LIFI Integration with Extra Finance

Published on: 14.06.2023
LIFI Integration with Extra Finance

LIFI Integration with Extra Finance, users can move their existing assets from 17+ EVM-compatible chains directly into Optimism to start earning yields without the need to leave the platform.

What is Extra Finance?

Extra Finance is a decentralized lending and leveraged yield-farming platform built on Optimism. Users can implement customized farming strategies or deposit into lending pools to earn interest. Additionally, Extra Finance has integrated farming pools on Velodrome, allowing users to tailor their farming strategies through options such as reinvesting, market-neutral, and long/short farming. Extra Finance has been audited by PeckShield, and in partnership with InsurAce, ensuring the utmost security for their platform. As LIFI announced their Integration with Extra Finance.

Features that set apart Extra Finance from other yield farming platforms:

  • Optimism-Native – Extra Finance is built on Optimism which allows users to take advantage of high speeds & low fee transactions.
  • Leveraged Yield Farming – One of Extra Finance’s most interesting features is leveraged yield farming which allows users to amplify their returns on investments by borrowing additional funds to invest in a liquidity pool.
  • Custom Farming Strategies – Extra Finance offers many strategies, including reinvesting strategy,  long/short strategy, and market-neutral strategies.
  • Lending – Allows users can earn stable yields by supplying assets to the lending pool. Which are then borrowed by leveraged yield farmers to perform yield farming.

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About LIFI

The most advanced bridge and DEX aggregator with smart routing capabilities to find the best route to move any asset on any chain, to another asset on another chain. They have added support for 13 bridges across 15+ EVM-compatible chains, along with all DEX aggregators & DEXs on those chains, into a single solution that is available as an SDK, Widget, or API.

Website | Twitter

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SOURCE: LIFI BLOG
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