Capital efficiency is one of DeFi's biggest problems
Users aren't maximizing the yields they could earn with their assets.
@merofinance reactive liquidity pools solve this problem by allowing users to add layers of utility to their assets: ๐งต๐
Users aren't maximizing the yields they could earn with their assets.
@merofinance reactive liquidity pools solve this problem by allowing users to add layers of utility to their assets: ๐งต๐
In this thread, you'll learn the following:
โ Overview of Mero Finance
โ How it works
โ Tokenomics
Let's get in!
โ Overview of Mero Finance
โ How it works
โ Tokenomics
Let's get in!
1/ Overview of Mero
Built on @ethereum, Mero is a DeFi protocol that empowers asset efficiency by enabling users to make their assets reactive to market conditions or user-defined variables.
With Mero, users are exposed to more benefits from their underlying assets.
Built on @ethereum, Mero is a DeFi protocol that empowers asset efficiency by enabling users to make their assets reactive to market conditions or user-defined variables.
With Mero, users are exposed to more benefits from their underlying assets.
Mero aims to solve the following problems:
โ Capital efficiency
Capital efficiency in crypto has become a cliche. Most projects preach but don't actually practice it.
Users fail to maximize yields and often times leave their assets sitting idle.
โ Capital efficiency
Capital efficiency in crypto has become a cliche. Most projects preach but don't actually practice it.
Users fail to maximize yields and often times leave their assets sitting idle.
โ Opportunity cost
Most DeFi protocols are characterized by static or single-utility liquidity pools.
This means, whenever a user deploys their assets to a pool, they are forgoing other yield opportunities they could get other places.
Most DeFi protocols are characterized by static or single-utility liquidity pools.
This means, whenever a user deploys their assets to a pool, they are forgoing other yield opportunities they could get other places.
Mero's reactive liquidity changes everything.
Users can now maximize yields from their assets. Not just from the usual yield farming but also through "Actions".
Through Mero, users can automate their assets to always be allocated where it's most efficient.
Users can now maximize yields from their assets. Not just from the usual yield farming but also through "Actions".
Through Mero, users can automate their assets to always be allocated where it's most efficient.
Mero replaces static-liquidity pools with multi-utility liquidity pools.
So, instead of assets staying static in the pools until withdrawal, assets in Mero react to market conditions and user-defined variables.
The platform empowers your assets to be more efficient.
So, instead of assets staying static in the pools until withdrawal, assets in Mero react to market conditions and user-defined variables.
The platform empowers your assets to be more efficient.
2/ How does it work?
โข Users provide liquidity in exchange for pool-specific LP tokens
โข The deposited assets are deployed to @CurveFinance & @convexfinance to earn auto-compounded yields and MERO rewards.
โข Users may register their LP tokens to an action
โข Users provide liquidity in exchange for pool-specific LP tokens
โข The deposited assets are deployed to @CurveFinance & @convexfinance to earn auto-compounded yields and MERO rewards.
โข Users may register their LP tokens to an action
NB: Actions enable users to make their liquidity reactive by defining customizable market triggers. And it's optional; users can use Mero solely as a yield farm.
Actions expose your assets to more layers of utility
Currently, Mero supports collateral top-ups as the first action
Currently, Mero supports collateral top-ups as the first action
The collateral top-ups action will allow users to register their Mero liquidity to their open loans on @aaveaave or @compoundfinance.
Actions are executed by Mero keepers, which are off-chain bots that monitor registered liquidity at all times.
Actions are executed by Mero keepers, which are off-chain bots that monitor registered liquidity at all times.
Currently, Mero supports deposits for $DAI, $USDC, $USDT, $FRAX & $ETH.
Anon, but what about the yields?
The funds deposited into Mero earn compounded yields from strategy profits and platform fees.
Anon, but what about the yields?
The funds deposited into Mero earn compounded yields from strategy profits and platform fees.
3/ Tokenomics
The MERO governance token distribution aims to incentivise key stakeholders and facilitate protocol governance participation.
And it will be distributed to key stakeholders: LPs, Keepers, & AMM liquidity providers.
Please note that the token is not out yet.
The MERO governance token distribution aims to incentivise key stakeholders and facilitate protocol governance participation.
And it will be distributed to key stakeholders: LPs, Keepers, & AMM liquidity providers.
Please note that the token is not out yet.
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