> ## Documentation Index
> Fetch the complete documentation index at: https://docs.momentrates.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Leverage

> Give a little, get a lot of yield exposure for a window you choose. Prepaid, no liquidations.

Leverage lets you pay a little now and get a lot of yield exposure, but only inside a window you choose.

**Why use it:** you think yields will be high for a while, for example during a boosted-rate campaign or a stretch of high borrowing demand. Leverage gives you a lot of that yield, for just those weeks.

![Leverage with Moment: 100 paid from Now to infinity in red, and a tall green block of exposure from Now to Nov 2](https://mintcdn.com/moment-0fa29e7e/5c4BULtyWxFid-gy/images/leverage.webp?fit=max\&auto=format\&n=5c4BULtyWxFid-gy\&q=85\&s=d80742de9e46ba1cc4488f2ec309edcd)

Red is what you pay, from Now to ∞. Green is the exposure you get, only inside your window.

## The idea

Holding the coin gives you its yield, 1× on every day. Leverage moves that around:

* You **pay** a flat amount from Now to ∞.
* You **get** a much bigger amount, but only from **Start** to **Until**.

If the vault earns more than the rate you paid (5.35% a year here) during your window, you profit. If it earns less, you lose some or all of what you paid.

> [!WARNING]
>
> **The exposure is not money you can withdraw.** In the example, your line shows about 19,593 more until Nov 2. That amount only earns yield for you, then it ends. What you can withdraw at face value is the lowest point of your line from Now on.

## Paying with Moment or Tokens

| Pay with | What the chart shows |
| - | - |
| **Moment** (your TimeBalance) | Red: the amount you pay, from Now to ∞. Green: your exposure inside the window. |
| **Tokens** (for example sUSDS) | No red. The tokens leave your wallet ("Converted to … Now"), and only the green appears. |

Example with Moment: pay **100 USDS**, Until Nov 2. The pills read +0.02 (synced yield), −100.00 (you pay), +19,592.66 (your exposure).

![Leverage after the trade: the TimeBalance is much higher until Nov 2 and a little lower after, with the old level dashed](https://mintcdn.com/moment-0fa29e7e/5c4BULtyWxFid-gy/images/leverage-after.webp?fit=max\&auto=format\&n=5c4BULtyWxFid-gy\&q=85\&s=802518964bfaa79bde1a7791f54f461f)

After the trade: a lot more until Nov 2, a little less after.

![Leverage paid with sUSDS: the shares leave the wallet, no red on the TimeBalance, green exposure only from Now to Nov 2](https://mintcdn.com/moment-0fa29e7e/5c4BULtyWxFid-gy/images/leverage-shares.webp?fit=max\&auto=format\&n=5c4BULtyWxFid-gy\&q=85\&s=a9375f72ddfc04b0d289721ef8a18651)

Paying with sUSDS: no red. Your line keeps everything and gains a lot, but only until Nov 2.

![Leverage with sUSDS after the trade: the TimeBalance is much higher until Nov 2 and unchanged after](https://mintcdn.com/moment-0fa29e7e/5c4BULtyWxFid-gy/images/leverage-shares-after.webp?fit=max\&auto=format\&n=5c4BULtyWxFid-gy\&q=85\&s=cfa4a09cfca9d426d8e5d2343a4eefd3)

After the trade: until Nov 2, your line holds a lot more.

## Steps in the form

1. Open a market and pick the **Leverage** tab.
2. Pick **Moment** or **Tokens**, and enter what you pay. Tap 25 / 50 / 75 / Max if you like.
3. In **You get exposure to**, pick the end date, for example **Until Nov 2 · 35 days**. The multiplier shows next to it, for example **195.9×**.
4. The box below shows your exposure, for example **≈ 19,592.66 USDS**.
5. **Review** → **Confirm**, then sign in your wallet.

There is no limit switch on Leverage. To lever at your own rate, place a [Limit bid](https://docs.momentrates.xyz/use-the-app/limit-bid.md).

## Choosing the window on the chart

The window has two handles on the chart:

* **‹ Until … ›**: where the window ends. You can also pick it in the form.
* **‹ Start … ›**: where it begins. It starts at **Now**. Drag it, or use its arrows, to start later.

## Details

Tap the badge (for example **195.9× LEVERAGE**) to open **Details**:

| Row | Example |
| - | - |
| **You pay** · Now | 100.0000 USDS |
| **Leverage** rate | −5.35% APR until Nov 2 |
| **You receive** · Now → Nov 2 | 19,592.6569 USDS |
| **Min. received** | 19,494.6936 USDS · 0.5% slippage |
| **Deadline** | 10 min |
| **Network fee** | \$0.04 |

Details also states the **break-even** ("yield must average above 5.35%") and the **most you can lose** (what you paid).

## Leverage or just hold?

Leverage is **prepaid**. There is no margin, no funding payment and no liquidation. Nothing can close it for you.

You pay 100 and get the yield of about 19,593 until Nov 2 (35 days). Compare that with keeping the 100:

| The vault averages | Just hold 100: you have | Leverage: yield you get | Leverage vs holding |
| - | - | - | - |
| 0% | 100.00 | 0 | **−100.00** |
| 4% | 100.38 | 75.15 | **−25.23** |
| **5.35%** (break-even) | 100.51 | 100.51 | 0 |
| 6% | 100.58 | 112.72 | **+12.14** |
| 8% | 100.77 | 150.30 | **+49.53** |
| 10% | 100.96 | 187.87 | **+86.91** |

Every 1% the vault averages above 5.35% adds about 18.7 (19,493 × 1% × 35 ÷ 365; the other 100 is your own coin, which earns the same either way). Every 1% below takes about 18.7 away, down to −100 at most. "The vault averages" means the yield you actually get, after Moment's 5% performance fee. It is measured from the vault itself; there is no outside price feed.

> [!WARNING]
>
> **After a drop, a window can earn 0.** If the vault's price falls, yield only counts again once the price is back above the market's previous high. A window that falls in that time earns nothing.

Any vault extras, such as points, belong to whoever holds the position. Like yield, they are subject to Moment's 5% performance fee; points are tracked off-chain, so the fee is taken off-chain when they are distributed.

> [!CAUTION]
>
> Leverage can lose everything you pay for it. Only pay what you are fine losing.

## Starting later

Drag **Start** to a later date and the exposure begins there. You still pay from Now. Until Start, your payment grows at a fixed rate ("The fixed part grows your payment until …" in Details), so the window costs less.

![Leverage with a later Start: 100 paid from Now to infinity in red, green exposure only from Oct 17 to Dec 2](https://mintcdn.com/moment-0fa29e7e/5c4BULtyWxFid-gy/images/forward-start.webp?fit=max\&auto=format\&n=5c4BULtyWxFid-gy\&q=85\&s=9f81064a742765b19afb206ac5cd72be)

A later Start: you pay from Now, the green begins at Start.

## Closing early

You can close any time with [Close](https://docs.momentrates.xyz/use-the-app/close.md). It is priced at the market rates of that moment.

See also [Risks and security](https://docs.momentrates.xyz/good-to-know/risks-and-security.md).


## Related topics

- [Strategy maths](https://docs.momentrates.xyz/for-builders/strategy-maths.md)
- [What is Moment?](https://docs.momentrates.xyz/start/what-is-moment.md)
- [Risks and security](https://docs.momentrates.xyz/good-to-know/risks-and-security.md)
- [For traders](https://docs.momentrates.xyz/background/for-traders.md)
- [Fees](https://docs.momentrates.xyz/good-to-know/fees.md)


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