Thanks for the response Aaron! Let’s use your example to clarify. If you borrowed 66 Dai against 1 ETH, this implies that ETH is worth $100 and the collateralization ratio is 150%. You have locked up your 1 ETH, and borrowed 66 Dai. In the example of gaining leverage, you are taking the 66 Dai and going to an exchange to purchase .66 ETH (because Dai = $1 and ETH = $100). Does that make sense?