How to leverage?
Follow this guide to leverage on MethLab.
INFO
You need to be on the Mantle Network and have some MNT for gas to use MethLab. To get MNT, you can bridge using Mantle Bridge or use the DEXs like MethLab Swap, Agni Finance and Merchant Moe. Refer ChainList to add Mantle Network or change your RPC in the wallet. To read more about Mantle Network, refer mantle.xyz.
(Setup) Use the DEXs/Bridge to get the collateral tokens.
Use these tokens as collateral to leverage on MethLab.
Use MNT to pay for gas on Mantle.
Step 1 - Choose your Playground and Navigate to Leverage Zone
Choose your playground: mETH Lab or MNT Station. Walk towards the Borrow Panel. Once you are close to the Borrow Zone, press
Eon your keyboard to interact with the Borrow Panel.mETH Lab is the land of Liquid Staked Ether by Mantle LSP. It lists $mETH, $USDY, and $USDT. MNT Station is home to Mantle L2's native asset MNT. It lists $MNT, $USDY, and $USDT.
Step 2 - Click on Leverage and enter Asset Amounts
Once on the Leverage Panel, select the asset you wish to Borrow. Enter the amount as needed. Choose the asset you're offering as Collateral. Ensure your wallet has the required amount of Collateral.
By default, you leverage the maximum Leverage Multiplier possible for each bucket. This means you will not receive any amount of borrowed asset(except for any excess depending on Slippage). You may be matched with multiple lenders to maximise liquidity and leverage multiplier.
Leverage involes swapping Borrow Asset for Collateral Asset on a DEX. Slippage is added to account for the price impact and fees of the swap. Learn more about Slippage.
Step 3- Choose the Bucket
Choose a Bucket. Each Bucket is made up of a) Duration b) APR. Duration is the term of the Loan which starts once your Intent is matched. Choose between various durations to match your strategy.
Each Bucket has it's own liquidity. The I-LTV metric indicates the proportion of current Borrow worth to the current value of your Collateral. Higher the I-LTV, the more you can leverage against the same collateral.
Step 4- Make the Transaction
Click on 'Connect Wallet' and choose your Wallet provider.
Click on LEVERAGE to publish your Intents and LEVERAGE. This will involve a) Approval to escrow the Collateral b) Creation of Loan Contract
Congratulations🎉! You have successfully Leveraged on MethLab🥳.