Stake DAO First Lending Market is Now Live On Rari Capital

Stake DAO first lending market is now live on the Rari Capital Fuse Stake DAO Pool!

Users can now borrow stablecoins and more against strategy deposits and staked assets, adding a new layer of composability to both SDT and the broader Stake DAO ecosystem.

Usage cases

For example, the new Fuse pool enables a user to deposit staked SDT (xSDT) to use as collateral to borrow FRAX and deposit it into Passive FRAX strategy to enjoy additional yield on top of their yield, they could then utilise their proof of deposit token from the FRAX strategy as collateral to borrow FEI… (see where we’re going with this).

Assets loaned as collateral can be liquidated in the event of a market downturn, so it’s crucial that lending/borrowing positions are actively monitored.

Users can now lend SDT, xSDT, sd3crv, sdeursCRV, FEI and FRAX on the Stake DAO Fuse Pool to receive yield, and borrow FRAX, FEI, sdeursCRV, and sd3CRV against their lending collateral (supply balance) paying interest on their borrow position.

About Stake DAO

Stake DAO  aims to be a one-stop shop for supercharging your crypto. Instead of finding and learning how countless DeFi providers and their often not-so-user-friendly sites work, users can get access to interest earning, borrowing, trading, and even buying and selling with credit cards and bank accounts, all in one place. Stake DAO’s developers have even managed to include non-fungible token (NFT) trading into the platform.

About Rari Capital

Rari Capital was founded upon a principle whereby yield could be generated without speculation, and instead: utilization. Rari Capital is managed by the $RGT which manages governance over all of the Rari Protocol, a DeFi robo-advisor for maximizing yield.