# User Interface Introduction

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

<figure><img src="/files/nfjoNigYlAP81ocJol2l" alt=""><figcaption></figcaption></figure>

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. \
   \&#xNAN;*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.

{% hint style="warning" %}
**How to Calculate the APY:**

**Example 1: Using JLP as Collateral**

Assume a 3X leverage; JLP base APY is 70%; Borrow rate is 20%.&#x20;

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).<br>

Formula:  $$Leverage Yield - Borrow Yield$$<br>

**Example of Calculation:** Deposit JupSOL<br>
{% endhint %}

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

{% hint style="warning" %}
**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)
{% endhint %}

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

**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.


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