Archimedes 🏛️ Profile picture
⚠️ The DAO voted to wind down the protocol in AIP-5. Users are advised to withdraw funds. ⚠️
Feb 19, 2023 12 tweets 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.

🧵 /2

When we say “more leverage”, we mean two things:

✅ Ability to open more positions
✅ Ability to open more positions at a higher multiplier

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