@UseLocate’s token $LOCATE is live.
CA : 0xd23fe12ef27c6839d5d6d35e706d8a99400debe2
Lend USDG, borrow against supported assets and follow onchain activity from other users.
Creator fees are paid in ETH to wallets lending at least 25 USDG to our markets and holding 250,000+ $LOCATE.
Built on @Morpho, on @RobinhoodCrypto
https://t.co/m5hgQBOWp5
This wallet added 35,000 $PONS as collateral using @UseLocate and borrowed 4,000 USDG in the same transaction.
Access to USDG on $LOCATE while keeping exposure to PONS, without selling their tokens.
See it onchain:
https://t.co/LKil08zomu
From your wallet to a lending position and back.
In this walkthrough, we supply USDG on @UseLocate, view the position in our portfolio, then withdraw to close it.
Every step is approved in your wallet. Watch the full user experience below.
$LOCATE
Lend USDG and earn USDG.
When you supply USDG to a lending market on Locate, borrowers pay your yield in the same asset. Your position earns the market’s variable supply rate.
Choose a market, supply your USDG and follow your position on the portfolio page.
A closer look at the markets.
See lending, borrowing and collateral deposits across supported markets on @UseLocate’s activity page.
Filter by market or action, explore the amounts and open the onchain transaction for the details.
Your can see beyond your own positions
USDG doesn’t have to sit idle in your wallet.
Through @UseLocate, you can supply it to a lending market and earn interest from borrowers.
Simply choose a market, review its terms, approve the setup in your wallet, and supply your USDG.
Borrowers post collateral such as ETH or INDEX and pay interest in USDG.
Meet @UseLocate
Your assets, but more possibilities.
Lend your tokens to earn interest or borrow against assets you already hold.
Onchain lending and borrowing on @RobinhoodCrypto, built on @Morpho
This is just the introduction! More soon.