Opening a Position

Opening a Position on Beracana Allows You to Borrow Assets and Leverage them for Higher Returns:

  1. Deposit Collateral: Start by depositing your initial collateral (BERA/wBERA, NECT).

  2. Select Borrowing Amount: Based on your collateral, choose the amount you want to borrow by setting your leverage. You can set a maximum of 5x for BERA/wBERA and 7x for NECT vaults.

  3. Leverage for Yield: You can now leverage the borrowed assets into yield farming pools like Infrared Finance, Beraswap, Beradrome, or Rootsfi.

  4. Monitor Your Health Factor: Keep an eye on your health factor to avoid liquidation.

Leverage up to 5x your BERA/wBERA deposit and 7x your NECT deposit to maximize your BGT farming returns, but be cautious about over-leveraging.

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