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Discovery

Lucidity's optimal leverage discovery is enabled through Lucidity’s flagship discovery engine, which currently runs on real-time data to score various markets in accordance with a user's risk preferences.

For discovering, comparing, and evaluating various leverage sources, follow these steps:

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Lenders

  • On the "Markets" tab, you will have two sections, “Lend” and “Borrow” from where you can start your leverage journey.

  • Under “Lend”, in the “Supply Asset” section, click on the dropdown button to select the asset that you want to lend.

  • In the “Optimise for” section, choose which parameters you wish to optimize in your position. You have to select at least one parameter. For lenders, there are two toggles:

    • Supply APY: APY offered on the supplied capital

    • Supplied Liquidity: The total supplied liquidity in a protocol for the selected asset

    • Read more to understand how these toggles affect the scoring.

  • Next, select your “Risk Rating” based on your appetite. This is a TVL-based filter on the markets that Lucidity will list and score for you:

    • Safe: Protocols with TVL > $100M

    • Intermediate: Protocols with TVL > $10M

    • Degen: All available markets for the selected asset

  • Now, click on “Optimise” to proceed further and to open your “Lend” position.

  • You will be shown a list of available markets where you can select markets where you wish to lend your asset. You may select one or more than one markets.

  • You can compare parameters and decide which market(s) you wish to deploy your assets on.

  • The score given by the discovery engine is not an independent measure of risk, but a relative score per the optimise toggle you chose.

  • Once you have a decision, check out how to originate new positions here.

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Borrowers

  • To navigate the available markets, go to the “Borrow” tab, you will be shown two options:

    • Use Existing Supplies

    • Create new positions

  • Select "Create new positions". Borrower's discovery journey is very similar to that of a lender, with some additional considerations:

  • Select the collateral asset you wish to supply, and the debt asset you wish to borrow, and enter the amount to borrow.

  • Under the optimize for section, click the parameters you wish to optimize for. Available toggles:

    • Net APY: Supply APY + (LTV * Borrow APY)

    • Available Liquidity: Asset liquidity available to borrow

    • Loan-to-Value (LTV): Max debt-to-collateral ratio allowed for the selected collateral

    • Liquidation Threshold: Debt-to-collateral ratio at which the position will become eligible for liquidation

    • Read more to understand how these toggles affect the scoring.

  • Click Optimise to see the list of available markets for the chosen asset pair, with associated scoring. Learn more about how the scoring works here.

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The score is calculated based on real-time data and may not always agree with a user's personal preferences. The user is always suggested to do her research before deploying capital into any protocol.

  • Select the market(s) you wish to open the position(s) on. If you select more than one market, all positions will be opened up parallelly for you - in a single batched transaction.

  • Once you've decided which market(s) to deploy to, go through the origination steps.

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