Spot margin trading for long-tail assets on Solana

The trade screen is where everything happens. A trader picks a base and quote token, watches the live candlestick chart, and dials in leverage — the panel shows the current multiplier against the maximum the pool will allow, so there's no guessing how far the position can stretch. Under the hood, opening a long triggers the Lavarage smart contracts to borrow from a lender's liquidity pool and execute the spot purchase; the bought tokens are locked in the contract as collateral until the position closes.

Before anything is signed, the loan summary spells out exactly what's being borrowed and what it costs. The recording here walks the full open flow — set the pair, set the leverage, review the summary, confirm — so a first-time trader can see the whole path.

Because Lavarage is permissionless, not every pair always has a lender behind it. When no offer exists for a token-and-collateral combination, the panel says so plainly and nudges the trader toward a quote token that does have liquidity, rather than failing silently at signing time.

Once a long is open, it lands in the Positions tab with the numbers that actually matter for a leveraged trade: current LTV against the liquidation threshold, entry price versus current price, the liquidation price itself, and interest accruing daily on the borrowed amount. Each position is isolated, so its collateral and its risk stand alone — one trade going against the market can't drag the rest down with it.

Expanding a row surfaces the full breakdown — open date, margin posted, position size and multiplier, and live PnL. The goal was to make the moment of decision obvious: a trader glancing at a position should immediately know how close it is to liquidation and what closing it now would return.

Closing a position is really a sell plus a loan settlement, and the close modal treats it that way. It lays out the loan balance — principal borrowed, interest accrued, and total owing — then lets the trader sell 25, 50, 75, or 100% of the position. The payout math resolves in front of them: sale proceeds, minus the outstanding loan, minus the protocol fee, equals what actually lands back in their wallet.

The recording follows the full sell flow, including the partial-sell selector, so it's clear that a trader can take profit or cut risk incrementally without unwinding the whole position at once.

Every leveraged long is funded by someone's capital, and the Stake tab is where that capital comes from. Liquidity providers stake SOL into a vault — here, the Lava SOL Meme Liquidity pool — and receive lstSOL in return, earning a historical APY driven by the interest traders pay to borrow.

The vault UI is honest about capacity: when a pool is full or overfilled, it stops taking deposits and offers a waiting list instead of quietly diluting existing stakers. It's a small detail, but it's the seam that connects the trader and lender sides of the protocol into one working market.