# Opening a Position

Tulip Protocol currently supports the following parameters for new positions:

| Notional Size | Leverage |
| ------------- | -------- |
| No limit      | 3x       |

Minimum deposit would be $50  ~~and maximum collateral would be $50,000 deposit. We will look to adjust/increase these parameters once any potential risks have been mitigated and an orderly market is ensured.~~

~~To continue to maintain an orderly market, we have reduced maximum notional size based on the following limits:~~

~~$300k position size for RAY-X pairs~~ 

~~$100k position size for ALT-Stable pairs except MEDIA~~

Minimum deposit still applies.

Note, the program will automatically switch to the borrowing asset that has lower APY. You can toggle this with the dropdown.

Function Guide: [Medium](https://solfarm.medium.com/leveraged-farming-setup-guide-d6fb11d520d0)/[Video](https://streamable.com/7rfxbl)

![Leverage Flow](https://868539705-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MXI35QzyBtPDqrHT2Z9%2F-Mfcd55SWXbpmhMd5ZTd%2F-MfcxP1wu6RC78pLZOPU%2Flev.png?alt=media\&token=fa53ab7d-cdfa-45d4-ad26-f4b2ff069596)


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