👓User Interface Introduction

If you are new to NX Finance, please make sure you are going to our official website: https://nxfinance.io/leverage/JLP

1. Asset to Collateral: You can deposit different collaterals, which will not be swapped to JLP.

2. Asset to Borrow: We will swap the borrowed asset to JLP. Tip: Borrowing SOL means you are shorting SOL and longing JLP, which acts as a hedge strategy.

3. Borrow APR: This is the current borrow APR, which varies according to the utilization rate.

4. APR: The base APR reflects the average 4-week JLP APY to showcase a long-term yield leverage reward for users.

How to Calculate the APY:

Example 1: Using JLP as Collateral

Assume a 3X leverage; JLP base APY is 70%; Borrow rate is 20%.

Formula: $70+(3-1)\times(70-20)$ = 170%

Example 2: Using Other Assets as Collateral

Only consider the leverage yield minus the borrow yield (APY will be lower than using JLP as collateral).

Formula: $Leverage Yield - Borrow Yield$

Example of Calculation: Deposit JupSOL

1. Health Factor: The health factor determines when liquidation will occur if you borrow stablecoins with the assumption of 0 interest rate.

Liquidation Threshold: The following graph illustrates the correlation between leverage multiple and JLP drop required for liquidation (Assume you depsoit JLP as collateral and borrow USDC/USDT and without any borrowing interest rate)

Leverage Multiple	JLP Drop
2X	50%
3X	33%
4x	25%
5X	20%

1. Airdrop Reminder: You MUST create/join a team to join Point Nadventure. Otherwise, no point will be calculated no matter how much you have deposited.