Attention all @GMX_IO and #Arbitrum enthusiasts - $plvGLP has entered a new era of utility! ⚡️
With @LodestarFinance, $plvGLP holders can now borrow against their holdings on Lodestar. Truly #PrimeCollateral. 🏦
This enables several strategies, which we'll dive in to below! 👇
With @LodestarFinance, $plvGLP holders can now borrow against their holdings on Lodestar. Truly #PrimeCollateral. 🏦
This enables several strategies, which we'll dive in to below! 👇
At the time of writing, $plvGLP holders can earn over 30% APY on top of the native $plvGLP APR by depositing into @LodestarFinance. 🤯
In practice, users can therefore earn nearly 80% in total APR by using $plvGLP and Lodestar to get the most out of their underlying $GLP!
In practice, users can therefore earn nearly 80% in total APR by using $plvGLP and Lodestar to get the most out of their underlying $GLP!
Remember that $plvGLP autocompounds the ETH rewards, making it a perfect form of set-and-forget collateral, which grows over time.
@LodestarFinance has also enabled an 80% LTV for $plvGLP, making it extremely capital efficient!
@LodestarFinance has also enabled an 80% LTV for $plvGLP, making it extremely capital efficient!
But that's not all - Lodestar allows $plvGLP to be looped, meaning that users can borrow USDC against their holdings, buy more $plvGLP and deposit it as collateral.
Rinse and repeat as many times as you're comfortable with. For example, looping 5 times gets you this. 👇
Rinse and repeat as many times as you're comfortable with. For example, looping 5 times gets you this. 👇
We've put together a rough calculator for you to use to find the best strategy to suit your risk appetite.
You can access the calculator below - it takes in to account $LODE emissions and lets you play around with all the variables. 👀
docs.google.com/spreadsheets/d…
You can access the calculator below - it takes in to account $LODE emissions and lets you play around with all the variables. 👀
docs.google.com/spreadsheets/d…
Do note that this strategy comes with a liquidation risk if the value of $GLP changes. Individual risk appetite must be assessed by the user - use responsibly!
You can familiarize yourself with the mechanism here: docs.lodestarfinance.io/documentation/…
You can familiarize yourself with the mechanism here: docs.lodestarfinance.io/documentation/…
We're extremely pleased to offer $plvGLP holders a new way to earn massively improved yield and capital efficiency through our integration with @LodestarFinance.
Building on top of the original innovation that is $GLP, we're set on making $plvGLP a turbo-charged version of it!
Building on top of the original innovation that is $GLP, we're set on making $plvGLP a turbo-charged version of it!
We're hosting a thread competition on all things $plvGLP - starting today.
We want to spread the message of $plvGLP being #PrimeCollateral to everyone on #Arbitrum, and to do that we need your help! 🙏🏻
The competition runs for three weeks, and the 3 best threads win $500 USDC!
We want to spread the message of $plvGLP being #PrimeCollateral to everyone on #Arbitrum, and to do that we need your help! 🙏🏻
The competition runs for three weeks, and the 3 best threads win $500 USDC!
If you have any questions, please hop in to our Discord and make sure to join us for our @PlutusDAO_io x @LodestarFinance Twitter Spaces AMA today at 19:00 UTC! 🎉
Also please note that none of the above is financial advice in any capacity. 🙏🏻
Also please note that none of the above is financial advice in any capacity. 🙏🏻
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