Skip to main content

​
Prerequisites

Before you begin, make sure you have:
  • A Solana wallet (Phantom, Solflare, or similar)
  • Some SOL for transaction fees
  • Tokens you want to trade or provide as liquidity

​
Step 1: Connect Your Wallet

  1. Visit omnipair.fi
  2. Click “Connect Wallet” in the top right
  3. Select your wallet provider
  4. Approve the connection
Make sure you’re connected to the correct network (Mainnet for production, Devnet for testing).

​
Step 2: Choose Your Action

Omnipair supports three main actions:

​
Trading (Swapping)

Swap tokens using Omnipair’s AMM:
  1. Navigate to the “Trade” tab
  2. Select the token you want to swap from
  3. Select the token you want to swap to
  4. Enter the amount
  5. Review the swap details (price impact, fees)
  6. Click “Swap” and approve the transaction

​
Borrowing

Borrow against collateral:
  1. Navigate to the “Borrow” tab
  2. Select a pair
  3. Add collateral (deposit tokens)
  4. Set your borrowing amount
  5. Review borrowing power and interest rate
  6. Click “Borrow” and approve the transaction

​
Providing Liquidity

Add liquidity to earn fees:
  1. Navigate to the “Markets” tab
  2. Select a pair (or create a new one)
  3. Enter amounts for both tokens
  4. Review the LP tokens you’ll receive
  5. Click “Add Liquidity” and approve the transaction

​
Step 3: Understanding Key Concepts

​
Liquidity Pools

Each trading pair has its own liquidity pool. The pool contains:
  • Reserves: Tokens available for swapping
  • Collateral: User-deposited collateral for borrowing
  • Debt: Outstanding borrows

​
LP Tokens

When you add liquidity, you receive omLP tokens representing your share of the pool. These tokens:
  • Earn fees from swaps and borrowing
  • Can be burned to withdraw your liquidity
  • Appreciate in value as the pool grows

​
Collateral Factor

The collateral factor determines how much you can borrow:
  • Maximum: 85% of collateral value
  • Dynamic: Adjusts based on pool conditions
  • Locked: CF is locked when you borrow

​
Interest Rates

Interest rates are utilization-based:
  • Low utilization: Lower rates (minimum 1% APR)
  • High utilization: Higher rates (can grow exponentially)
  • Target band: Stable rates at 50-85% utilization

​
Step 4: Your First Transaction

Let’s walk through a simple swap:
  1. Select Tokens: Choose USDC → SOL
  2. Enter Amount: Enter 100 USDC
  3. Review: Check the output amount and price impact
  4. Approve: Approve token spending (first time only)
  5. Swap: Confirm the swap transaction
  6. Done: Receive SOL in your wallet
Always check the price impact and slippage tolerance. High slippage can result in unfavorable rates.

​
Other Common Actions

​
Adjusting Provided Liquidity

  1. Select a pair
  2. Go to “Liquidity” → “Adjust Liquidity”
  3. Enter amounts to add or withdraw (maintain ratio)
  4. Approve and confirm

​
Creating a Leveraged Position

  1. Add collateral (e.g., SOL)
  2. Borrow against it (e.g., USDC)
  3. Swap borrowed tokens for more collateral
  4. Repeat to increase leverage
Leverage increases both potential gains and losses. Use with caution and understand liquidation risks.

​
Monitoring Your Position

  • Check your position health
  • Monitor liquidation price
  • Track interest accrual
  • View borrowing power

​
Safety Tips

  1. Start Small: Test with small amounts first
  2. Check Slippage: Always review price impact
  3. Monitor Positions: Keep an eye on leveraged positions
  4. Understand Risks: Read about liquidations and CF
  5. Use Limits: Set appropriate slippage tolerance

​
Troubleshooting

​
Transaction Failed

  • Check you have enough SOL for fees
  • Verify token approvals
  • Check slippage tolerance
  • Ensure sufficient balance

​
High Slippage

  • Use smaller amounts
  • Check pool liquidity
  • Consider different pairs
  • Wait for better conditions

​
Position Liquidated

  • Monitor health factor
  • Add more collateral
  • Repay debt
  • Understand liquidation mechanics

​
Next Steps

Now that you’ve completed the basics: