The new 6 Stablecoins Index Pool is now Live on Balansol, powered by Sentre.

With this 6-stablecoin index pool, users will be shielded from the volatility of the crypto market while also earning a lovely return on  their investment.

The pool includes six stablecoins: USDC, USDT, PAI, USD, USDH, and USH.

Why choose a Stable Index Pool?

Stable pools are a great way to increase capital efficiency for like-kind swaps. These pools are designed specifically for assets that trade at a similar price, so traders and liquidity providers can take advantage of the pool’s stability to make better trades.

By investing in a basket of different stables, you are less exposed to the volatility of any particular coin. This can help mitigate some of the risks associated with investing in cryptocurrency.

Another benefit of investing in a Stable Index Pool is that it gives you exposure to a wider range of projects than if you were just buying individual coins. By holding LP tokens, you are effectively invested in every project that makes up the pool.

Balansol stable pools, like Balancer, have the advantage of being plugged into the same protocol as weighted pools. Trades are much more efficient because all of the tokens are stored in the same vault.

How to deposit in Balansol’s Stable Index Pool

It’s time for your investment in the 6-stablecoin index pool! This pool is a great way to diversify your portfolio and get exposure to some of the most popular stablecoins on the market.

• Install Balansol

  Then, search for the pool address below: HCoxPbYLG4ayAn4iXHdhouJPG2qwH4uVhKFMRJpJaEnpOr look for the pool on the pool dashboard.

• Start depositing

Click on the “Deposit” button to start your investment in the pool.

• Add your deposit amount

A window will appear below, where you can enter the number of tokens you want to deposit. The number of LP tokens you will receive is list at the bottom. When you are finish, press the “Deposit” button.

Once you’ve completed these steps, you will be automatically enroll in the pool and will start earning rewards based on the performance of the underlying assets.

After you deposit into the pool, you can track the TVL (Total Value Locked), APY (Annual Percentage Yield), and look for your LP in contribution on the top of the dashboard.

About Sentre Protocol

Sentre Protocol is a DApp Store for All Things Solana where:

• Users can install and use their favorite DApps on a single platform;
• Developers and partners can deliver their DApps through Sen Store, fully use available resources and contribute to the platform with no restriction.

Website | Twitter

SOURCE

https://academy.sentre.io/6-stablecoins-index-pool-balansol/

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Sen Store – The DApp Store for All Things Solana! This is where you can explore and use new and reliable DApps, earn hefty profit, discuss and govern with other stakeholders, everything in one single platform.

Which DApps are on Sen Store?

Sen Store has 20+ available DApps that can cater to almost any need of a Web3 user. Take a look at our collections!

Utility

For users

• Any Arts: This NFT Aggregator helps you buy Solana NFTs on Magic Eden with 0 SOL – and earn special prizes!
• Sen Assets: Helps manage and move your assets across chains.

For projects and community managers

• Lightning Tunnel: A super fast bulk transfer tool for your airdrop and vesting campaign. Read here to learn more!
• Bulk Sender: Allows you to send tokens to numerous persons at once.

Developers

• IDL Parser: An IDL (Interface Definition Language) parser for developers, helps parse IDL files and outputs intermediate class objects.

Liquidity

Sentre DApps

• Balansol: A Balancer Pool Model on Solana that offers index funds pools, LBPs for new projects, and swaps on Jupiter.
• Sen Booster: Allows you to sell your LPT for SNTR at a better price than the market offers. Click here for more details.
• Sen Farming: The DeFi field of profit for yielding – Stake and Farm for incredible APR. Click on to read more about Sen Farming V2!

Partners’ DApps

• Hedge: Hedge is a lending protocol built on Solana. With Hedge, users can access 0% interest loans by depositing collateral for the stablecoin USH.
• Lido: Liquidity for staked assets. Lido allows users to stake their assets for daily staking rewards and mint-staked tokens across the DeFi ecosystem.
• Saros: Saros is a decentralized and permission-less platform to swap, stake, and invest with the low-cost, high efficiency, and ultimate experience.
• Solend: Solana’s autonomous interest rate machine for lending.
• Sypool: Synthetic Asset Pools Management with tokenization, profession, quant fund, and “Bi-token” system.
• Zeta Market: a Solana Options Trading Platform allows users to properly hedge risk against crypto market volatility and events.

DAO

• InterDAO: InterDAO is a customizable DAO tool on Sentre that helps create and manage your own DAO easily. Read more here to learn more about InterDAO and how to use it!

GameFi

• Aurory: a free-to-play, tactical, turn-based JRPG built on the Solana blockchain.
• DeFi Land: a multi-chain agriculture-simulation game created to gamify Decentralized Finance.
• Mini Royale: a web browser game with battle royale game mode. The game comes with 3D graphics and a unique style.

What can you do on Sen Store?

Our main core provides users and partners with a variety of features to assist them in finding the best products and services for their needs.

Users

Switching between multiple DApps everyday can be time-consuming and costly. With Sen Store, you can forget about these problems! Our platform provides users with a one-stop experience:

• All-in-one platform: Play games, earn tokens, buy NFTs, trade with lower fees, farm and stake for high profit, join your favorite DAOs, and more!
• Manage your space: Install and organize your DApps for quick access.
• One-time wallet connect: Connect your wallet once to use all DApps on Sen Store.
• Review and vote to list DApp: Bring your favorite DApps on the Store! All you have to do is vote, and we’ll take care of the rest.

Partners

Whether you’re a solo player or a team of builders, Sen Store is the perfect place to get started!

• Build your DApp at 5x speed with our Senhub resources
• Access available liquidity on the platform, right at your fingertip
• Reach a quality community of active users who would give constant and valuable feedbacks to your project
• Learn and earn with our annual Coding Camps and Hackerhouses

About Sentre Protocol

Sentre Protocol is a DApp Store for All Things Solana where:

• Users can install and use their favorite DApps on a single platform;
• Developers and partners can deliver their DApps through Sen Store, fully use available resources and contribute to the platform with no restriction.

Website | Twitter

SOURCE

https://academy.sentre.io/introducing-sen-store/

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The post Sen Store – The DApp Store For All Things Solana appeared first on Smart Liquidity Research.