DefiTuna Docs
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    • DefiTuna - Our Mission
  • Introduction - Who is it for?
  • Onboarding
    • Requirements
    • How to open a position
    • Monitoring Opened Positions
    • How to Lend
    • Setting Up a Directional Bias
  • Platform Info
    • Supply APR
    • Yield (24h) Estimation
    • Borrow APR and Lending Utilization
    • Supported Pools
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  • Security and Risks
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    • Understanding Pseudo Delta Neutral
    • Understanding Impermanent Loss
    • How to open different strategies
      • Position opening
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      • Neutral Farming
      • Perpetual Swap on DefiTuna
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  1. Onboarding

How to open a position

PreviousRequirementsNextMonitoring Opened Positions

Last updated 2 months ago

How do I open a position on DefiTuna?

Navigate to our website: . By default, you will be taken to our "Trade" section. Press the "Connect Wallet" button, a purple icon located at the top of the page, and follow the process to connect the wallet you would like to use.

Once connected, navigate to the "Pool" section, where you will find a dropdown menu to select your desired trading pair. Choose the relevant pair. Once selected, you will have full flexibility to start setting up your position in the following order:

"Pool" indicates the token pair currently selected.

"Collateral" Initial deposit of funds from your wallet. Leverage can be taken against this initial Deposit.

"Leverage" is funds Borrowed that will be taken in order to increase your position.

"Borrowed Ratio" allows you to choose the combination you would like your borrow to occur at. Generally speaking that asset which you Borrow is what you end up shorting.

"Position Size" indicates notional value of your position. Borrowed funds + Collateral = Position Size.

1

Collateral

Collateral - You must use at least one of the two tokens as collateral. DefiTuna takes care of setting the right ratio in order to fit the CLMM position.

2

Leverage

Choose how much you would like to borrow in order to increase your LP size.

3

Borrow Ratio

Determine the combination of tokens you want to have your borrow in. using SOL/USDC as an example, you may choose to borrow strictly Solana or USDC. You might even consider borrowing both tokens at a different weight.

NOTE: You will be greeted with a "Directional Bias" icon that will act as an indicator to your position. This icon will help users understand if their position is "Short" , "Long" or "Delta Neutral" on the USDC token. In the future we will be introducing a calculator for users to be able to easily set up their bias to their liking.

Once you've set up your position you can see your final Position Size and its weight in the relevant tokens. If you're happy with the setup you may proceed by pressing on "Create Position". You will be met with a final confirmation page which you have to confirm in order to open a position.

https://defituna.com/trade