# Getting Started

### Step 1: Connect Your Wallet

XCCY is a non-custodial protocol.

* Connect a supported wallet on the desired network.
* Your wallet becomes your account — there are no deposits into centralized custody.
* All positions, collateral, and risk live on-chain and are visible at all times.

Once connected, you’ll see your **account dashboard**, including collateral, margin mode, and available balance.

### Step 2: Choose Your Margin Mode

Before trading, select how your collateral is managed:

* [**Isolated Margin**](https://docs.xccy.finance/concepts/risk-management/isolated-margin)\
  Each position is risk-contained. Collateral is tied to a specific pool.
* [**Portfolio Margin**](https://docs.xccy.finance/concepts/risk-management/portfolio-margin)\
  Collateral is shared across positions and netted by risk. More capital efficient.

<details>

<summary><em>Coming Soon</em></summary>

* [**X-Mode**](https://docs.xccy.finance/concepts/risk-management/x-mode-coming-soon) **(Clustered Margin)**\
  Optimized for highly correlated assets (e.g. ETH-like or USD-like). Enables the highest capital utilization.

</details>

You can change margin modes later, subject to risk constraints.

### Step 3: Add Collateral

Deposit [supported assets](https://docs.xccy.finance/concepts/risk-management/collateral-management) as collateral.

Collateral:

* secures your positions,
* determines your available margin,
* is dynamically valued by the risk engine.

Some products may automatically route idle collateral into conservative strategies (e.g. XLP Senior) to improve capital efficiency.

### Step 4: Choose What You Want to Do

XCCY supports multiple ways to participate. You don’t need to use all of them.

Common entry points:

* [**Lock**](https://docs.xccy.finance/concepts/fixed-yield-layer/lending) **a Fixed Yield (Savings-style)**
  * Earn a fixed APR for a defined term.
* [**Borrow**](https://docs.xccy.finance/concepts/fixed-yield-layer/borrowing) **at a Fixed Rate**
  * Lock borrowing costs in advance.
* [**Trade**](https://docs.xccy.finance/guides/trade-irs/take-liquidity) **Interest Rate Swaps (IRS)**
  * Hedge or speculate on future rates.
* [**Provide**](https://docs.xccy.finance/guides/trade-irs/provide-liquidity) **Liquidity**
  * Earn fees by supporting rate markets.
* **Use Advanced** [**Strategies**](https://docs.xccy.finance/guides/strategies)
  * Arbitrage, market making, or hedged yield strategies.

Each product has a dedicated guide explaining how it works and how to use it.

### Step 5: Monitor Risk & Positions

Once you open positions, keep track of:

* health factor,
* margin usage,
* open orders,
* accrued interest and PnL.

You can monitor everything through:

* the web interface,
* or the [**XCCY Telegram Bot**](https://docs.xccy.finance/developers/xccy-telegram-bot), which provides alerts and real-time updates.

### Step 6: Exit or Adjust Positions

Depending on the product:

* **Fixed Yield positions** can be held to maturity or exited early at zero interest.
* **IRS positions** can be closed at any time at market price.
* **Liquidity positions** can be adjusted or redeemed based on pool rules.

All exits and adjustments are on-chain and transparent.


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