Leverage Yield Protocol Sector Has Been Slow (For the Most Part), But
One Protocol Continues to Grow its TVL While its Price has been Stagnant for the Past 30 days
๐งต Introducing Extra Finance & its Farming Event
.@ExtraFi_io is a Leverage Yield Strategy Protocol Native to @optimismFND
Since its launch in May, it has continued to garner over $24m TVL. This is 4-6x larger than the average peers' TVL
Extra is able to achieve this milestone due to its Juicy Stable LP Strats
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Extra offers
Ease of Use
โจ 1-Click Farming UI/UX for Neutral, Long/Short Strats
โจ Users Choose to Supply any of the Assets in an LP
โจ Auto-converts what users Supplied & Borrowed into LP
Transparency
โจ PnL Simulation
โจ Comprehensive Summary on Key Parameters
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Extra's Lending Pools can only be borrowed by Leveragoors for their Farming Strategies
Extra is able to offer high APY on its Lending Pools due to its High Utilization Rate of each Strat
Meaning there's High Demand on a lot of Extra's Farming Strategies
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Users can Leverage Farm up to 100% APY on Stable LP Pools
Top 3 Stable Strats are
โข USDC-DOLA โจ 20 - 100% APY
โข msETH-WETH โจ 16 - 80% APY
โข USDC-MAI โจ 8 - 24% APY
Users can also opt to Passively Lend to Leveragoor for 5 - 15% Real Yields APY + $Extra Rewards on Top
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But Wait! That's not all,
"ExtraFi ๐๐๐ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ง๐ญ ๐๐จ๐ฎ๐ง๐ ๐: Find the Next Farming Guru Event" event has started
All farmers will ๐ฌ๐ก๐๐ซ๐ ๐ ๐ฉ๐จ๐จ๐ฅ ๐จ๐ ๐,๐๐๐,๐๐๐ $๐๐๐๐๐ (~$32,000 at current price) for the span of 4 weeks
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Rewards will be given to
โข Top Farming Addresses By TVL: 720,000 $EXTRA in total
โข Top Farming Positions By PnL(%): 120,000 $EXTRA in total
โข Top Farming Positions By PnL(USDC): 360,000 $EXTRA in total
The event will last over 4 periods with first period Aug 10 - Aug 16
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Eligibility
โฑ Both positions opened before and during the event period are eligible for rewards. It does not mean that positions must be held continuously for 7 days
โฑ Reward alloc is based on the average daily TVL&PnL on Leaderboard
Participate: app.extrafi.io/farm
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