Welcoming Gummi To The Archipelago
Gummi is a leverage trading platform with an attached money market that supports any token by default without reliance on oracles. Be it ERC-20s, ERC-721s, or LP tokens, Gummi has you covered.
The Gummi protocol enables lenders to create customized isolated lending markets for any token on Berachain. This enables lenders to customize their risk tolerance and allows traders/borrowers to take 100x leverage positions or borrow at up to 99% LTV for any token. The system is optimized to provide a similar liquidity profile to Aave while isolating risk for lenders.
Gummi’s permissionless and flexible nature makes it one of the most powerful lending and leverage protocols in the industry.
For traders, they can make high-leverage trades for a number of different strategies:
- LST arbitrage
- Berachain iBGT looping
- Honey farm looping
- Liquidity for Bong Bears and its various rebases
- Leveraged yield farming
In essence, it’s a unified platform designed to fulfil all your trading, lending, and yield farming needs.
Gummi x Kodiak
Much like Kodiak, Gummi came out of the Build-a-Bera cohort and will be a Kodiak launch partner.
The main element of this partnership relates to liquidity providers. Those who provide liquidity on the Kodiak DEX can use their LP tokens as collateral which they can borrow against on Gummi. Kodiak LPs can borrow any token against their position, which gives them more flexibility and customizability over trading strategies and optimizing rewards. Gummi will also create a series of levered Kodiak LP vaults, allowing users to easily boost their yields.
Kodiak LPs that deposit their positions on Gummi will earn interest on tokens lent out while continuing to earn the swap fees on their underlying collateral. A win-win situation for Gummi and Kodiak LPs.
The Archipelago Supports the Growth of The Berachain Ecosystem
Kodiak is the native liquidity hub of the Berachain. Our vertically integrated four-product suite is designed to be the foundation of all liquidity on Berachain.
The Archipelago comprises top protocols in the Berachain ecosystem that are all aligned with Berachain’s vision. Everyone will play their part in helping grow and strengthen the ecosystem, helping Bera reach its full potential.
We are honored to be able to build long-term relationships with some of the brightest minds in this space who want to play a role in the future of Bera. We will continue to bring value, utility, and sticky liquidity to all our fellow beras.
The Archipelago continues to expand.
