CRCL Multiply

Multiply holds more CRCL than you deposit. You put in CRCL; in one transaction USDG is borrowed against it, swapped for more CRCL at the fairest venue, and deposited too. At 1.42× you hold 1.42 times what you put in and owe USDG for the difference.

Gains and losses both scale by the same multiple. Deposit $1,000 at 1.42×: you hold $1,420 of CRCL and owe $420 of USDG.

At the full 1.42×, a 26.1% fall in CRCL from where you opened takes the loan to the proposed 40% liquidation LTV and part of the position is sold to repay it. Figures ignore interest and swap costs.

1. You choose how much CRCL to deposit and the leverage, up to 1.42×.
2. One transaction borrows USDG, buys CRCL at the fairest quote, deposits everything and borrows against it. If any step fails, none of it happens.
3. Closing runs in reverse: the debt is repaid, the CRCL is withdrawn, enough is sold to cover the loan and the rest returns to you.

• Losses grow by the same multiple as gains. A fall past the liquidation point sells part of the position at a penalty.
• When the borrow rate is above what CRCL earns, the position costs money to hold.
• Stock Tokens can be paused by their issuer and follow US market hours. This page is not investment advice.