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A Margin Account is your personal smart contract on Stellar. You deposit collateral into it, borrow assets against that collateral, and deploy those assets into trading or farming strategies - all while Vanna’s risk engine monitors your position health continuously.
Borrowing carries liquidation risk. If your Health Factor drops to 1.1×, your position can be liquidated - a liquidator closes your account and claims a fee from your collateral. Only borrow what you are prepared to lose.

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What you can do

Open Account

Create your Margin Account on-chain.

Deposit Collateral

Move assets from your wallet into your Margin Account.

Borrow

Borrow assets against your deposited collateral.

Repay

Pay down your outstanding debt.

Transfer Collateral

Move assets between your wallet and Margin Account.

Health Factor

Understand how your position health is tracked.

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How it works

You deposit collateral (XLM or USDC) into your Margin Account and borrow assets against it. Borrowed assets stay inside your Margin Account - they cannot be sent directly to your wallet, but you can deploy them into Farm or Trade from within the account. Your Health Factor - total collateral value divided by total debt value - must stay above 1.1x at all times. If it drops to 1.1x, your account becomes eligible for liquidation. You can have one active Margin Account at a time. Closing an account and opening a new one reuses the same on-chain contract.

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Before you start

  • Wallet connected - see Connect Wallet if you haven’t done this yet.
  • Assets in your wallet - you need collateral (XLM or USDC) ready before you can borrow.

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Key metrics

Once your Margin Account is active, the Margin tab shows a metrics bar with three values.
MetricWhat it means
Health FactorTotal collateral value divided by total debt value. Must stay above 1.1x to avoid liquidation.
Net Available CollateralYour net equity in the account - total collateral value minus what you owe.
Collateral Left Before LiquidationHow much your collateral value can drop before your Health Factor reaches 1.1x and the account becomes eligible for liquidation.