Multiply on Jupiter Lend lets you increase your exposure by automatically borrowing and reinvesting in a single action, creating a leveraged position with one click.
This guide walks you through the steps to open a new Multiply position from the Multiply page.
Position creation flow
Creating a Multiply position happens in two steps, each confirmed by a separate transaction:
1. Deposit collateral and create the position
2. Choose your leverage and execute Multiply
Note: If a position already exists for the selected vault pair, Jupiter Lend can reuse it, so creating a new position is not always required.
Step 1: Choose a vault pair
- Go to the Multiply tab and connect your wallet if needed.
- Choose the pair you want to use from the list of available vault pairs
- Click "Multiply" to open the setup screen.
Step 2: Deposit collateral and create the position
To open a Multiply position, an initial deposit is required.
- Enter the amount you want to Supply as collateral
- Click Create Position.
- Confirm the transaction in your wallet.
Once this step done, you are redirected to the position management page.
Step 3: Choose the leverage and Multiply
From here, you’ll be able to:
- Use the leverage slider to set your target multiplier.
- Review the updated Projected Position panel (collateral & debt, Health Status ) to confirm the outcome.
- Click Multiply.
- Confirm the transaction in your wallet.
Once confirmed, your leveraged position is active.
Position NFT
When the position is created, a Position NFT is minted to your wallet. This NFT represents ownership of the position and is used to identify it in the interface.
When a position is fully closed, the NFT remains in your wallet (it is not burned) and can be reused if you later open a new position in the same vault pair.
Note: Do not burn this NFT, or you will no longer be able to interact with your position.
Collateral returned when opening a Multiply position
When opening a Multiply position, a small portion of your initial collateral is automatically returned to your wallet right after you confirm the transaction. This happens because the protocol only locks the amount of collateral actually needed to reach your target leverage, the small excess is released back to you.
When you later Unwind the position, you may notice you receive slightly less collateral than what you originally deposited. This difference is minor, part of it comes from the small amount returned upfront, and the rest can be due to slippage, price impact, or interest accrued over time.
Position health and risk awareness
Before confirming your Multiply transaction, pay close attention to the Status percentage shown on the position page. The Status indicates how close your current LTV is to the liquidation threshold.
As this percentage increases, the position gets closer to liquidation and carries higher risk.
- A lower Status means your position has more safety margin and can better absorb price movements.
- A higher Status means the position is closer to liquidation and more exposed to risk.
Higher leverage increases exposure, but it also pushes the Status closer to the liquidation threshold, making the position more sensitive to market volatility. Even small price changes can significantly impact your position.
In addition, changes in yield can also affect your position over time, potentially increasing your LTV and pushing the Status closer to the liquidation threshold, even if asset prices remain stable.
Managing your Position
Once your Multiply position is open, it should be monitored and managed carefully to avoid liquidation risk:
• Adjust leverage by unwinding if market conditions change.
• Add collateral to improve position safety.
• Reduce debt to lower overall risk.
Failing to manage a high-leverage position can result in partial or full liquidation if the liquidation threshold is reached.
To learn how to adjust, unwind, or close your position, refer to the Managing your Multiply Position guide.