LP Finance (LPFi)

LP Finance is a synthetic asset issuance protocol focused on leveraging strategies. Users can earn up to 42% on SOL staking yields and short-sell at the lowest interest-rate on DeFi. Incentivized LP mechanism allows synthetics to maintain peg in any conditions.

Whitepaper

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Interest lvl

NA

Updated: Oct 20, 2022

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Ticker

LPFi

Type

Utility-token

FoundedCanada

Registration year2022

Office addressToronto, Ontario M2N4M1, CA

What is LP Finance

Synthetic assets have been a popular narrative in the DeFi space as it provides a route for users to perform swap with zero slippage thanks to the global-debt pool. Synthetic assets are backed by collateral tokens and usually have a stability fee to ensure users repay their loans to prevent the price from depegging. LP Finance focuses on leveraged strategies using synthetic assets to provide the best yields without harming peg-stability and scalability. New mechanisms such as incentivized liquidity providers and protocol debt vault are implemented to maximize protocol revenue and user yields.