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How it works

Fika simplifies leverage creation in DeFi through an intuitive interface. Here's a detailed breakdown of how the platform works:

Core Components

1. Position Creation

  • Asset Selection: Choose the asset you currently hold and want to leverage up (collateral)
  • Leverage Selection: Select your desired leverage (maximum leverage varies by collateral asset)
  • Pair Selection: Choose the pair long/short. Long is your collateral, and short is the debt. Your position will accrue directional gains if the long asset appreciates relative to the short asset (same as, the short asset depreciates relative to the long asset).

2. Position Management

My Positions: Positions are managed in real-time, and you can close a position by simply clicking anywhere in the position row.

All Positions: You can view all other users positions and their corresponding details.