Opening a Position
Opening a Position on Beracana Allows You to Borrow Assets and Leverage them for Higher Returns:
Deposit Collateral: Start by depositing your initial collateral (e.g., HONEY or BGT).
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.
Leverage for Yield: You can now leverage the borrowed assets into yield farming pools like BEX, Beradrome, Infrared Finance, or BERPS.
Monitor Your Health Factor: Keep an eye on your health factor to avoid liquidation.
Leverage up to 5x your deposit and maximize your BGT farming returns, but be cautious about over-leveraging.
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