🛰️ FARM VAULTS IMMINENT
Leveraged yield farming arrives on @osmosiszone! Tentative launch date = Feb. 27
Martians will be able to use leverage to farm the OSMO-ATOM & OSMO-USDC pools with an auto-compounding strategy designed by @ApolloDAO
Here's how 🧵👇
Leveraged yield farming arrives on @osmosiszone! Tentative launch date = Feb. 27
Martians will be able to use leverage to farm the OSMO-ATOM & OSMO-USDC pools with an auto-compounding strategy designed by @ApolloDAO
Here's how 🧵👇
1/ Vaults act like yield-harvesting robots–i.e., they help users interact w/ staking/LPing smart contract systems more efficiently. Simply:
1️⃣ Choose your desired leverage
2️⃣ Deposit your assets in a vault
3️⃣ Let the vault put your tokens to work w/ its pre-programmed strategy
1️⃣ Choose your desired leverage
2️⃣ Deposit your assets in a vault
3️⃣ Let the vault put your tokens to work w/ its pre-programmed strategy
2/ Designed from inception for third-party strategy writers, Mars’ first vaults are powered by @apollodao strategies.
Upon launch, Apollo’s vaults will give explorers the ability to farm two Osmosis pools with leverage provided by Mars Red Bank:
🔴 OSMO-ATOM
🔴 OSMO-USDC
Upon launch, Apollo’s vaults will give explorers the ability to farm two Osmosis pools with leverage provided by Mars Red Bank:
🔴 OSMO-ATOM
🔴 OSMO-USDC
3/ Users will be able to visit the “FARM” tab on osmosis.marsprotocol.io to deposit an asset (i.e. ATOM, OSMO, or USDC).
Then, they can borrow the other token required by a given vault to leverage up their positions.
Then, they can borrow the other token required by a given vault to leverage up their positions.
4/ The image below shows at a high level how deposits work in the OSMO-ATOM strategy.
5/ Remember, anyone can create a vault with a given strategy and risk parameters.
If approved by the Martian Council, the vault is whitelisted for farming, allowing users to leverage up on the underlying strategy and potentially bolster yields.
If approved by the Martian Council, the vault is whitelisted for farming, allowing users to leverage up on the underlying strategy and potentially bolster yields.
6/ Mars’ first Farm Vaults will be subject to deposit caps as shown below.
The Martian Council will have the ability to #RAISETHEFARMCAPS based on the performance of the vaults.
The Martian Council will have the ability to #RAISETHEFARMCAPS based on the performance of the vaults.
7/ Farm Vaults increase capital efficiency for Mars’ users, but they also create a new source of borrowing demand within the Red Bank.
Since borrowing rates are plotted on a mathematical curve, any new borrowing increases the yield for Red Bank depositors.
Since borrowing rates are plotted on a mathematical curve, any new borrowing increases the yield for Red Bank depositors.
8/ And @apollodao’s strategies are just the beginning.
Learn how anyone can contribute new strategies to Mars, the risk associated with vaults, how they lay the foundation for decentralized credit accounts and more 🔻
blog.marsprotocol.io
Learn how anyone can contribute new strategies to Mars, the risk associated with vaults, how they lay the foundation for decentralized credit accounts and more 🔻
blog.marsprotocol.io
9/ 🔴
Remember, Cosmos, Osmosis and Mars are experimental technologies. This post is subject to and limited by the Mars disclaimers, which you should review:
docs.marsprotocol.io
Remember, Cosmos, Osmosis and Mars are experimental technologies. This post is subject to and limited by the Mars disclaimers, which you should review:
docs.marsprotocol.io
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