Long. Short. Lend.Make your move.
A new way to trade memecoins. Go long or short with token borrowing. Lend your tokens and earn borrowing fees. Built on Solana.
swayDisconnected
BONK / USDCIllustrative market data
USDCProduct preview. Not connected to a wallet.
One market. Both directions.
Go long by borrowing USDC to buy, or go short by borrowing tokens to sell.
How Sway works.
Lenders supply, traders borrow, and everything settles on Solana.
STEP 01
Lenders supply
Deposit tokens or USDC into a market and start earning borrowing fees.
STEP 02
Traders borrow
Post USDC collateral to borrow the token (to short) or USDC (to long).
STEP 03
Close and repay
Close the position, repay what you borrowed plus fees, and keep the difference.
Understand the trade
Know both sides of a short.
A falling price can create a profit. A rising price creates a loss.
You repay tokens.
Not their original value.
Borrow 1,000 tokens at $1 and sell for $1,000. To close, buy back the same 1,000 tokens.
Collateral backs the loan.
If your position becomes unhealthy, it may be liquidated.
What happens next?
Illustrative examplePrice falls
$0.60
Token price
- Buy back 1,000 tokens
- $600
+$400
Gross profit
Price rises
$1.50
Token price
- Buy back 1,000 tokens
- $1,500
−$500
Gross loss
Before borrowing costs, trading fees and slippage. Assumes the position remains open.
Lenders earn borrowing interest, but remain exposed to token prices and repayment risk.
Put your tokens to work.
Supply assets to earn borrowing fees from traders who go long or short.
Earn by enabling traders.
Deposit supported tokens or USDC into the protocol and earn a share of borrowing fees.
Understand your position.
See how price moves can impact your P&L before you trade.
USDC- Position size
- $200.00
- Entry price
- $0.0000214
- Liquidation
- —
Illustrative P&L at 2x leverage
Illustrative scenario. Fees, interest, and slippage excluded. Positions may be liquidated.
Built around your position.
Everything you need to manage your trades and lending in one place.
Collateral visibility
Monitor your health factor, collateral and liquidation price in real time.
Health factor
2.36
Clear borrowing costs
See real-time borrowing rates and projected costs before you trade.
Borrowing rate (variable)
12.6% APR
Manage in one place
View and manage all your open positions and supplies from a single dashboard.
- BONKLong2x+$12.40
WIFShort3x−$8.21
USDCSupply5.1% APR+$2.14
Illustrative sample data. Not a live account.
Common questions.
Short answers on shorting, longing, lending, liquidation, and withdrawals.
You borrow a token you think will fall, sell it now, and buy it back later to repay the loan. If the price drops, you buy back cheaper and keep the difference minus borrowing fees.
swayYour next move starts here.
Long, short, or lend. Memecoin markets in both directions, on Solana.