@karter_web3@initia Actually, we set the deposit cap to ensure the yield has a floor of ~12% when it's maxxed out.
Which is much higher than the market rate of 3-6%.
Whenever we increase the cap, we also increase incentives to ensure no yield dilution 🫡
As a reminder: xINIT emissions to xINIT-INIT LP holders stop April 23.
DN INIT is where that yield continues, hedged and unbothered. Migrate your LP before then to keep earning.
Deposit here: https://t.co/0RoTujs3Ql
DN INIT deposits iUSD as collateral on Echelon, borrows INIT, and LPs into xINIT-INIT to earn VIP.
The long LP and short borrow zeros out price action on $INIT.
What's left is the yield: LP fees, Initia incentives, and VIP rewards.
Idle stables are a choice. Your iUSD earns 0% sitting still.
Deposit with Cabal to put it to work by incentive farming + lending on @EchelonMarket, with rewards auto-compounded back to iUSD.
https://t.co/oJ1yJKe47G
sxINIT is now enabled in E-Mode.
Users can supply sxINIT and loop against it with up to 85% LTV, increasing capital efficiency for INIT-based strategies.
Powered by @CabalFDN on @initia.