# Strategy Exposure

Users can use Stella Strategy to execute a liquidity providing strategy with exposure within a few clicks. By using an exposure strategy, user can gain more from asset price volatility on top of trading fees.

### Long Strategy

If leveragoors are **bullish on Asset X** (i.e. believe that the price of Asset X will increase against Asset Y) in the future, they can execute Long Exposure Strategy on X. Their position value will increase when X price rise, allowing them to gain in addition to trading fees.

To give an example on ETH/USDC.e strategy, a leveragoor who believes that **ETH price will rise** (relatively to USDC) will **borrow USDC** when opening a position to maximize their **LONG exposure on ETH**. As ETH price gets higher and the LP is rebalanced, original debt amount remains the same. This leads to extra yield when repaying debt at position closure.

### Short Strategy

If leveragoors are **bearish on Asset X** (i.e. believe that the price of Asset X will decrease against Asset Y) in the future, they can execute Short Exposure Strategy on X. Their position value will increase when X price drops, allowing them to gain in addition to trading fees.

To give an example, on ETH/USDC.e strategy, a leveragoor who believes that **ETH price will drop** (relatively to USDC) will **borrow ETH** when opening a position to maximize their **SHORT exposure on ETH**. As ETH price gets lower and the LP is rebalanced, original debt amount remains the same. This leads to repaying debt at discount at position closure.

### Neutral Strategy

If leveragoor believes that prices of all assets in a strategy will remain the same relatively to one another, they can use the Neutral Strategy to **minimize net exposure** by simultaneously having the **same level of LONG and SHORT** exposure on both assets.