STON.fi: Beyond providing liquidity
Many people stop at providing liquidity and expect only LP fees in return. Little did they realize that their LP tokens can now be used as collateral to take a loan on EVAA
EVAA is a lending protocol built into Telegram where users can have access to yield opportunities and secured loans.
With this integration, you can use LP tokens from the TON/USDT pool to obtain a loan. The interesting part is that LP tokens used as collateral continue earning fees, which opens the door to looping strategies.
Looping strategies work this way: liquidity provider (LP) tokens from a pool (say, TON/USDT) are locked up as collateral. With that collateral, you can borrow assets (TON and USDT) and reinvest them back into the same pool. This process can be repeated several times, allowing you to multiply your overall yield from the pool.
However, keep in mind: Your Account Health goes up when you supply assets or repay debt, and goes down when you borrow. If your Account Health goes below 0%, your loan will be partially liquidated, with a liquidation penalty deducted from your collateral.
With STON.fi, opportunities keep rolling out.
What do you think about this collaboration? Let me know in the comments section
#TON #BinanceAlphaAlert #AltcoinMarketRecovery
Many people stop at providing liquidity and expect only LP fees in return. Little did they realize that their LP tokens can now be used as collateral to take a loan on EVAA
EVAA is a lending protocol built into Telegram where users can have access to yield opportunities and secured loans.
With this integration, you can use LP tokens from the TON/USDT pool to obtain a loan. The interesting part is that LP tokens used as collateral continue earning fees, which opens the door to looping strategies.
Looping strategies work this way: liquidity provider (LP) tokens from a pool (say, TON/USDT) are locked up as collateral. With that collateral, you can borrow assets (TON and USDT) and reinvest them back into the same pool. This process can be repeated several times, allowing you to multiply your overall yield from the pool.
However, keep in mind: Your Account Health goes up when you supply assets or repay debt, and goes down when you borrow. If your Account Health goes below 0%, your loan will be partially liquidated, with a liquidation penalty deducted from your collateral.
With STON.fi, opportunities keep rolling out.
What do you think about this collaboration? Let me know in the comments section
#TON #BinanceAlphaAlert #AltcoinMarketRecovery