OPIUM TURBO AAVE.

It’s been less than a week since the launch of Opium Turbo ETH, the very first Turbo product OPium prepared to allow crypto owners to earn a return on their Ether and risk-seeking investors to get highly leveraged daily exposure of 10x-30x.

The success has been overwhelming. Stakers have already received interest –based on several days, the APR is 272%–and Turbo products are sold out daily. Encouraged by the attention, they decided to launch the next Turbo straight away. For this, they collaborated with their long-time partner Aave, the largest protocol for lending and borrowing crypto.

Aave tokens looked like a natural match: an innovative protocol with millions in turnover, it can boast one of the largest and most loyal communities. Recently, the protocol moved to Polygon to allow for higher scalability and wider user adoption — They did the same earlier this week, driven by the same reasons. The move brought a sizable benefit to users, effectively lowering transaction costs to near zero, which helped Aave reach $1b within a short period of time.

Aave has its own governance token on Polygon, and it is this token that will serve as collateral for Opium Turbo AAVE in the staking pool. This staking pool should statistically earn interest from selling weekly Turbos to the market. Purchasers of Turbo AAVE tend to be more bullish on the performance and can get significant leverage of 10–30x if the price exceeds the strike price at the end of the week.

⬇️DETAILS:

https://medium.com/opium-network/opium-turbo-aave-b69a23ab1048