# Opening a Position, Step by Step

> Pick an asset. The list shows each asset's price and your available tokens. Choose how many tokens to deposit.

Canonical: https://spout.finance/docs/opening-a-position/

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- Open Borrow Pick an asset. The list shows each asset's price and your available tokens.

- Set your collateral Choose how many tokens to deposit. If you already have a position in this asset, they are added to it.
- Set your loan with the LTV slider It runs from 0% to 50%, with stops at 12.5%, 25%, 37.5% and 50%. Lower is safer.

- Check the summary Before you confirm, the app shows what you receive, the annual interest (0%), the estimated borrower cost a year, and the health factor and liquidation price for the position you are about to open.
- Confirm in your wallet The deposit and the borrow happen in a single transaction.

- Done USDC arrives in your wallet and the position appears under your positions.

## What the summary means

**You receive**: the USDC that will arrive in your wallet.

**Annual interest**: 0%.

**Estimated borrower cost a year**: an estimate of the upside you may give up, explained in What Borrowing Really Costs You.

**Health factor and liquidation price**: how far the stock can fall before a sale, for the position you are about to open.

## Tips

- **Start below the maximum.** On NVDA, with a 58.8% threshold, borrowing 30% instead of 50% means the stock can fall about 49% instead of 15% before liquidation.
- **Keep SOL for fees** so you can always repay or add collateral quickly.

- **Check pool availability.** If the lending pool is at its borrowing limit, the app tells you; try again later or borrow less.