Introducing Leverage Staking
Staking also referred as delegation is most popular mechanism to participate in DeFi. Staking in POS protocols helps secure network and users are incentivised for participating in staking.
Leveraging is an old but effective finance technique which involves borrowing of assets for buying new assets.
Leverage Staking = Borrow + Stake
We introduce leverage staking DeFi strategy which involves borrowing of assets for staking. This strategy will help users who wants to participate in POS protocol but lacks funds for participation. This strategy is profitable as returns from staking is more than interest paid for borrowing.
💰 Staking Return > Borrow rates
How it works?
This Leverage staking strategy allows borrowing of assets from Lending protocols like Aave, if needed convert it with 1inch to desired staking token to stake it to POS protocols. Whole strategy is executed in a single transaction.
As of today, we are live with Leverage Staking Strategy for GRT and MATIC. We are also working on adding support of below staking protocols:
- Lido for ETH staking
- Livepeer
- Nucypher
- Audius
Join our discord and twitter for more discussion and participating in designing advance DeFi strategies
Try out our Beta App and share some feedback with us. ❤️
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