Stellaswap And Midas Have Teamed Up To Incentivize The Pool
Midas Capital x StellaSwap
Strengthening the Moonbeam ecosystem at Midas Capital, they are delighted to announce the StellaSwap pool. With this pool, users can collateralize their LP tokens to borrow Wormhole-wrapped USDC and enable hedging and leveraged LP strategies.
StellaSwap a hybrid DEX that features a standard, stable and concentrated liquidity AMM. To facilitate the most optimal price discovery for assets on Moonbeam. As an integrated gateway, users can access the ecosystem with ease through their native bridge, swap-for-gas feature, as well as various DeFi opportunities.
Stellaswap and Midas have teamed up to incentivize the pool to source the initial liquidity. Certain deposits in the pool will be incentivize with STELLA rewards.
About the pool
Initial pool structure:
Collateral: STELLA (50% LTV), USDC.wh (80% LTV), DOT.xc-GLMR (65% LTV), USDC.wh-GLMR (65% LTV), WBTC.wh-GLMR (70% LTV), WETH.wh-GLMR (70% LTV)
Borrowable: USDC.wh, WGLMR
Access The Pool
Unique Yield-Generating Opportunities With ERC-4626
Using the ERC-4626 tokenized vault standard, Midas seamlessly integrates with multiple protocols across DeFi to bring unique yield-generating opportunities to the users right in Midas pools. In Stellaswap pool, users can collateralize a variety of LP tokens to borrow USDC and increase their exposure to the LP tokens or use that liquidity to participate in other DeFi strategies.
Moreover, once supported assets are deposited in the pool by a user, the Midas protocol automatically redeposits these tokens into respective Stellaswap pools for additional rewards that can be claimed directly on the app’s UI. This means the collateralized token is earning rewards even when the user borrows against it.
About StellaSwap
StellaSwap the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects & engage in NFT trading all from a single unified platform.
About Midas Capital
Midas Capital bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, and protocols to create customized and isolated pools for lending and borrowing any asset, Midas is building a cross-chain ecosystem that democratizes money markets.
