Adding leverage to a position you already have
Borrowing against a range puts cash in your account. Adding leverage puts the borrowed money back into the range, so you earn more fees and owe more.
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Collecting fees you have already earned requires borrowing money
On a leveraged Uniswap position, taking the fees you are owed needs a flash loan first. That follows from what collateral means; it is not a quirk of ours.
ReadOpening a levered range is one instruction, not five
Mint the position, move it into the vault, borrow against it, put the proceeds back in. Two operations do it, and only one of them needs a flash loan.
ReadTurn a long into a short without closing it
A leveraged position's direction is a setting you can change without rebuilding the position: long, short or delta-neutral, inside one transaction.
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