Use your STG collateral to borrow USDC on Timeswap. Enhance your omnichain experience by utilising non-liquidatable loans!
Timeswap is part of the omnichain journey with another asset: STG! With the integration of STG as collateral, users can now put their capital to good use. We are excited to enable more assets as the Time Machine keeps growing by the day!
Travelling across time and space
Stargate is one of the first dapps to be built on top of LayerZero. It is an ambitious project that wants to make cross-chain liquidity accessible to all with safe and standardised bridging. Doing thousands of transactions and tens of millions in volumes per day, it is one of the most widely used bridges in the DeFi ecosystem.
Stargate is the first bridge to solve the bridging trilemma. Existing bridges are forced to make trade-offs on the following core bridge features:
- Instant Guaranteed Finality: Users & Applications can trust that when they successfully commit a transaction on the source chain, it will arrive on the destination chain.
- Native Assets: Users & Applications swap in native assets as opposed to wrapped assets that require additional swaps to acquire the desired asset and corresponding fees.
- Unified Liquidity: Shared access of a single liquidity pool across multiple chains creates deeper liquidity for users & applications that trust in the bridge’s reliability.
As the governance token of Stargate, STG is a sound asset that has both economic and social value. With this integration, the Time Machine is now taking you across space as well as time!
What can you do with it?
We are launching the STG token as collateral! This allows you to borrow USDC against your existing STG capital with no liquidations and at a fixed rate.
What are the possibilities, you say?
- Non-liquidatable leverage: Borrow USDC against your STG collateral. Deposit back into the Stargate USDC pool to earn more STG rewards!
- Fixed-rate hedging: Want to limit your downside from STG price volatility? Borrow USDC and hedge using STG perps!
- Superfluid capital: Unlocks the potential of STG tokens to be more than just a governance or reward token. Borrowing against it can now also lead to improved liquidity on Stargate itself.
Pool details
- Network: Arbitrum One
- Collateral asset: STG
- Supplied/borrow asset: USDC
- Transition price: 0.32 STG/USDC
- Maturity: September 27, 2023 at 12:00 UTC (~4 weeks)
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