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Archimedes 🏛️
@ArchimedesFi
⚠️ The DAO voted to wind down the protocol in AIP-5. Users are advised to withdraw funds. ⚠️
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Feb 19, 2023
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12 tweets
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4 min read
The Archimedes Flywheel - lv(🏛️,🏛️)
Why is it better for everyone involved if Archimedes has more lvUSD liquidity? 🤔
💡 Answer:
More Leverage.
The more liquidity there is in the lvUSD/3CRV pool on
@CurveFinance
, the more LEVERAGE can be made available to borrowers.
🧵
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/2
When we say “more leverage”, we mean two things:
✅ Ability to open more positions
✅ Ability to open more positions at a higher multiplier
...