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Manage Multiply

Multiply positions appear alongside Borrow positions under Portfolio > Positions. Monitor them more closely than unleveraged positions because price, rate, liquidity, and swap execution changes have a larger effect on equity.

What to monitor

  • Health score and liquidation price: keep a buffer above liquidation.
  • Net rate or ROE: app estimates can change after rates, rewards, or utilization change.
  • Collateral and debt prices: adverse moves can reduce equity quickly.
  • Borrow and withdrawal liquidity: low liquidity can affect opening, changing, or closing a position.
  • Swap execution: entry, increase, repay, and close actions may depend on routing, price impact, and slippage.

Transaction summary

Figure 1: Transaction summary in the Multiply form

Figure 1: Transaction summary in the Multiply form

Before signing, review expected amounts, route, price impact, slippage tolerance, gas estimate, token approvals, and resulting position health.

Slippage is the allowed difference between quote and execution. If execution moves beyond the tolerance, the transaction reverts.

Price impact is the effect your trade size has on execution price. Larger swaps can receive worse prices.

Leveraged price impact counts swap impact against margin rather than notional exposure. A small price impact on the full swap can be a larger percentage of your initial collateral.

Available actions

  • Multiply: increase exposure by borrowing, swapping, and adding collateral.
  • Repay: reduce debt or unwind part of the loop.
  • Supply collateral: add more collateral directly to the position.
  • Withdraw collateral: remove excess collateral if the position remains valid.

Management actions can involve multiple protocol and swap steps. Review Portfolio and liquidation, Strategy profitability, and Managing positions before using or changing a Multiply position.