diff --git a/apps/marginfi-v2-ui/src/components/common/Tutorial/Tutorial.tsx b/apps/marginfi-v2-ui/src/components/common/Tutorial/Tutorial.tsx index f5c77965fe..7533bff46d 100644 --- a/apps/marginfi-v2-ui/src/components/common/Tutorial/Tutorial.tsx +++ b/apps/marginfi-v2-ui/src/components/common/Tutorial/Tutorial.tsx @@ -22,20 +22,14 @@ const TutorialSlide = ({ children, icon, heading, next, closeDialog }: TutorialS const swiper = useSwiper(); return ( -
- marginfi allows users to deposit supported tokens into the protocol and earn yield on them. This is - made possible by lenders on the platform who borrow these tokens and pay interest on them. + marginfi allows users to lend tokens and earn interest. Interest is paid by borrowers to lenders + when borrowing tokens. All borrowing is over-collateralized.
- Deposits into marginfi's LIP program may be locked up depending on the LIP campaign - they're deposited to, which is available to users in each LIP campaign configuration and can - only be set when a campaign is initially created. + Deposits in marginfi's Earn program may be locked according to the parameters each campaign. + Campaigns can be created on marginfi by new teams looking to bootstrap liquidity for their token.
- Borrowing on marginfi incurs a fee. Fees are specific to each asset that marginfi supports, usually - expressed in terms of APR (Annual Percentage Rate). + Borrowers in marginfi pay interest specific to each asset. Both lending and borrowing interest on + marginfi is variable.
- Every account's health is represented as a health factor. Your account health factor is a - single value that encapsulates how well-collateralized your portfolio is. + Account health is only for borrowing activity on marginfi. If you're not borrowing on marginfi, + you will always have 100% account health. Your account health is a single value that encapsulates + how well-collateralized your account is based on your borrowed liabilities.
- When borrowed trader positions fall below configured margin requirements, they are exposed to - liquidation. Liquidations on marginfi are automatic and permissionless, executed by third-party - liquidators who provide this service for a return, and marginfi awards a fee for successful - liquidations. + When borrowed positions fall below configured margin requirements and your account health goes to + 0%, you are exposed to liquidation. Liquidations on marginfi are automatic and permissionless. + Liquidators can buy and sell assets once accounts reach 0% account health for profit.