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Ethelia
@Etheliaeth
DeFi Research Market Structure • Capital Efficiency • Onchain Credit NFA/DYOR
参加 March 2025
7.5K フォロー中    10.8K ファン
A Simpler Workflow for fxSAVE Looping @nine_summits’ 9Swap gives @protocol_fx’s fxSAVE holders an integrated way to open or increase leveraged positions on @Morpho Ethereum market. Users choose their USDC amount and target leverage. The engine builds the main loop as one bundled transaction: ▸ Flash-borrow USDC and convert it into fxSAVE ▸ Supply fxSAVE as collateral and borrow USDC ▸ Repay the flash loan using that borrowing and the user’s capital The improvement goes beyond bundling. For entry into fxSAVE, 9Swap compares direct USDC deposits with a route through fxUSD. It considers conversion output and additional gas before selecting the path. The Loop tab (Beta) also previews the planned position. Collateral, debt, leverage, LTV and health factor appear as Now ➟ After. For an existing position, the selected leverage targets the whole position after the operation. This brings route selection, position planning and execution into one workflow. Holders can inspect how additional exposure changes their debt and collateral before proceeding. First-time use may still require separate USDC approval and Morpho authorization. The workflow does not automatically maintain leverage or remove liquidation risk. For f(x), the contribution is practical: fxSAVE’s savings and collateral functions become accessible through a tool that handles the execution steps and makes the planned position visible.
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