> For the complete documentation index, see [llms.txt](https://help.defisaver.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.defisaver.com/protocols/morpho-midnight/dashboard-walkthrough.md).
# Dashboard Walkthrough
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*Morpho Midnight is currently only available on Base.*
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Let's now have a hands-on with Morpho Midnight's dashboard, and how to set yourself up with a fixed term, fixed rate borrow position.
First, a look at the dashboard itself:
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After opening Morpho Midnight, the first tab you'll be taken to is the "Create" tab.
Here, you'll get a list of all the available markets on Midnight, along with the option to filter by:
* Collateral asset
* Debt asset
* Market deployer
Along with that, each market will contain info on:
* The collateral/debt pair
* The market deployer
* The Oracle being used
* The max collateral LTV
* The fixed borrow rate range
* The available liquidity
On top of that, once you expand a market, you'll also see:
* The maturity date
* The estimated time until maturity hits
* The current best available rate
* The amount of liquidity available for that maturity window
To set yourself up with a position - click on "Select" next to one of the markets.
Now that we've covered the initial part of searching through the Midnight markets, let's move onto opening a position.
Aside from a regular borrow position, DeFi Saver also lets you open a leveraged position on Midnight. Here's how:
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After selecting a specific market, you'll be taken to a new page where you'll be able to either:
* Open a regular borrow position
* Open a leveraged position
Here, you'll be able to see the order book mentioned in the introductory article.
> Depending on your position size, you'll notice how the orders in the order book get fully (or partially filled) - and multiple orders being filled will be reflected in the "Estimate rate" on the right-hand panel.
>
> While there's a lot of information - fundamentally the only inputs required from the user-end is inputting the collateral amount, and setting the leverage amount.
>
> Everything else - while relevant information, does not require user inputs in order for the position to be set up.
You'll also be able to change the maturity date from the dropdown in the upper-right corner of the dashboard.
That said, the available information you'll find includes:
* The order book - containing all available rate offers and the liquidity per rate
* What your debt at maturity will be
* The position's Safety Ratio
* The Net APY
* Your Liquidation price/ratio
* The estimated rate you'll have (if your position fills multiple orders)
* The exchange route for acquiring collateral for leveraging
* The slippage amount
* The Max rate (the maximum rate you'll tolerate having - otherwise your position will not execute)
When you're ready to set the position up, just click "Create Leveraging Position".
After setting yourself up with a leveraged position, we'll now take a look at the manage dashboard, as well as the tools DeFI Saver has for managing your Morpho Midnight position:
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Now that your position is open, you'll be able to access the Manage dashboard.
Here, you'll find basic information about your position such as the collateral/debt amount and dollar value - as well as your position's Safety Ratio.
On top of this, you'll find:
* The position net balance
* The Net APY
* The Maturity date
* Liquidation price
Moving onto the available tools - we first have the basic protocol tools:
Most of these options are self explanatory - so we'll just focus on the two that could use some more details - Pay Back and Pay Back via Orderbook:
* Regular Pay Back (not via Orderbook) - by "paying back at face value", if we refer back to introductory article - it means repaying your debt units at their mature value. For example, if your debt is USDC, 1 unit will be worth 1 USDC. If you're paying back before maturity, this option means you're paying back at the worst possible price.
* Pay Back via Orderbook - this means you're paying back the debt units at their current market price using the orderbook. So for example if it's before maturity, 1 debt unit might be worth 0.96 USDC instead of 1 USDC (as would be the case with a regular Pay Back)\
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This is why Pay Back via Orderbook is generally recommended to avoid paying the face value (maximum) price on your debt
Moving onto the Leverage options:
* Boost lets you increase leverage by borrowing and buying more collateral
* Repay lets you use collateral from your position and swap it to pay back debt. The same Orderbook vs. regular repay principal applies from what we mentioned above.\
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Repaying at face value will always be the worse price/value option compared to Repaying via the Orderbook.
The Orderbook on the right-hand side shows you the available rates and liquidity - and setting up a Boost will show you how much your borrowed debt will fill the available orderbook:
As per the screenshot - all the available liquidity at 3% is filled, while the order size partially fills the 3.5% liquidity:
The pop-up window for the boost will also show you the Estimated rate based on the orders filled by the size of your Boost.
For closing your position, there is a "Close" tool - which will point you towards one of the debt repayment options:
* Pay back debt from wallet via Orderbook
* Pay back debt from wallet at face value
* Repay at face value
