Recently @liquityprotocol announced a collaboration with @lagoon-finance.
In my previous post, I explained how you can borrow BOLD against Eth or any liquid staking coin you have.
Now you can earn yield/returns using the $BOLD borrowed by simply depositing into @lagoonfinance vault up to 13.41% Apr.
If you prefer you can also swap some of your idle tokens to $BOLD before depositing.
What makes lagoon finance stand out is the fact that everything is completely automated and verifiable onchain.
There is no need for any centralised entity as everything is controlled by a smart contract.
Think lagoon finance x liquityprotocol and think:
Yield✅
Automation✅
Transparency✅
Control✅
Now you might be wondering why do I need to borrow $BOLD?
Now imagine you have a piece of land that you think might appreciate in value sometime in the future.
So instead of selling the land, you use it as a collateral to take out a loan and invest.
Now there are two things that could potentially happen.
One- your investment is profitable, you're able to pay back the loan and you get your land back (possibly appreciated).
Two- your investment isn't profitable, so in this case your collateral has to be sold to cover the loan
To borrow $BOLD, you'll have to stake Eth or any liquid staking tokens (rEth, wsEth)as collateral.
Good morning.
Some days I wake up and I'm just super energised to everything without overthinking it much she today's one of those days.
I wish you all an amazing Monday.
