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Desk Defi Finance is an open finance platform that aims to extend the capabilities of liquidity provision, enabling new streams of yield.Claim 1 DESK
The Desk Defi Protocol’s primary objective is to create a novel use case for unused Liquidity Provider (LP) tokens by allowing them to be used as collateral for lending. Users will be able to deposit LP tokens onto the Desk Defi platform and receive stablecoin loans in exchange, while their LP tokens continue to earn from Uniswap’s rewards.Join Airdrop
When staking in liquidity pools (e.g. Uniswap, SushiSwap etc.), users must deposit a 50/50 amount of two digital assets, such as ETH/WBTC in order to earn swap fees through LP tokens. This can be looked at as a simplified index fund that balances itself automatically to be the same value in both assets.
When swap fees in these liquidity pools cannot compensate for loss of value of the dynamically changing value of the LP asset, this results in a net loss for the user.
This is the mission of Desk Defi Finance: to transform the way we utilize our liquidity into a diverse, multi-dimensional state that allows for a greater potential for yield.
Desk Defi Finance allows for anyone to permissionlessly collateralize their LP tokens and borrow stablecoins.
When a user deposits LP tokens for a collateralized loan, those LP tokens will be put to work, earning yield while borrowing. The Desk Defi protocol will utilize the collateralized LP in simple yield strategies on other DeFi platforms such as SushiSwap, Curve, Balancer, etc. to make negative interest loans possible.
The $DESK token is a rewards token that will be initially distributed to early users and stakeholders of Desk Defi Finance.
Name - Desk Defi
Symbol - DESK
Decimal - 18
Supply - 5,000,000
Desk Defi Finance maintains a robust and resilient platform, with auditors regularly monitoring its contracts for security and potential attack vectors.Claim Airdrop
Commencement of Desk Defi liquidity mining and interest-earning for LP token deposits
Desk Defi Protocol participants will be able to lend and borrow stablecoins backed by these yield-bearing assets.
Enabled through the Polkadot blockchain’s capacity to bridge to other chains
Bridging of yield strategies for various stablecoins such as yCRV, subsequently allowing users to earn Desk Defi Tokens for utilization
Users can collateralize Balancer LP tokens to borrow stablecoins
Users can earn Desk Defi through Balancer LP token deposits
Desk Defi will be expanding its LP token base to include LP tokens from other platforms, such as SushiSwap, Balancer, etc.
Liquidity will add on the Pancakeswap exchanges at March 31, 2022.
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Min Buy 0.01 BNB = 8 DESK
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