Today, we celebrate a significant milestone for FiRM with the introduction of crvUSD-DOLA LP (liquidity pool) tokens as collateral. This debut not only enhances the utility of DOLA LP tokens but also signifies a pivotal moment for FiRM, expanding our collateral options where users can take advantage of fixed rate leverage and secure, isolated markets.
The Opportunity
Better Productivity for your LP tokens: By depositing DOLA and crvUSD into Curve, users already enjoy a nice yield. Boosting this through Convex amplifies the returns. And borrowing against this yield-bearing asset offers yet another layer for enhancing returns.
Simplified Collateral Deposits: Take advantage of Convex yields for Curve LP tokens without depositing separately into Convex.
Competitive Fixed Rates. DOLA borrowing rates are among the lowest in the industry and they are fixed, not variable. For purposes of multiplying your leverage via the Accelerated Leverage Engine, the certainty of fixed rates is extremely valuable during periods of high volatility when, by comparison, variable rates may spike and trigger liquidation events.
Why crvUSD-DOLA matters on FiRM
New class of collateral: LP tokens represent an attractive path for future collateral additions to FiRM
DOLA Liquidity and Lending Capacity: The addition of DOLA LP tokens directly supports DOLA liquidity, reduces liquidity costs, and increases DOLA's lending capacity.
Getting Started
Deposit Liquidity: Start by providing DOLA-crvUSD liquidity on Curve at . FiRM will automatically handle the subsequent deposit into Convex for you.https://curve.fi/#/ethereum/pools/factory-crvusd-12/deposit
Leverage Your Position and utilize FiRM’s Accelerated Leverage Engine to:
Take out a DOLA loan.
Purchase more DOLA-crvUSD LP tokens.
Deposit these as additional collateral.
Repeat this process with just one click, maximizing your capital efficiency.
This market launches with a 90% collateral factor, ensuring high capital efficiency. Access the market here https://www.inverse.finance/firm/crvUSD-DOLA
Important Notes
Do Your Own Research (DYOR): Always conduct your own research. Nothing in this post should be considered to be financial advice (NFA).
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