Guide: High-Leverage-Strategies (HLS) Farm

HLS Farm is live on Mars v2!

You can provide collateral in the form of ATOM  and/or dATOM to enter the first available HLS Farm market: ATOM-dATOM LP

This guide will walk you through the process of participating in Mars v2 HLS Farming, from providing collateral to selecting the appropriate leverage for your strategy.

Before You Begin

You’ll need a wallet compatible with the Neutron blockchain, such as Keplr or Cosmostation. Make sure you have ATOM and/or dATOM tokens, along with enough NTRN or any other whitelisted gas token (e.g., USDC, ATOM) in your wallet to deposit into the HLS Credit Account and cover transaction fees. There are several ways to acquire these tokens:

Acquiring LST via Drop: You can liquid stake your ATOM for dATOM here.

Swapping on Mars: Mars Protocol offers a built-in swap functionality. You can swap other supported assets for ATOM and/or dATOM directly within the Mars interface.

Swapping on Astroport: Astroport is a decentralized exchange built on Cosmos. You can swap other supported assets for ATOM and/or dATOM here.

Step-by-Step Guide

Navigate to Mars v2: Visit the dApp: https://neutron.marsprotocol.io/hls-farm

Connect your Wallet: Click on the "Connect Wallet" button and select your compatible wallet (e.g., Keplr or Cosmostation) from the list. Follow the on-screen instructions to grant Mars Protocol access to your wallet.
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Go to the "High Leverage" Tab: Once connected, navigate to the ‘High Leverage’ tab located on the top menu. Make sure you’re on the Farm sub-tab.
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Select and Enter the HLS Farm Market: In the Farm section, find the desired HLS market. Currently, Mars offers one available HLS Farm strategy: the ATOM-dATOM LP. Click on the ‘Deposit’ button associated with the HLS market.
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Provide Collateral: A window will appear prompting you to enter the amount of ATOM and/or dATOM you wish to deposit as collateral. Enter the desired amount of tokens (Custom Ratio available) and click ‘Continue’.

Note: At the top of the screen, you’ll see the current Droplet multiplier (5x) for this strategy, along with a projection of your daily Droplet earnings.
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Leverage it up: Boost your earning potential by leveraging your initial deposit up to 7x, borrowing additional funds in the form of ATOM, which will be automatically swapped to dATOM. During this process, a slippage mechanism will show any potential losses to ensure transparency and allow users to monitor the swap effectively.
Choose the leverage level that matches your risk tolerance and click ‘Deposit’ to move forward.
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Create or Reuse a HLS Credit Account: Depositing into a HLS strategy mandates the creation of a HLS credit account. Click ‘Approve Transaction’ to mint a Credit Account.
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Select HLS Credit Account: Select a created HLS Credit Account and proceed by clicking ‘Continue’.

• A minted HLS account can only have a single position tied to it, in order to limit risk.
• To fund your HLS position, funds will have to come directly from your wallet.
• If you exited a position from a minted account, this account can be reused.
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Review and Deposit: Carefully review the details in the summary, including the amount of each token and the estimated net APY (Annual Percentage Yield) you will earn on your deposit. Once satisfied, click ‘Deposit’ to finalize the process.
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Approve Transaction: Your wallet will prompt you to approve the transaction. Review the fees associated with the transaction and confirm if you agree to proceed.

Congratulations! You have successfully created a HLS Farm position on Mars v2. Your deposited LP tokens will start generating yield automatically.
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‍Additional Notes

You can deposit more, repay, withdraw or close your position at any time by clicking the "Manage" button.
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Disclaimer: This guide is for informational purposes only and should not be considered financial advice. Please conduct your own research before participating in any DeFi activities.

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