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Interface Guide

The Maglev interface provides real-time data visualization and interactive controls for pool management:

  • Concentration Sliders (X & Y): Control how concentrated your liquidity is around the current price range. Higher values (e.g., 99.9%) create concentrated liquidity ranges (Uniswap v3-like), while lower values mimic constant-sum pools.
  • Fee Slider: Adjust swap fees (from 0.001% to 3%).
  • Price Bar: Shows price ranges with a red-to-white gradient, a blue “Current Price” indicator, and a green “Price at Equilibrium” marker.
  • LTV Slider: Used to set the LTV of an asset in order to derive the maximum borrowing capacity.
  • NAV: Net Asset Value represents your net worth, calculated as assets minus liabilities. In the context of EulerSwap, this includes assets deposited (such as USDC collateral in lending vaults) minus any borrowed assets (such as WETH debt). The NAV midpoint corresponds to the equilibrium price on the curve—the price at which the account is neither directionally long nor short, maintaining the closest position to being delta-neutral.
  • Looping Strategy: USDC Looped means you borrowed another asset (e.g., USDT or WETH) against your USDC collateral and used that borrowed asset to rebuy USDC. Alternatively, it could mean you borrowed ETH against your USDC collateral and sold it to rebuy USDC, creating a leveraged short position. Looping is crucial in EulerSwap because it is how liquidity is made available to traders, enabling leveraged market-making and dynamic hedging.
  • Debt Indicators: WETH Debt shows what is currently borrowed in WETH terms (debt can be in Volatile or Stable assets). This metric helps operators understand their borrowing exposure and manage liquidation risks.