a position is created:

Show me how:

The first step would be to navigate to the Fluid dashboard from the sidebar on the left:

You'll land on the "Manage" tab by default, but you'll also have the:

  • Create tab, which will show you all of the available markets on Fluid

  • Automate tab, which gives you access to automation options.

  • Lend tab, which lets you lend your assets to Fluid LPs in order to earn interest

On the "Create" tab, you'll see that every Fluid market has important information such as:

  • The supply/borrow APY

  • The LTV

  • Total debt/supply

To start opening a position, simply find the suitable vault and click on it:

  1. Our first example will be opening a Borrow position. You'll need to input the amount of collateral and the debt amount.

  1. The tab on the right will update in real time to show you a projection of your position.

  1. If everything check out for you, click on the "Create" button.

If you'd prefer to open a leveraged position, you can start by clicking on the "Leverage" tab:

The interface is a bit more complex than the first due to the nature of leveraging. Here, you can:

  • Input the collateral amount

  • Input the leverage amount

  • Input the borrow amount

  • The exchange route (DeFi Saver will look to automatically find you the best one if you leave "Automatic")

  • The slippage limit

  • View your position's metrics before opening it

The dashboard will now show your new position:

You'll be able to see many important metrics on this dashboard, such as:

  • The Collateral and Safety ratio of your position

  • Your borrow limit

  • The liquidation price

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 debt 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 Fluid position on DeFi Saver!

We highly recommend reading through our Automation articles to get a better understanding of how you can further improve how your position is managed.

Now that we've covered the basics of opening a position, let's take a look at how to use the borrowed asset in order to lend it on Fluid:

Show me how:

The first step would be navigating to the "Lend" tab:

From there, you can pick the asset that you'd like to supply - Whether it's debt that you borrowed or an asset you already own in your wallet.

Before lending, you'll be able to see:

  • Your APY

  • Your estimated yearly/monthly/weekly rewards

  • If you have any claimable FLUID rewards

If you decide to withdraw the funds at any point, you'll simply navigate back to this interface, and instead of the "Deposit" option, you'd choose "Withdraw"

One of the main benefits of utilizing DeFi Saver's service is access to our automation options that maintain your position based on your personal inputs.

Automations have minimal debt requirements and their availability depends on the chain you're currently on.

Closing or Migrating your position:

The two remaining options on the dashboard that we haven't covered are Close and Transfer.

If you decide to close down your current position, the steps are extremely straightforward:

  1. Navigate to the main dashboard:

  1. Select the "Close" button:

  1. Choose how you'd like to close your position.

  1. Since closing from your position involves swaps, you can also (optionally) set the exchange route and slippage limit.

  1. Press "Close Fluid"

The "Close (to X)" represents which asset will be withdrawn to your EOA wallet once the position is fully closed. To understand this in more detail, let's look at how the "Close" tool works in the background:

  • First, it flash loans the debt asset

  • It uses the flash loaned funds to pay back all of the debt

  • Now that your collateral is freed up, it's withdrawn

  • The collateral is then swapped to the debt asset

  • This is used to pay back the flash loan

  • The remaining funds are withdrawn to your EOA

Now, if you choose "Close to (collateral asset)", this means that it will only swap enough of your collateral to cover the flash loan, but it will withdraw the rest in the collateral token. If you choose "Close to (debt asset)", it's going to swap all of your collateral to the debt asset, pay back the flash loan, and the rest will be withdrawn in the debt token.

To Transfer a position, visit the main dashboard, and click the three dots next to the "Close" option:

Click on the "Transfer" button, after which you can choose the wallet you'd like to transfer the position to:

Once everything's good to go, click "Transfer".

Related Articles:

  • Fluid

  • Available assets & compatibility

  • Liquidity Layer

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