Navigate to the Nolus dApp. Once on the platform, connect your non-custodial wallet to gain access. After connecting, move to the Lease section and select "Lease New" to begin the process.
Opening a DeFi Lease Position
- Pick your down payment asset and enter the number of tokens.
- Select the asset you want to lease from the dropdown.
- Adjust the slider to set your leverage position size.
- Confirm the parameters and click “Open Position”.
- Approve the contract creation.
- 🎊 All set!
The opening process involves three main steps. First, a channel is initiated by creating an Interchain Account. Next, assets are moved, including the down payment and loan, to a preferred DEX like Osmosis. Lastly, assets are swapped on the DEX to attain the desired Lease asset. This sequence ensures a seamless transition from creating the Interchain Account to obtaining the Lease asset through asset transfers and exchanges on the chosen DEX. Once completed, your lease position is opened.
