Most LP'd stock just sits in the pool waiting for a trade ๐ด
On Borro it goes to work:
๐ lent to short sellers for rent
๐ฆ dollars lent to borrowers for interest
๐ฑ swap fees from every trade
๐ง $BORRO Drip at 1.5x
How it works ๐
https://t.co/P1XJupQ84n
๐พ Finally a reason to LP a stock token: Stock farms are live on Borro.
Put a stock and USDG in a farm. Traders pay you swap fees, and what the farm doesn't need to trade is lent on Borro for rent and interest ๐ธ
Plus the $BORRO Drip at 1.5x on the lent part ๐ง
https://t.co/eGBIfrGfyI
๐ $PONS, $CASHCAT and $AI just landed on Borro.
๐ Short them
๐ฆ Lend yours out and collect rent from shorters
๐ต Borrow USDG against them without selling
Each one in its own walled-off market ๐
https://t.co/P1XJupQ84n
๐ Borrowing against your memecoins, explained in 100 seconds.
๐ต Post the coin, borrow USDG, keep the upside. Repay anytime.
๐ฆ Lenders back a coin's vault and earn the interest borrowers pay.
๐ $10M+ coins only, each walled off in its own market.
https://t.co/P1XJupQ84n
๐ Borrow against your bags. Live now on Borro.
๐ต Borrow USDG against $NOVAAI, $WALLET, $DELTA or $Index without selling
๐ Short them, plus $BUN
๐ฆ Holding one? Lend it out, collect rent from shorters
๐ $10M+ coins only, each in its own market
https://t.co/P1XJupPAeP
C:\BORRO> deposit_ ๐พ
~620% APR on $1,000 of USDG today. ~810% on stocks.
The $BORRO Drip pays $17 a day to USDG lenders and $25 a day to stock lenders.
๐ผ https://t.co/P1XJupPAeP
Today's rate. Falls as others join.
The Borro team allocation is locked.
34M $BORRO sits in a public team reserve on-chain. Hires vest over 4 years with a 1-year cliff, and any other withdrawal sits in public view for 30 days before it can move. No quiet dumps. ๐
https://t.co/Qn6liPaH3Z
I just put 50m $Borro into the platform to drip out to depositors.
I have ~34m $Borro remaining and that will be locked to use as future incentives for growing the team beyond just myself as Borro scales.
Block explorer and contract on the lock to follow.
๐ง The $BORRO Drip is LIVE.
50,000,000 $BORRO is now dripping to Borro depositors over 24 months, halving every 6 months. ๐๏ธ
๐ Stay deposited and your weight grows 1x to 3x
๐ฅ Lock $BORRO for up to 2x more on top
โณ Rewards vest over 30 days. Farm and dump, and your unvested $BORRO goes to the people who stayed.
Every token is in the contract, live on-chain ๐
https://t.co/DgCiUQNFNb
Thanks for all the love and support Borro fam. Working on getting the initial depositor rewards up and running and shipping some more upgrades throughout the day.
Stay tuned.
โฝ๏ธ Borrow ETH is live on Borro.
Post your stock tokens, borrow ETH against them, and see your liquidation price before you sign. Your stock keeps earning rent while it's posted.
Lenders: put ETH to work in the new Borro ETH vault. ๐ฆ
https://t.co/P1XJupPAeP
๐ Leveraged longs are LIVE on Borro.
Pick a stock. Slide your leverage. See exactly where you'd get liquidated before you sign. One transaction to open, one to close. โก๏ธ
๐ Up to 1.8x on SPY, QQQ, NVDA
๐ฏ Up to 1.35x on TSLA, PLTR, COIN, MSTR, GME, SPCX
๐ฐ Your stock stays lent out while you hold, so shorters pay you rent on your own position
Bulls and bears. Same app. ๐๐ป
https://t.co/eGBIfrGfyI