# Leverage Leverage strategies are ways to gain increased exposure to an asset of your choice * If you're **bullish** on an asset, you can **Long** it in order to amplify positive price changes * If you're **bearish** on an asset, you can **Short** it in order to amplify negative price changes The leverage decides the multiplicator of price changes, for example when your leverage is 5x, a 10% price change will be as if the asset changed 50%. The higher the leverage, the riskier the strategy, because with high leverage even small price changes can have a large effect on your position and risk factor. Still, XOXNO only allows leverages so that your risk factor does not go above 100% initially. So at the start of each Long/Short, your position is healthy, and only from then on price changes on the supplied/borrowed assets can bring you closer to or further away from [Liquidation](/xoxno-ecosystem/lend-and-borrow/liquidation.md). Read on to understand everything about [Risk](/leverage/understanding-risk-factor.md), [Leverage](/leverage/understanding-leverage.md), [Long](/leverage/long.md) and [Short](/leverage/short.md) on XOXNO! ## Related Topics * [Multiply Strategies](/multiply.md) - Advanced yield optimization * [E-Mode](/xoxno-ecosystem/lend-and-borrow/e-mode.md) - Efficient borrowing for correlated assets * [Liquidation](/xoxno-ecosystem/lend-and-borrow/liquidation.md) - Understanding liquidation risks * [Getting Started](/readme.md) - New to XOXNO? --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.xoxno.com/leverage.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.