Step 2: Select the Mars Fields tab from the Home Page
Step 3: Select a Strategy
Mars will launch with the following leveraged yield farming strategies:
Step 4: Deposit Tokens
Let’s break down the LUNA-UST strategy as an example.
Users can deposit LUNA and borrow up to 100% of the value of their LUNA in UST. This works out to a 50% Loan-to-Value (LTV) ratio. The Fields contracts will then deposit LUNA and UST on Astroport in exchange for LUNA-UST LP tokens. These LP tokens will subsequently be staked on Astroport to earn rewards.
The Fields contracts will automatically harvest these rewards multiple times per day and re-deposit them into your leveraged yield farming position.
Keep in mind that when using the LUNA-UST strategy, you’re borrowing (or shorting) UST. That means you’re going long LUNA. Put another way, you’re positively impacted by rising LUNA prices and negatively impacted by falling LUNA prices.
Step 5: Confirm Transaction
Users will have access to a dynamic dashboard that displays key information such as your position, APY, leverage amount, LTV, liquidation price, and more. Once you're satisfied with your position, select "Farm" and sign the transaction using your Terra Station wallet.
Learn more about Leveraged Yield Farming in the Fields of Mars: