Borrow $USG against productive assets, starting with @CurveFinance LP tokens. discord.gg/tangentfinance | t.me/tangentfi
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Introducing $USG — the next evolution of CDP stablecoins.
Backed by @CurveFinance LP tokens and @pendle_fi PTs, $USG is set to push DeFi further.
A new frontier awaits.
Details below.
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Among $frxUSD Peg Keeper pools with over $1M in TVL, USG/frxUSD is the one offering the highest returns.
Links to deposit below 👇
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Tangent retweeted
Some good yield numbers again this week. 🕶️
news.curve.finance/curve-bes…
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We designed $USG so it can handle stress and even profit from it.
The graph below shows how it responds to pressure 👇
Some interesting data showing how $USG’s peg defense behaves 👇
Yesterday, following a large withdrawal from a pool, $USG dropped to 0.9911. Immediately after, rates climbed to unsustainable levels for borrowers in both the LEC and HEC markets.
Net leveraged yield turned heavily negative, and borrowers started repaying and/or self-liquidating, pushing $USG back into safe territory. Meanwhile, the protocol made significant fees.
Does it suck for borrowers who didn’t repay? Not really, as they paid high interest for less than 2 hours. On the other hand, those who liquidated cashed in an extra profit by buying $USG low!
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$BTC carry anyone?
Here is how to make up to 15% APR from $BTC while farming both @Tangent_fi and @re:
1️⃣ Borrow $USG on Tangent’s cbBTC/WBTC market. The collateral yields 3.78%, and the borrow rate is fixed at 6.5%.
2️⃣ Park your freshly borrowed $USG into $sUSG (10% APY) or the sUSG/reUSD LP (21% APR).
3️⃣ Monitor your loan to avoid liquidation. That’s it.
Below is the net yield (borrow cost included) depending on your LTV. 80k $USG still available on this market 👀
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$100M+ has been moved through Tangent since launch.
A significant milestone, and we’re just getting started!
Congratulations to everyone who made this happen!
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Tangent’s first fixed-rate market is live!
You can now borrow $USG against the cbBTC/WBTC @CurveFinance LP token at a fixed 6.5% APY.
No term, no maturity. Just a fixed rate! Link below 👇
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🌐 Market: app.tangent.finance/0x4903F0…
This market is a Fixed Interest Rate (FIR) market. Learn more: docs.tangent.finance/docs/us…
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Tangent retweeted
Stake DAO strategies are back above $100M in TVL.
Deposit your @CurveFinance LP and collect more ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 on it, boosted by Stake DAO's mutualized veCRV, with no CRV to lock yourself.
Deposit interface: app.stakedao.org/
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Tangent retweeted
Introducing Fixed Interest Rate (FIR) markets.
No term, no maturity. Just a fixed rate.
Next week. Details below 👇
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Introducing Fixed Interest Rate (FIR) markets.
No term, no maturity. Just a fixed rate.
Next week. Details below 👇
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FIR markets use the already-existing Tangent tech stack.
Docs: docs.tangent.finance/docs/us…
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Best net yields at max leverage on Tangent right now 👇
This week, 3 pools from @ResupplyFi made it to the top 5!
Note: Only the reUSD/scrvUSD and RLUSD/USDC markets still have capacity.
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Congrats!
Metronome has fully closed the underbacking disclosed on July 30 and built a surplus of 281,774 msUSD and 262 msETH on top of it.
With backing restored, msUSD and msETH are expected to return to 1 USDC and 1 ETH.
Read more:
paragraph.com/@metronomedao/…
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