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.

Website | Twitter |

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.

Twitter | Website |

The post Stellaswap And Midas Have Teamed Up To Incentivize The Pool appeared first on Smart Liquidity Research.

Users can provide liquidity to the Midas pool with $stkBNB, $BNB, or their stkBNB/BNB LP tokens from PancakeSwap to borrow $BNB. They can be used as collateral as such: stkBNB (75% LTV) BNB (75% LTV)stkBNB/BNB $CAKE LP (75% LTV). All LP tokens used as collateral on Midas will continue to earn yield farming rewards while in the pool. As PStake announced its Partnership with Midas Capital.

What is Midas Capital?

There are 3 parts to “Midas Capital,” and it is important to recognize the differences between each party involved.

• The Midas Capital Protocol: A DeFi protocol that is built using Smart Contracts and run autonomously on EVM compatible blockchains in order to put crypto assets to use.
• The Midas Capital UI: A web app that provides easy to use tooling in order to interact with the decentralized protocol. This interface is one of the many ways of interacting with the Smart Contracts.
• The core Midas team that will lead the protocol to full decentralization.

Midas Pools

The protocol allows users (individuals, protocols, DAOs, institutions) to choose all of their custom parameters and isolate risk, rather than using a large lending and borrowing pool on other platforms.

• Fees: By default, 10% of all interest paid by borrowers or earned by lenders is distributed to the treasury.
• Permissionless Lending and Borrowing Purpose

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About pSTAKE

pSTAKE is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets. Participate in protocol improvements and security to earn staking rewards.

At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).

Website | Twitter 

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About Midas Capital

Midas Capital is a cross-chain money market solution that unlocks and maximizes the usage of all digital assets and makes them work for you.

Website | Twitter 

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