Use yield bearing tokens to borrow LAMBDA

Provide collateral and borrow LAMBDA.

  • Initally supported tokens include wsSPA and yvFTM. More yield bearing tokens will be updated after initial launch.

  • A chainlink price oracle will be used to determine the market value of the underlying collateral.

  • Repay borrowed LAMBDA at any time

  • We will update details on interest, borrow fees and liquidation fees before the launch.

  • Each debt position is isolated to its associated token pair.

The market price of underlying tokens can be volatile. There is always risks of liquidation. We will have a Maximum Collateral Ratio (MCR) of 75%.

Yield bearning tokens with stable coins as underlying can have MCR up to 90%. An example is the yvToken of a Yearn vault comprised of only stable coins.

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