NEW FEATURE: Leverage Function Has Arrived For Our Earn Product
Hello SOFA friends!
We are thrilled to announce the latest feature enhancement to our Earn product as we continue to improve our product offerings.
One of the strongest product feedback we’ve received is whether we can iterate on our current Earn product to allow for further upside yield to express a higher conviction view. As such, we have now built-in a ‘leverage’ function as a toggle option, where users will have the chance to enjoy significantly higher upside yields at the expense of forgoing a base yield and risking a very small portion of their initial deposit. Think of it as an option to enjoy substantially better upside by putting a ‘little more skin’ in the game.
Once again, the OG Earn product remains unchanged in its current form, and the leverage feature is a 100% user-defined selection as a response to user demand.
Furthermore, to accommodate the new product sub-group, the airdrop weights will be adjusted to 20:20:1, respectively, for our Earn/Leverage/Surge products. Naturally, Leveraged products will see a higher premium value per equivalent notional vs the base Earn form, helping to mitigate the downside scenarios with higher RCH airdrops.
The feature is now live, and we encourage our users to try it out and give us your feedback on what you think!
— — SOFA.org team
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