Eleven Finance and Iron Finance — A partnership.

Eleven Finance is very excited for the opportunity to announce this formal partnership with Iron Finance.

The Polygon DeFi ecosystem is a vibrant and fast moving space that has seen the key platforms build out, gain popularity and emerge as key players.

Two of these are Iron Finance and Eleven Finance.

Iron Finance’s stable swap, IronSwap, has become one of the most liquid, cheap and effective places to trade on Polygon (with just a 0.02% swap fee and in excess of $200 million TVL).

Swapping in and out of stables is needed by Eleven Finance as the backbone of Leveraged Yield Farming. Allowing LP’s to be built with leveraged assets from the eleUSD bank, the savings from minimal fees and slippage (especially one who is in a leveraged position) are then passed on to the end user.

Users wanting exposure to farming Iron Finance incentivised pools with up to 9x leverage can find them here: eleven.finance/#/leverage

Furthermore Eleven’s eleUSD bank, when not fully utilised, will provide liquidity back to Iron Finance. This allows maximised capital efficiency with these funds continuing to generate income, while the remainder are lent those farming with leverage.

Those wanting to transform single assets into interest bearing assets can deposit them with Eleven Finance here: eleven.finance/#/leverage

The launch of Iron Finance’s own stablecoin, IRON, sees a further opportunity for the platforms to work together. The launch of incentivised liquidity pools for IRON pairs are an opportunity for Eleven Finance users to deposit these into our auto compounding strategies. Here returns are maximised, while adding further liquidity to the pairs. This, in turn, allows IRON V2 pairs to have lower slippage and more overall usability.

Providing liquidity to Iron Finance and want to take advantage of the power of compounding rewards? Deposit them with Eleven Finance here: eleven.finance/#/vault

SOURCE: https://elevenfinance.medium.com/eleven-finance-and-iron-finance-a-partnership-5e1233d4b2a8