Introducing Meow Finance Protocol
Meowcome to Meow Finance people!🐱👋🏼 First of all, let us introduce ourselves. We are the DeFi Long/Short trading via leveraged yield farming and lending platform on Fantom chain. We aim to provide users an experience of yield farming with their desired leverage, including the capability to perform Long and Short strategy, created on Fantom Opera framework where it builds and connects Ethereum-compatible blockchain network.
Meow platform has passed the very security audit by Inspex, a cybersecurity professional service that specialize in Blockchain technology and smart contract. Your security is of course our first concern and responsibility!
What are its pros?
ღ Leverage yield farming with LOW gas fee
ღ No withdrawal and deposit fees!
ღ Several choice of vaults, allowing for short and long trading strategy
ღ Take profit / Stop Loss function (Phase 2)
What are the main features?
In Meow Finance, there are 2 main ways with its strategies you can make your assets grow which are Farming (borrow) and Lending. We are providing 7 asset vaults of FTM, BTC, USDC, fUSDT, DAI, wETH, and BOO.
Users can lend FTM, BTC, USDC, fUSDT, DAI, wETH, or BOO in order to receive ibToken and stake them to earn $MEOW reward
- Deposit FTM to get ibFTM
- Deposit wBTC to get ibwBTC
- Deposit USDC to get ibUSDC
- Deposit fUSDT to get ibfUSDT
- Deposit DAI to get ibDAI
- Deposit wETH to get ibwETH
- Deposit BOO to get ibBOO
2. Farming (Borrow)
Users can borrow FTM, BTC, USDC, fUSDT, DAI, wETH, and BOO for leveraged liquidity adding (leverage up to 3x) on SpookySwap to earn trading fee and yield farm APY%
There are 4 farming strategies you can adapt yourself as following;
Strategy 1: Farm With No Leverage
You can farm SpookySwap LP token pair on the available pools with no leverage or just 1x.
- For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1 leverage .it means there’s no leverage or liquidation for Sam’s position. Sam will get to do the normal yield farming without having to lose his time doing the whole process of yield farming (Add liquidity+Stake)
Strategy 2: Farm With Leverage
You can regularly farm SpookySwap LP token pair on the available pools with leverage of x1.5 x2 x2.5 x3 in a minimum borrowed amount we require for each vault.
- For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1.5 x2 x2.5 x3 leverage which means Sam will borrow some of the assets either FTM or USDC on his choice. Sam will face the liquidation risk but also have more chances to earn more yield.
Strategy 3: Open Long Position
You can farm Token-Stablecoin pair (for borrowing Stablecoin) to open LONG position when expecting that the Token’s value of that pair will increase as a bullish point of view, with leverage more than x2 in a minimum borrowed amount of $100
- For example, Sam is bullish on FTM so he wants to go long for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing USDC. The more leverage the more FTM amounts he goes long on this position.
Strategy 4: Open Short Position
You can farm Token-Stablecoin pair (for borrowing Token) to open SHORT position when believing that token’s value of that pair will decrease in the near future, with leverage more than x2 in a minimum required borrowing amount
- For example, Sam is bearish on FTM so he wants to go short for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing FTM, the more leverage the more FTM amounts he goes short on this position.
Pool on SpookySwap
FTM Yield Farming Pool:
BTC Yield Farming Pool:
USDC Yield Farming Pool:
fUSDT Yield Farming Pool:
DAI Yield Farming Pool:
ETH Yield Farming Pool:
Work Factor / Kill Factor
Work Factor : 70%
Kill Factor : 83.33%
Borrow Interest Rate
Utilization rate 0–50%, interest rate goes from 0%-25%
Utilization rate 50–90%, interest rate is fixed at 25%
Utilization rate 90–100%, interest rate goes from 25%-100%
Minimum Debt Size
- FTM: 50 $FTM
- BTC: 0.003 $BTC
- fUSDT: 100 $fUSDT
- DAI: 100 $DAI
- wETH: 0.04 $wETH
- USDC: 100 $USDC
- BOO: 5 $BOO
Users can add MEOW-FTM SpookySwap LP to receive LP token for staking and earn more $MEOW as a reward.
$MEOW address: 0x41F4CC9613E31d4E77C428b40D53537Da24264Ee
For Meow community, let’s build our home together by joining and following us on social media. All the updates will be announced there so keep an eye on and chitchat with us! Meow😽
🤳Meow’s Links you can’t miss:
🐾Official Website: https://meowfinance.org/home