Using a Credit Account
A Credit Account on Mars Protocol lets you deposit collateral and borrow or trade on margin with leverage. This tutorial will walk you through creating your first Credit Account.
Last updated
A Credit Account on Mars Protocol lets you deposit collateral and borrow or trade on margin with leverage. This tutorial will walk you through creating your first Credit Account.
Last updated
Introduction
In order to interact with Mars Protocol V2 and access all features (see ) you must first create a Credit Account.
If you don’t yet have a Credit Account, you’ll be taken straight to the Create and Fund a Credit Account page:
Optionally connect an EVM wallet to deposit USDC from an Ethereum or L2 chain
Select your collateral assets
Click Select Assets + to open the asset selector.
Choose deposit amounts and click Fund Account.
After confirming the on-chain transaction, you’ll be redirected back to the app and see your new Credit Account in the navbar:
To open more than one Credit Account:
Click the Credit Account dropdown in the navbar.
Once you have one or more Credit Accounts, you can Fund, Withdraw, or Delete any of them from the same navbar dropdown:
Open the Credit Account dropdown and click Fund.
In the Fund Credit Account modal, select assets and amounts (same flow as initial funding) and click Fund Account.
From the Credit Account dropdown, click Withdraw.
Open the Credit Account dropdown and click Delete.
If you have outstanding debt or open Perps positions, you’ll first see a Repay Debts prompt:
Once clear, you’ll see your remaining assets summary, click Delete Account to withdraw them back to your wallet and close the account:
Whitelisted collateral appears at the top and non-whitelisted assets appear below (see the page).
Click Create + and you will be forwarded to the page.
In the Withdraw modal, choose asset and amount (use slider or MAX) and then click Withdraw .
