User Guides
Last updated
Last updated
To be able to use Lucidity’s offerings, the user needs to connect their ERC-20 wallet and create a Lucidity Safe.
Go to the Lucidity App (currently available only to waitlist subscribers) on the Ethereum mainnet.
Click on the “Connect Wallet” button present on the right top. You can connect to either MetaMask or WalletConnect.
Click on the “Create Safe” button to start creating your safe.
You will be shown a dialogue box. Click on “Create Wallet” and proceed. You will be shown a metamask notification to confirm the transaction.
Once you click on “Confirm” in the Metamask dialogue box, your safe will be created and you will be shown a successful message.
Once you click on the “Close” button, you will be redirected to the home screen from where you can perform further steps.
Click on the “Import” button, present under the “Lucidity Safe” dropdown box to import your existing DeFi positions to Lucidity.
In the “Import Positions” dialogue box, select the protocols from which you wish to import. You will then see the list of open positions in the selected protocol(s). Select your positions and click on “Import Positions”.
If you wish to import multiple positions, then each position will have to be imported separately. A batched transaction will be initiated for each import action.
The import functionality works by closing the selected position in your EOA wallet and opening an identical position in your Lucidity Safe account - using flashloan.
The following position categories are not yet supported for import:
If flashloan is not available for debt asset from underlying flashloan provider(s)
Aave v3 Cross E-Mode: If the user holds an E-mode position in Aave v3
Aave v3 Isolation mode: Import can’t be done if the user has borrowed against a collateral asset in isolation mode on Aave v3
Aave v2/v3 Stable interest loan: import can’t be processed if the assets are borrowed under stable mode
