# What are Mero Sheets?
Mero Sheets are a community lead resource that explores the possibilities of Mero as a financial instrument. Each Mero sheet showcases a theoretical investment strategy through a simple spreadsheet. The goal of each Mero Sheet is to provide the framework for earning above market returns with the Mero protocol. Any member of the Mero community can create and submit a sheet. Submissions are reviewed by the Mero team and other Mero Sheet creators. Individuals who submit an accepted Mero Sheet are granted the Spreadsheet Monkey role on [Discord](https://discord.com/invite/jpGvaFV3Rv).

### Submission Requirements
To be accepted into the Mero Sheets collection submissions must meet the following criteria:

- Only uses decentralized protocols (no centralized exchanges)
- Must be conceivable and similar in format to existing Mero Sheets
- Sheet must have a name and brief summary (or explanation)
- Submission must include an excel (or Google sheets) spreadsheet that breaks down the recipe into numbered steps and calculates excess return (**return with Mero  —  return without Mero)**

> *Mero Sheets are not required to consider transaction fees*
>

Have an idea that doesn't meet the criteria or is not similar in format to existing Mero Sheets? That's okay! We would still love to take a look at your work. Or if you are having trouble making an idea work, share it with us on [Discord](https://discord.com/invite/jpGvaFV3Rv).

### How to submit a Mero Sheet

You can submit a Mero Sheet by sending an email to **[e-mail]**. For an example of the format you should follow, please refer to our intro [blog post](https://backdfund.medium.com/the-backd-cookbook-seeking-alpha-with-backd-89fa45349355).

In your email please make the subject: "Mero Sheet Submission"

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## Mero Sheets
### Sheet001 - Interest-bearing protective short
This sheet showcases how users can use the Mero protocol to build a short position that generates excess return (higher return with Mero than without) while also being protected from liquidation. Refer to the attached spreadsheet below for more details.

Creator: [maxbphi](https://twitter.com/maxbphi)
Spreadsheet: [Sheet001](https://docs.google.com/spreadsheets/d/1oC8ueGgrjvREcACQD2pfrfFtVdQ77eA553dObyUqTyw/edit?usp=sharing)

### Sheet002 - Leveraged yield-farming
Leveraged yield farming refers to strategies in which users borrow assets (usually stable coins) against an asset they want to hold in order to generate yield. This is a common practice in DeFi as it allows users to maintain exposure to their collateral asset while also participating in yield farming strategies. This sheet showcases how users can leverage yield farm through Mero while also mitigating any liquidation risk. The attached spreadsheet allows users to calculate or estimate potential returns utilizing this strategy.

Creator: [maxbphi](https://twitter.com/maxbphi)
Spreadsheet: [Sheet002](https://docs.google.com/spreadsheets/d/1H5l9rcT5L-57oyFeNoZ0J_DhQaJa2F9BIQGKbZ4rTL0/edit?usp=sharing)

### Sheet003 - Comparative outperformance
This sheet demonstrates how users can generate excess return on a position where they believe one asset will outperform another, while also maintaining a high level of exposure and being protected from potential liquidation. The attached spreadsheet shows how Mero provides excess yield on assets under various market conditions.

Creator: [brussatommy](https://twitter.com/BrussaTommy)
Spreadsheet: [Sheet003](https://docs.google.com/spreadsheets/d/1AMdImk7HO-dVnqUwvsT0NqLs3Pb2bmR72A9F5CkJQNo/edit?usp=sharing)

### Sheet004 - Interest-bearing leveraged long
This sheet is for a leveraged long position that is protected from liquidation using Mero, while also generating excess return. The attached spreadsheet gives further details, and can be used to model returns.

Creator: [brussatommy](https://twitter.com/BrussaTommy)
Spreadsheet: [Sheet004](https://docs.google.com/spreadsheets/d/15eD7lILk2dutlQiuS6jw_8VH4JV1ZTFaa2rlxYPlOec/edit?usp=sharing)

###### tags: Community