Opening a Credit Account
A quick guide to your first Credit Account.
Last updated
A quick guide to your first Credit Account.
Last updated
Being able to leverage trade and farm starts with opening a Credit Account. Simply select an interface that fits your initial purpose (farming or trading), to simplify your user journey.
Underneath, the protocol logic and contracts are the same! Different dApps simply help different user bases get to their desired positions quicker.
Then you better go to the PURE interface which is supposed to look like a regular familiar leverage interface. You can select the trading pair, your leverage, slippage, and all the other important parameters. Once you open it, you can further configure the position parameters like liquidation price and leverage factor. The PURE docs page can tell you more about what it is.
If you would want to get more out of margin trading, you can later click on "Extended dApp" in the interface and configure your position further. For example, make your short or long - farm at the same time. Many of these leverage 2.0 actions are possible, just dive in!
Then you can check Leverage Farming and open a position in one click, thanks to multicall. That page lets you ape into Curve/Convex/Lido/Yearn farms with a single click, saving you gas costs!
It's more applicable to farmers who don't want to have a bunch of complexities and steps, and who know what strategies they want to sit and farm in. This interface opens a Credit Account for you and apes into a strategy right after, removing manual complexity from you as a user.
You can then change your leverage, assets, add or remove debt, etc...
Those integrations have been put onto a separate page: Leverage Restaking & Leverage Points. With it, you can leverage points with EigenLayer, Renzo, EtherFi, and other avenues which enable this.
The flow and the interface are pretty much identical to leverage farming. This interface opens a Credit Account for you and apes into a strategy right after, removing manual complexity from you as a user.
You can then change your leverage, assets, add or remove debt, etc...
In this case, you might be better off following the steps by yourself: from selecting the debt asset to choosing leverage, to swapping some assets and LPing into Curve, to staking on Yearn and so on. In terms of what you are doing, it's the same assets as above, but with customized steps in-between.
For this, click the small "open Credit Account" button in the Extended dApp.
Select a Credit Manager based on what assets it allows for. Research the Integrations page to find out what specific Credit Manager you need;
Select your assets that you want to deposit into your Credit Account;
Select leverage factor and slippage, and then approve transactions;
Once open, do the farm-trade operations as you choose.
Before you begin, definitely check out PRO: Leverage Bible section to understand some of the intricacies on how max leverage works.
Did you find a bug with the interface, something didn't work as you think it should have, or you have a suggestion on how to improve the user experience? Suggest on Discord!
