ExtraFinance’s rise to the top has been very interesting. They’ve grown and built out a very sound product just as demand starting increasing.

Alright, so ExtraFinance’s USP is simple —> it helps users build custom DeFi strategies to earn yield w/ leverage.

e.g: deposit USDC, supply to AMM pool, deploy yield in other pool.

ExtraFi aims to attract 2 types of users

(1) absolute degens

• farm yield with leverage, PnL simulation & complete customisability.

• farm LRT points for future airdrops of other tokens.

• stake $EXTRA to earn veEXTRA voting rights & earn incentives.

• build your own strategy.

(2) crypto hoader

• lend and/or borrow stablecoins to earn a fixed APR.

• lend trending tokens to earn passively.

• bridge assets between OP and Base.

the bit that stands out clearly is the ability to essentially stack defi actions on top of each other but without the complexity.

my observations:

• the implementation needs to be simpler, it should be 2 clicks to supply in any strategy. currently it’s below par.

• all of the strategies on base use aerodrome as their AMM, which fails to provide optionality for users. Ideally, working w some degens and other yield protocols to create strategies would be a good direction to head in.

• for me, ability to add leverage is the only main reason to start using extrafi.