Midas Capital x StellaSwap
Strengthening the Moonbeam ecosystem at Midas Capital, we are delighted to announce the StellaSwap pool. With this pool, users can collateralize their LP tokens to borrow Wormhole-wrapped USDC and enable hedging and leveraged LP strategies.
StellaSwap is a hybrid DEX that features a standard, stable and concentrated liquidity AMM to facilitate the most optimal price discovery for assets on Moonbeam. As an integrated gateway, users can access the ecosystem with ease through their native bridge, swap-for-gas feature, as well as various DeFi opportunities.
Stellaswap and Midas have teamed up to incentivize the pool to source the initial liquidity. Certain deposits in the pool will be incentivized with STELLA rewards.
About the pool
Initial pool structure:
Collateral: STELLA (50% LTV), USDC.wh (80% LTV), DOT.xc-GLMR (65% LTV), USDC.wh-GLMR (65% LTV), WBTC.wh-GLMR (70% LTV), WETH.wh-GLMR (70% LTV)
Borrowable: USDC.wh, WGLMR
Access The Pool
Unique Yield-Generating Opportunities With ERC-4626
Using the ERC-4626 tokenized vault standard, Midas seamlessly integrates with multiple protocols across DeFi to bring unique yield-generating opportunities to the users right in Midas pools. In the Stellaswap pool, users can collateralize a variety of LP tokens to borrow USDC and increase their exposure to the LP tokens or use that liquidity to participate in other DeFi strategies.
Moreover, once supported assets are deposited in the pool by a user, the Midas protocol automatically redeposits these tokens into respective Stellaswap pools for additional rewards that can be claimed directly on the app’s UI. This means the collateralized token is earning rewards even when the user borrows against it.
About StellaSwap
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
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About Midas Capital
Midas Capital is bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, and protocols to create customized and isolated pools for lending and borrowing any asset, Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters (interest rate curves, oracles, collateral factors, pool fee, etc.) according to their risk appetite. With isolated pools, Midas offers stellar features for large-scale institutions, protocols, and traditional investors.
