Ithil is harnessing the power of boosted LPing on Balancer!
The team at Balancer Grants subDAO is proud to announce the approval of the grant application by Ithil to create a DeFi investment strategy based on Balancer and Aura.
Ithil empowers DeFi users to run complex strategies in a single click, using their own and/or borrowed funds on a variety of external protocols. The grant will fund creating a strategy using Balancer and Aura to allow more people to LP into Balancer and earn single-sided APY. It will allow people with small capital (whose generated APY would be insufficient to repay for gas) to enter the Balancer ecosystem and earn profit, enlarging the possible user base.
Balancer Grants is excited to work with Ithil to offer new investment opportunities. Users will be able to easily enter single-sided positions using Ithil’s strategy and Balancer pools. We hope a successful integration with Ithil and Aura will benefit LPs and possibly lead to future collaborations. Balancer is proud to be one of the first strategies in Ithil’s DeFi hub launch. — Jaynapier, Grants Committee Member and Community Baller
Ithil will harness the power of boosted LPing on Balancer and earn extra yield from Aura rewards.— OxMarco, Ithil co-founder
About Ithil
Ithil enables DeFi users to perform complicated strategies with a single click on a variety of external protocols, utilizing their own and/or borrowed funds. The strategies available range from boosted staking to single-sided liquidity provisioning on dexes and all can be executed and tracked using the same UI. This streamlined procedure enables users to easily enter any boosted position while Ithil does all of the hard computations and fully leverages DeFi composability.
Curious about Ithil? Read up and engage with us through here: https://linktr.ee/ithil_protocol
About Balancer Grants
The BAL Grant program is one way BalancerDAO promotes the development of the Balancer Protocol and Ecosystem.
The BAL Grant program provides support and funding ($1K — $100K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.
Apply now!
If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form. You can also check out our RFP page for inspiration!
Do you have marketing/sponsorship related opportunities you would like to discuss? Please check out the Marketing subDAO here and its own application form here.
For further questions about how the Grants subDAO works, check out the grants page, follow us on Twitter, or send an email to grants@balancer.community.
