Leverage
Using leverage carries risks. It is possible to lose all of your collateral. Please trade with caution and understand potential risks before trading with leverage.
Leveraged Positions (Looping):
Advanced Feature: Users can borrow S against their EGGS, use the borrowed S to mint or buy more EGGS, and repeat this process; i.e., looping.
UI Support: A user friendly interface on the Eggs Finance website facilitates looping in one transaction, making it quick and simple to open and unwind leveraged positions.
Fee Discount: The EGGS minting fee is discounted from 2.5% to 1% when opening leveraged positions.
Liquidation: If a leverage position defaults, then the EGGS collateral is burned, causing the ratio of S per EGGS to increase. EGGS collateral from liquidated positions are burned collectively, every day, at 00:00 UTC.
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