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A short says: I want USD exposure against a stock I think will fall — including PreStocks that have no other short venue.

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Example

You deposit 2 ANTHROPIC at 2×.
  1. Margin receives 2 ANTHROPIC.
  2. Vanna borrows another 2 ANTHROPIC.
  3. Jupiter swaps 4 ANTHROPIC into USDC.
  4. Vault holds USDC. Debt is 4 ANTHROPIC plus interest.
If ANTHROPIC falls, your USDC collateral still covers a cheaper buyback. If it rips, health falls.
Short ANTHROPIC ticket with 2 token collateral and 2x leverage

ANTHROPIC / USDC short. DexScreener chart, 2× leverage, health 2.42. Click the image to zoom.

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Steps

  1. Open Perps and pick the pair.
  2. Select Short.
  3. Enter stock collateral and leverage.
  4. Confirm one signature.
  5. Close from the positions table — the app buys the stock back, repays, and withdraws leftover USDC.
Shorting a PreStock is the product. Those names had no perp market. They do now.