# Start Leveraging

**Start Leveraging in 7 Simple Steps**

Want bigger APY? Borrow assets to leverage your position!

1. **Connect your** [**wallet**](https://docs.pluto.so/protocol/start/wallet-setup) – it's quick and easy!
2. **Choose** [**Leverage**](https://app.pluto.so/leverage) from the menu and explore the strategies you’d like to try.
3. **Click Open Position** when you’re ready to proceed.
4. **Select your collateral asset** and **enter the amount** you wish to deposit.
5. **Pick your leverage** – choose how much you want to borrow. 
6. **Enable Safety Mode** for extra protection. It helps reduce the risk of losing your collateral if the strategy moves against you for a long period. 
7. **Sign the transaction** with your wallet. Remember, you’ll need a bit of SOL to cover the [blockchain fee ](https://docs.pluto.so/protocol/fees/solana)(even if you're depositing other assets like USDC).

That’s it! Once the transaction is complete, you can head over to the [**dashboard**](https://app.pluto.so/dashboard) to check your balance.

{% hint style="warning" %}
**Be cautious**: A 3× leverage means you'll borrow 2× your collateral, making your position 3× larger. The higher your leverage, the more you borrow, the bigger risk you're taking.\
🔗  Learn more about [leverage](https://docs.pluto.so/protocol/learn/leverage "mention") and [liquidation](https://docs.pluto.so/protocol/learn/liquidation "mention")

**Safety Mode** helps reduce your risk, but it won't completely eliminate all risks.\
🔗  Learn more about [safety-mode](https://docs.pluto.so/protocol/learn/safety-mode "mention") and [risks](https://docs.pluto.so/security/risks "mention")
{% endhint %}