cattle.
Base trial · Manage positions with your external wallet.

Your side of the pasture

Explore your strategy.

Follow one example from funding to optional borrowing. No wallet is needed.

Compare the two sides

Build your example

WETH / USDC · Base example
1. Choose a strategy
2. Set your collateral
WETH
USDC

These amounts are example inputs. Opening a position requires a supported starting asset mix.

3. Set the strategy’s terms
USDC

USDC per WETH · example reference price

00:00 UTC on this date

4. Borrow after funding · optional

Funding starts with no debt. You can then borrow against the supplied assets in a separate transaction.

USDC

Used to value your collateral and debt. This is separate from the strike.

Tutorial assumptions

Your inputs use an illustrative 75% borrowing LTV and 80% liquidation threshold for both assets. USDC is valued at 1 USD. Borrowed assets leave the position; supplied balances stay unchanged. Rates, fees, trade checks and current Aave settings are not included.

Preview only. Nothing is deposited or borrowed.

Not sure which side fits? Compare the bullish and range-bound strategies.

One last look.

Example only · no transaction

How this example works

This saves your inputs only. Opening a position requires a funding quote, additional strategy settings and transaction checks.

Meet the moving parts.

Choose your market view. Then understand the collateral and debt.

  1. Start with your view.Long call is for a bullish view: it buys WETH as price rises and sells as it falls. Covered short is for a range-bound view: it buys WETH as price falls and sells as it rises, seeking a rebalancing spread.
  2. Deploy, then fund.The position supplies your assets to Aave. Funding starts the strategy; it does not create debt.
  3. Review the first rebalance.Check the funded holdings, account and first trade before deciding how much to borrow.
  4. Consider borrowing separately.Borrowing depends on Aave reserve settings and available collateral. The owner manages the debt. Interest and liquidation risk apply, and debt can block trades.
  5. Repay or plan the next position.Repayment reduces debt. Rolling moves holdings and debt to a reviewed destination; starting its strategy is a separate step.

The short’s target spread is intended to cover option premium over time. The long has no spread target. Neither has a separate option-premium payment at entry or an exact option payoff.