¡ HOLLAR está aquí ! Congrats to the @hydration_net team on this major delivery. It's another step forward for DeFi in the Polkadot ecosystem. Here's a strategy to put your $vDOT to work👇
HOLLAR is HERE 🔥 Hydration’s native, decentralized stablecoin currency Built on battle-tested code (AAVE) with additional peg-support by the HOLLAR Stability Module Get HOLLAR today:
Go to BORROW: 1️⃣ Supply $vDOT - You keep earning vDOT APY and compounding staking rewards 2️⃣ Borrow $HOLLAR with a safe health ratio. Safety 1st as always.
3️⃣ Go to STRATEGIES:
4️⃣ Select asset = HOLLAR - what you just borrowed previously 5️⃣ Pick your Hollar strategy between the different stable reserves 6️⃣ ADD LIQUIDITY
7️⃣ Go back to BORROW and check your positions 👉 You earn the difference between HOLLAR borrow cost (5% APY) and the supply yield (17.35-19.36% APY) 👉 You keep earning 11.55% APY with your supplied vDOT
🟢 Pros: Earn honest APY while retaining your LST assets for the Bull Run. 🟠 Cons: Supply and/or borrow caps are maxed out preventing you from executing the strategy, and you need to monitor your positions.
HOLLAR is live 🔸2M initial borrow cap hit ✅ 🔸$1 peg stable ✅ 🔸Rewards flowing 🌊 Hydrate your stables and earn up to 20% in GIGADOT rewards Provide USDT, USDC, sUSDS or sUSDe to start earning
If you have any good strategies, feel free to share in comments 🧠
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