Port Finance, a non-custodial money market protocol on Solana, launches Hedge Innovation Zone, in partnership with Hedge Labs, a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar.
Port Finance launches Hedge Innovation Zone, an isolated lending pool, separated from the main Port pool, which aims to boost the usage of $USH in the Solana Ecosystem.
Introduction to Hedge
Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.
Hedge allows users to take out 0% interest loans for a one-time fee by depositing collateral for USH. Users are incentivized to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USH in a stability pool are returned discounted collateral as a reward. USH is always redeemable for its underlying value, but a fee ensures the protocol is impacted infrequently.
How can users take advantage of this Hedge Innovation Zone?
Users can deposit $BTC/$SOL/$mSOL/$USH and borrow $USH, earnings of $HDG and $PORT are claimable at Penguin Finance.
$USH that is borrow can be redeposit back into the innovation hub. You can do this a couple of times folding it. If you are over-folding it, you might have a hard time unwinding the position if you don’t have spare currency, thus please proceed only if you are aware of such risk. (Fold strategy) AT YOUR OWN RISK!
Users can provide $USH-$USDC on Orca.so or Saber.so and yield 67%/27% APR respectively.
You can also form a LP with the borrowed assets and stake at Saros Finance.
(We do not endorse any of the above, please do your own due diligence before putting your money elsewhere!)
As always you can also liquidate other users who have reached 100% risk factor from the liquidate tab.
How can users obtain $USH?
Users can mint against $SOL, $mSOL, $wBTC, $USDC on Hedge.so/borrow
Users can also head over to Orca.so or Saber.so or Jup.ag and do a swap to obtain $USH tokens.
About Port Finance
Port Finance is a non-custodial money market protocol on Solana. Its goals are to bring a whole suite of interest rate products including variable rate lending, fixed rate lending and interest rate swap to the Solana blockchain.
About Hedge
Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem.
SOURCE
https://port-finance.medium.com/port-finance-launches-hedge-innovation-zone-c6fe287aad66
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