Bull'N'Bear
The Maxi strategy automates the following process of opening a leveraged long or short position on any asset supported by Zeru.
Going long: Borrow a stable asset like DAI and swap it for a volatile asset like ETH. After an increase in the price of ETH, it’s swapped back to DAI and the initial loan is repaid, with any profit returned to the user.
Going short: Borrow a volatile asset like ETH and swap it for a stable asset like DAI. After a decrease in the price of ETH, the DAI is swapped back to ETH and the initial loan is repaid, with any profit returned to the user.
Because Maxi strategies are finances by a much lower borrow rate, fees are significantly lower compared to borrow rates on other platforms such as centralised exchanges and perp DEXs. By accessing up to 15x leverage even on a ZCL balance, profitable Maxi strategies will return a higher APY. Plus, the earn rate of CTs and ZScore growth will also be boosted. You can also earn Zeru points!
How to Use Maxi Strategy in Zeru
1. To use Maxi Strategy users should have collateral in their wallet or collateral deposited in the lending pool or credit tokens
2. Performing Actions to use Maxi Strategy
Open Position
In the Market page, click leverage on the asset you want to use as collateral for your Maxi strategy, then select Maxi.
Enter the amount you want to use as collateral, if you want to use collateral which is already deposited in lendingpool then click transfer from lendingpool icon on top of the input bar then enter the amount, if you wish to use your credit tokens then you can click on the credit amount available inside the input bar to use credit as collateral
Then select LONG or SHORT position you want to take, then select the leverage you want to take, which will automatically update the borrow amount
The more leverage you take the more your Health factor comes near to 1, which increases risk of liquidation of your position
Verify the details in the transaction overview then approve the token and confirm the transaction
Click Open Position and confirm the transaction
Update Position
On the Strategies page, click the Maxi radio button on the left, then click the action button on the position you want to update the collateral then click update.
Enter the amount you want to add as collateral, if you want to add collateral which is already deposited in lendingpool then click transfer from lendingpool icon on top of the input bar then enter the amount, if you wish to use your credit tokens then you can click on the credit amount available inside the input bar to add credit as collateral
Verify the details in the transaction overview then click Update Position and confirm the transaction
Close Position
On the Strategies page, click the Maxi radio button on the left, then click the action button on the position you want to close then click update.
After reviewing the position information, click close position
Last updated