What is Steadefi? Steadefi is a protocol that brings high and sustainable profits to users without under the pressure of ongoing position management or a prolonged downturn in the cryptocurrency market. So What is Steadefi? How does it work? Let’s find out in this article!
What is Steadefi?
Overview of Steadefi
Steadefi is a protocol that brings high and sustainable profits to users without under the pressure of ongoing position management or a prolonged downturn in the cryptocurrency market. With the combination and creation of strategies to optimize capital and profits.
The protocol is active on the network Arbitrum and Avalanche. In addition, the project is only supporting two types of assets: USDC and AVAX in its strategies.
Users can provide collateral to Steadefi’s vaults in segregated lending pools. To further manage risk, each lending pool is limited to its own specific vault type. And mEach vault is maintained by managers (bots), who manage risk in the vaults depending on many parameters, such as debt ratio.
Steadefi uses an interest rate equalization model for lenders where borrowers pay a fixed interest rate. That means lenders will accept fluctuating interest rates based on supply and demand of loans and lending.
Mechanism of action
Users can choose from three different types of vaults with different risk levels: AMM Swap, Perpetual Exchange and Liquid Staking. Each type of vault uses an internal lending system to deliver 3x returns.
Lending Pool
Lenders deposit assets into the Pool to receive ibTokens, which represent deposits and are used to track how much they have deposited as well as any interest earned. ibTokens balances are proportional to the stake they have in the lending pool, accruing interest per block.
Each lending group on Steadefi has its own ibToken. VFor example, if a user lends AVAX to the protocol, they will receive a corresponding balance of ibAVAX.
Between ibToken and the original Token, exchange rates are used to determine the difference in assets in the Pool. Initially the rate will be 1:1 and as assets in the lending pool are borrowed, the ibToken exchange rate will begin to increase as the lending pool earns interest in the form of native tokens. The ratio will be calculated based on the formula of the total amount of original Tokens divided by the total amount of ibTokens.
Strategy Vaults
3x Long GLP GMX
This vault is suitable for those who want to automatically aggregate AVAX/ETH profits from transaction fees on GLP and predict that GLP will increase in price in the future. Specifically, with this strategy Steadefi will use x3 leverage for capital to increase x3 profits.
3x Long AVAX-USDC TraderJoe
This vault is suitable for depositors who want to profit in AVAX, from the fees earned from the AVAX-USDC TraderJoeV1 swap, and believe that the price of AVAX will tend to increase with trading frequency high exchange rate.
Using x3 leverage on deposits, this strategy earns higher returns from AVAX-USDC swap fees as well as auto-compounding JOE rewards, while also gaining greater exposure to AVAX prices.
3x Neutral AVAX-USDC TraderJoe
This vault is suitable for depositors who want to profit in USDC, from the AVAX-USDC TraderJoeV1 pair trading fees, and believe that the price of AVAX will trend sideways with low volatility.
Using 3x leverage on deposits, this strategy earns higher yields from AVAX-USDC swap fees as well as auto-compounding JOE rewards, while reducing losses due to small price fluctuations of AVAX.
3x Long AVAX-USDC Pangolin
This vault is suitable for depositors who want to profit in AVAX, from fees for trading the AVAX-USDC pair on Pangolin, and believe that the price of AVAX will tend to increase with the frequency of swaps High. This strategy is similar to the 3x Long AVAX-USDC TraderJoe strategy, only this strategy works on Pangolin.
Using 3x leverage on deposits, this strategy earns higher returns from AVAX-USDC swap fees as well as auto-compounding PNG rewards, while also gaining greater exposure to AVAX prices .
3x Neutral AVAX-USDC Pangolin
This vault is suitable for depositors who want to profit in USDC, from fees in the AVAX-USDC Pangolin swap pool, and believe that the price of AVAX will trend sideways with low volatility.
Using 3x leverage on deposits, this strategy earns higher profits from AVAX-USDC swap fees as well as auto-compounding PNG rewards, while reducing losses due to small price fluctuations of AVAX.
3x Long Curve Tricrypto
This vault is suitable for depositors who want to automatically aggregate Curve returns from Curve Tricrypto pools on Avalanche and Arbitrum, while benefiting from price increases of Tricrypto’s volatile assets.
Using 3x leverage on deposits, this strategy earns increased yield from staking Tricrypto on the Curve Finance protocol. Yield comes from CRV inflation reward swaps and emissions voted by veCRV holders.
Development Roadmap
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Core Team
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Investors
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Tokenomics
General information about Token Steadefi
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Token Allocation
- Private: 5%
- Public: 5%
- Seed: 7.5%
- Treasury: 10%
- Dex Liquidity: 10%
- Team & Advisors: 18%
- Liquidity Mining & Staking: 44.5%
Exchanges
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Steadefi’s Information Channel
- Website: https://steadefi.com/
- Twitter: https://twitter.com/steadefi
- Discord:
Summary
So I have clarified what Steadefi is? Steadefi cryptocurrency overview. Hope this article brings you a lot of useful information!