1/ There's a new gem in the building!
Pretty sure you've seen @rodeo_finance pop on your timeline recently, but why is everyone talking about this new Camelot gem?
โข $4m in presale TVL?
โข Only $12m in FDV?
โข Decent yields on Arb?
Let's break it down ๐งต
Pretty sure you've seen @rodeo_finance pop on your timeline recently, but why is everyone talking about this new Camelot gem?
โข $4m in presale TVL?
โข Only $12m in FDV?
โข Decent yields on Arb?
Let's break it down ๐งต
2/ Introducing @Rodeo_Finance
Built on Arbitrum, Rodeo Finance is a leveraged yield farming protocol that allows users to add up to 10x leverage to their investment strategies.
Rodeo focuses on leverage and undercollateralized lending.
Built on Arbitrum, Rodeo Finance is a leveraged yield farming protocol that allows users to add up to 10x leverage to their investment strategies.
Rodeo focuses on leverage and undercollateralized lending.
3/ In a bear market, almost everyone wants to maximize their capital efficiency.
That's why the LSD and real yields narrative perform well, regardless of the market sentiments.
The timing is perfect for Rodeo.
That's why the LSD and real yields narrative perform well, regardless of the market sentiments.
The timing is perfect for Rodeo.
4/ Essentially, there are two types of users on the platform:
โข Lenders: they deposit assets into the lending pool to be used by borrowers.
โข Borrowers (farmers): they come to borrow funds and invest using any of Rodeo's strategies.
โข Lenders: they deposit assets into the lending pool to be used by borrowers.
โข Borrowers (farmers): they come to borrow funds and invest using any of Rodeo's strategies.
5/ Here's how it works:
Users deposit their $USDC in the lending pools, and the funds are made available to borrowers to use as leverage.
In turn, lenders collect fees (real yields) to allow borrowers to utilize their funds.
Users deposit their $USDC in the lending pools, and the funds are made available to borrowers to use as leverage.
In turn, lenders collect fees (real yields) to allow borrowers to utilize their funds.
6/Currently, many farms are available on Rodeo for borrowers to milk yields from.
For instance, some popular assets include $plvGLP, $GLP, $ETH, $GRAIL, $ARB, etc.
For instance, some popular assets include $plvGLP, $GLP, $ETH, $GRAIL, $ARB, etc.
7/ It is worth noting that Rodeo utilizes a single asset/collateral model, eliminating directional risk when playing with different assets for collateral and borrowing while simplifying the process.
Convert it to the necessary asset, LP & lever up all in one step.
Convert it to the necessary asset, LP & lever up all in one step.
8/ Apart from the usual yield farms, Rodeo has other great products in the pipeline like:
โข Index Vaults: to let users passively invest using different strategies
โข Leveraged LSDs: More yields for LST holders
โข Rocket Vaults
โข Dynamic Liquidity Pools
โข Index Vaults: to let users passively invest using different strategies
โข Leveraged LSDs: More yields for LST holders
โข Rocket Vaults
โข Dynamic Liquidity Pools
9/ Rodeo
$RDO will be launching soon on @CamelotDEX
Find the token allocation details in the attached graphics.
$RDO will be launching soon on @CamelotDEX
Find the token allocation details in the attached graphics.
10/ The public token sale will hold from 27th to 30th June.
Mark your calendar.
Mark your calendar.
11/ Rodeo prioritizes the safety of user funds, hence:
โข They've been audited by Kalos
โข They've set up a Protocol Insurance Fund
โข There's a bug bounty reward
Even so, Rodeo is still in Beta, do proceed with caution.
โข They've been audited by Kalos
โข They've set up a Protocol Insurance Fund
โข There's a bug bounty reward
Even so, Rodeo is still in Beta, do proceed with caution.
12/
That's all for today.
Disclosure: NOTHING in this thread constitutes financial advice. I'm an ambassador of Rodeo.
Follow me @ViktorDefi for more threads on narratives, alphas, and low-cap gems.
That's all for today.
Disclosure: NOTHING in this thread constitutes financial advice. I'm an ambassador of Rodeo.
Follow me @ViktorDefi for more threads on narratives, alphas, and low-cap gems.
13/ Kindly retweet if you like the thread.
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