Trading
Last updated
Last updated
Before we explain the step-by-step tutorial, be sure to check out our demo video as well:
First, navigate to the platform at app.lavarage.xyz. You’ll see the following screen upon arrival:
Next, choose any token you want to trade with leverage.
Enter the amount of the nominator (SOL in this case) and select the leverage multiplier.
Before executing your trade, you can always review the Loan Summary, which provides key details based on your inputs, ensuring that you have a clear understanding of your loan balance, interest, fees, and projected outcomes.
Now hit the Trade button and watch the magic unfold.
Once the trade is executed in your wallet, you can view and actively monitor your positions in real time on the Positions page.
To view the exact details such as the Open Date, Entry Price, and Current Price, simply select Show Details.
There are two options to Close your position: Sell or Repay.
The first available option is to Sell. As the trader, you can choose to sell the collateral that is locked in the smart contract to receive SOL. If the token’s price has increased since you opened the position, you'll realize a profit.
On the Close Position screen, you can review all relevant information before deciding whether to sell now or hold your position longer.
As shown below, the user has made a significant profit and is only required to repay the accumulated interest, fees, and the initial borrowed amount used to open the trade. The remainder of the profit is kept by the user.
The second option to close your position is Repay. In this case, you repay the outstanding loan to the smart contract, which includes the SOL borrowed earlier plus any accrued interest.
Once repaid, the tokens locked in the smart contract are sent back to your wallet. This option allows you to retain your tokens for the long term, safely stored in your own wallet.
Last but not least, under the Closed tab, you can view all your historical closed positions. Here, you'll find details such as the exact date the position was opened, the Entry Price, initial Position Size, and the leverage multiplier used.
At Lavarage, you can swap tokens just like on any DEX. To trade without leverage, simply select the 1x leverage option and choose the token you wish to exchange.
That’s it! Swapping is quick and easy, with support for any token that is trading already on DEXs.
