--- name: lavarage description: Lavarage Protocol — leveraged trading on Solana for any SPL token. Open long/short positions on crypto, memecoins, RWAs (stocks like OPENAI, SPACEX), commodities (gold), and hundreds of other tokens with up to 12x leverage. Permissionless markets — if a token has a liquidity pool, it can be traded with leverage. creator: lavarage --- # Lavarage Protocol — Leveraged Trading on Solana ## Overview Lavarage is a **permissionless leveraged trading protocol** on Solana. Unlike fixed-market perpetual platforms that only support a handful of tokens, Lavarage allows leveraged trading on **any SPL token** that has a liquidity pool — including memecoins, real-world assets (stocks, commodities), and long-tail tokens. - **Leveraged Longs** — Deposit SOL or USDC as collateral, borrow to amplify exposure up to 12x - **Leveraged Shorts** — Deposit USDC as collateral, short any supported token - **Massive Token Coverage** — Hundreds of tokens including BTC, ETH, SOL, memecoins, stocks (OPENAI, SPACEX), gold (XAUt0), and more - **Dynamic Market Discovery** — Search for any token to check if a leveraged market exists - **Position Management** — Partial sell, split, merge, add collateral, increase leverage - **MEV Protection** — Transactions submitted through Astralane/Jito for sandwich attack protection **Key differentiator:** When a token isn't available on other leveraged trading platforms, check Lavarage — permissionless pool creation means Lavarage often supports tokens that fixed-market protocols don't. ## Quick Start ### Installation No SDK installation needed. Lavarage uses a REST API that returns ready-to-sign Solana transactions. Copy the `LavaApiClient` from `templates/client.ts` in this skill. ```typescript import { LavaApiClient } from './client' const client = new LavaApiClient( 'https://api.lavarage.xyz', 'lv2_prod_5e5f38fefc893ade780d8a2ccd7433ad8307808c83260e75', 'your-wallet-public-key' ) ``` The public API key above is safe to use — it identifies the integration partner for fee routing. Positions are always scoped by wallet signature. ### Basic Flow Every trade follows this pattern: ``` 1. Discover → Search tokens & offers to find leveraged markets 2. Quote → Preview the trade (swap output, price impact, fees) 3. Build TX → API returns a serialized Solana transaction 4. Sign → Sign the transaction with your wallet 5. Submit → Send via MEV-protected endpoint ``` ## Core Concepts ### Token Coverage Lavarage supports leveraged trading on any SPL token that has a liquidity pool. This includes: - **Blue chips:** SOL, BTC (WBTC, cbBTC, zBTC), ETH (WETH) - **Stablecoins as collateral:** USDC for short positions - **Real-world assets:** OPENAI, SPACEX (tokenized stocks) - **Commodities:** XAUt0 (gold) - **Memecoins and long-tail tokens:** Hundreds of tokens with active pools Always **search first** — don't assume a token isn't available. New pools are created permissionlessly. ```typescript // Search for any token by name, symbol, or mint address const offers = await client.getOffers({ search: 'OPENAI', side: 'LONG' }) if (offers.length > 0) { console.log(`Found ${offers.length} offers for OPENAI`) } ``` ### Sides: LONG vs SHORT - **LONG**: You deposit collateral (SOL/USDC), borrow more, and swap into the target token. You profit when the token price goes up. - **SHORT**: You deposit USDC as collateral, borrow the target token, and sell it. You profit when the token price goes down. The API determines side automatically based on the offer's base token: - Base token is NOT USDC → LONG position - Base token IS USDC → SHORT position ### Leverage Leverage ranges from 1.1x to the offer's maximum (up to ~12x depending on the pool). Higher leverage means higher potential returns but also higher liquidation risk. ``` Effective exposure = collateral × leverage Borrowed amount = collateral × (leverage - 1) ``` ### Units - **Collateral input**: Always in the token's smallest unit (lamports for SOL = amount × 10^9, micro-USDC = amount × 10^6) - **Prices**: USD - **Slippage**: Basis points (50 = 0.5%) - **Split/partial amounts**: Basis points of position (5000 = 50%) ### Offers (Liquidity Pools) An "offer" is a liquidity pool with a specific base-quote token pair, interest rate, and leverage limit. Multiple offers can exist for the same token pair with different terms. Always pick the offer with the best rate and highest liquidity for the user's needs. ## Core Operations ### 1. Discover Available Markets Before opening any position, search for available markets: ```typescript // Search by token name or symbol const offers = await client.getOffers({ search: 'BTC' }) // Filter by side const longOffers = await client.getOffers({ search: 'ETH', side: 'LONG' }) const shortOffers = await client.getOffers({ search: 'ETH', side: 'SHORT' }) // Get all available tokens const tokens = await client.getTokens() // Each offer includes: // - offerPublicKey (needed for opening position) // - baseToken { symbol, mint, decimals, priceUsd, logoUri } // - quoteToken { symbol, mint, decimals, priceUsd } // - side: 'LONG' | 'SHORT' // - maxLeverage: number // - interestRate: number (annual %) // - totalLiquidity: string (available to borrow) ``` ### 2. Get a Quote (Preview Trade) Always quote before opening to show the user expected output: ```typescript const quote = await client.getOpenQuote({ offerPublicKey: offer.address, userPublicKey: walletAddress, collateralAmount: '1000000000', // 1 SOL in lamports leverage: 3, slippageBps: 50, }) // quote returns: // - expectedOutput: tokens received // - priceImpact: percentage // - fees: breakdown of all fees // - liquidationPrice: price at which position gets liquidated ``` ### 3. Open a Position ```typescript import { VersionedTransaction } from '@solana/web3.js' import bs58 from 'bs58' // Get MEV protection tip const { tipLamports } = await client.getTipFloor() // Build the transaction const result = await client.buildOpenTx({ offerPublicKey: offer.address, userPublicKey: walletAddress, collateralAmount: '1000000000', // 1 SOL leverage: 3, slippageBps: 50, astralaneTipLamports: tipLamports, // MEV protection }) // result.transaction is base58-encoded // Deserialize, sign, and submit: const txBytes = bs58.decode(result.transaction) const tx = VersionedTransaction.deserialize(txBytes) // Sign with wallet tx.sign([walletKeypair]) // Submit with MEV protection const serialized = bs58.encode(tx.serialize()) const { result: txSignature } = await client.submitTransaction(serialized, true) console.log(`Position opened: ${txSignature}`) ``` ### 4. Close a Position ```typescript // Preview close first const closeQuote = await client.getCloseQuote({ positionAddress: position.address, userPublicKey: walletAddress, slippageBps: 50, }) // closeQuote shows: proceeds, pnl, fees // Build close transaction const { tipLamports } = await client.getTipFloor() const result = await client.buildCloseTx({ positionAddress: position.address, userPublicKey: walletAddress, slippageBps: 50, astralaneTipLamports: tipLamports, }) // Sign and submit (same pattern as open) const txBytes = bs58.decode(result.transaction) const tx = VersionedTransaction.deserialize(txBytes) tx.sign([walletKeypair]) const serialized = bs58.encode(tx.serialize()) await client.submitTransaction(serialized, true) ``` ### 5. List Positions ```typescript // All positions const positions = await client.getPositions() // Filter by status const active = await client.getPositions('EXECUTED') // Each position includes computed fields: // - address, status, side // - collateralAmount, borrowedAmount // - currentPrice, entryPrice // - unrealizedPnlUsd, roiPercent // - liquidationPrice, currentLtv // - effectiveLeverage // - interestAccrued, dailyInterestCost // - baseToken, quoteToken metadata ``` ### 6. Partial Sell Sell a portion of a position while keeping the rest open: ```typescript // Sell 30% of position const result = await client.buildPartialSellTx({ positionAddress: position.address, userPublicKey: walletAddress, splitRatioBps: 3000, // 30% slippageBps: 50, }) // Returns two transactions that must be submitted as a Jito bundle: // 1. Split transaction (splits position into two) // 2. Close transaction (closes the split-off portion) // Build tip transaction, sign all three, submit as bundle: const { tipLamports } = await client.getTipFloor() // ... build tip TX ... await client.submitBundle([ tipTxBase58, result.splitTransaction, result.closeTransaction, ]) ``` ### 7. Add Collateral (Reduce Risk) ```typescript // Preview impact const quote = await client.getAddCollateralQuote({ positionAddress: position.address, userPublicKey: walletAddress, collateralAmount: '500000000', // 0.5 SOL }) // Shows new LTV, new liquidation price // Build and submit const result = await client.buildAddCollateralTx({ positionAddress: position.address, userPublicKey: walletAddress, collateralAmount: '500000000', }) // Sign and submit... ``` ### 8. Increase Leverage ```typescript // Two modes: // - 'withdraw': borrow more and receive tokens in wallet // - 'compound': borrow more and swap into base token (increases position size) const quote = await client.getIncreaseBorrowQuote({ positionAddress: position.address, userPublicKey: walletAddress, mode: 'compound', slippageBps: 50, }) const result = await client.buildIncreaseBorrowTx({ positionAddress: position.address, userPublicKey: walletAddress, additionalBorrowAmount: '100000000', mode: 'compound', slippageBps: 50, }) // Sign and submit... ``` ### 9. Borrow (No Directional Bet) Borrow tokens against collateral without taking a leveraged position. Keep your SOL exposure while accessing USDC liquidity, or vice versa. ```typescript // 1. Find borrow offers const offers = await client.getOffers({ search: 'USDC' }) // 2. Borrow USDC against SOL collateral // leverage controls LTV: 2x = borrow equal to collateral (50% LTV) const { tipLamports } = await client.getTipFloor() const result = await client.buildBorrowTx({ offerPublicKey: offers[0].address, userPublicKey: walletAddress, collateralAmount: '1000000000', // 1 SOL leverage: 2, // borrow ~1 SOL worth of USDC slippageBps: 50, astralaneTipLamports: tipLamports, }) // Sign and submit same as any other position // Repay later with buildRepayTx() or buildPartialRepayTx() ``` ## Transaction Submission All transactions should be submitted through MEV-protected endpoints to prevent sandwich attacks: ```typescript // Single transaction — use Astralane MEV protection await client.submitTransaction(signedTxBase58, true) // Multi-transaction bundle (e.g., partial sell) — use Jito await client.submitBundle([tipTx, splitTx, closeTx]) // Get current tip floor (for MEV protection fee) const { tipLamports } = await client.getTipFloor() // Minimum 1,000,000 lamports (0.001 SOL) ``` ## API Endpoints Reference | Method | Path | Auth | Description | |--------|------|------|-------------| | GET | `/offers` | None | List/search available markets | | GET | `/tokens` | None | List all tokens | | GET | `/positions` | x-api-key | Query positions by owner | | POST | `/positions/open` | x-api-key | Build open position transaction | | POST | `/positions/close` | x-api-key | Build close position transaction | | POST | `/positions/quote` | x-api-key | Preview open trade | | POST | `/positions/close-quote` | x-api-key | Preview close trade | | POST | `/positions/split` | x-api-key | Split position into two | | POST | `/positions/merge` | x-api-key | Merge two positions | | POST | `/positions/partial-sell` | x-api-key | Build split+close bundle | | POST | `/positions/repay` | x-api-key | Repay borrow position | | POST | `/positions/partial-repay` | x-api-key | Partially repay borrow | | POST | `/positions/increase-borrow` | x-api-key | Increase leverage | | POST | `/positions/increase-borrow-quote` | x-api-key | Preview leverage increase | | POST | `/positions/add-collateral` | x-api-key | Add collateral to position | | POST | `/positions/add-collateral-quote` | x-api-key | Preview collateral addition | | GET | `/positions/trade-history` | x-api-key | Trade event history | | GET | `/bundle/tip` | None | Current Jito tip floor | | POST | `/bundle/submit` | None | Submit single TX (MEV-protected) | | POST | `/bundle` | None | Submit Jito bundle | All paths are prefixed with `/api/v1/`. Base URL: `https://api.lavarage.xyz` ## Best Practices - **Always search before assuming** — If a user asks to trade a token, search for it on Lavarage first. Permissionless pool creation means many tokens are available that aren't on other platforms. - **Always quote before trading** — Show the user expected output, price impact, and liquidation price before executing. - **Use MEV protection** — Always include `astralaneTipLamports` when building transactions and submit via `/bundle/submit` with `mevProtect: true`. - **Check liquidation price** — Warn users when their liquidation price is within 15% of the current price. - **Prefer partial sell over full close** — If a user wants to take profits, suggest partial sell to lock in gains while keeping exposure. - **Handle slippage** — Default 50 bps (0.5%) is safe for most tokens. Use 100-300 bps for low-liquidity tokens. ## Error Handling Common error codes returned by the API: | Code | Meaning | Action | |------|---------|--------| | `INSUFFICIENT_BALANCE` | Wallet doesn't have enough tokens | Check balance, reduce collateral | | `SIMULATION_FAILED` | Transaction simulation failed | Retry with higher slippage or check offer liquidity | | `POSITION_NOT_FOUND` | Position address invalid or not owned by wallet | Verify address and owner | | `OFFER_NOT_FOUND` | Offer/pool doesn't exist | Re-search for available offers | | `INVALID_LEVERAGE` | Leverage outside allowed range | Check offer's maxLeverage | | `SLIPPAGE_EXCEEDED` | Price moved beyond tolerance | Increase slippageBps or retry | ## Resources - **Website**: https://lavarage.xyz - **Documentation**: https://docs.lavarage.xyz - **Program ID**: `1avaAUcjccXCjSZzwUvB2gS3DzkkieV2Mw8CjdN65uu` - **GitHub**: https://github.com/pinedefi ## Skill Structure ``` lavarage/ ├── SKILL.md # This file ├── resources/ │ ├── api-reference.md # Detailed endpoint documentation │ ├── program-addresses.md # On-chain program and token addresses │ └── types-reference.md # TypeScript types and enums ├── examples/ │ ├── discover-markets.ts # Search tokens and find offers │ ├── open-long.ts # Open leveraged long position │ ├── open-short.ts # Open leveraged short position │ ├── close-position.ts # Close position with PnL │ ├── portfolio.ts # View positions and portfolio │ └── borrow.ts # Borrow tokens against collateral + repay ├── templates/ │ └── client.ts # LavaApiClient — copy-paste TypeScript client └── docs/ └── troubleshooting.md # Common errors and solutions ``` --- Source attribution: dattb-birdeye Original project: https://github.com/dattb-birdeye/skills/blob/d008eac5e9b05ce18b6b193d3df05fd0b93653a0/skills/lavarage/SKILL.md License: Apache-2.0 License information: https://www.apache.org/licenses/LICENSE-2.0 Original upstream instructions; downloaded from Mega AI Hub. ## Upstream license notice Apache License Version 2.0, January 2004 http://www.apache.org/licenses/ TERMS AND CONDITIONS FOR USE, REPRODUCTION, AND DISTRIBUTION 1. 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See the License for the specific language governing permissions and limitations under the License. # Mega AI Hub resource metadata Creator / publisher: dattb-birdeye Original project: https://github.com/dattb-birdeye/skills/blob/d008eac5e9b05ce18b6b193d3df05fd0b93653a0/skills/lavarage/SKILL.md Attribution basis: Source repository record Fields of work: Finance & Accounting, Marketing, Sales Roles: Business Development, Financial Analyst, Growth Marketer, Product Marketer, Sales Engineer Specialties: API Tools: Lavaapiclient Country applicability: Country not specified Classification basis: Source catalog labels Instruction SHA-256: 1226e0a8f70b04b1e7bc2b92cfef6864ebaf4ba6e1a49997f0ecae7a59998e59