Gm Time Travelers! A new Premine pool is live, now on Polygon zkEVM: Lend MATIC and get rewarded for it with TIME. Starting today, Time Travelers will be able to pre-mine our TIME token by interacting with the MATIC/stMATIC pool. The pre-mined TIME tokens will be available to be claimed and traded after the token generation event. We’re sure everyone has plenty of questions, so read on till the end!
Finally, the Premine has arrived in zk-land. With this integration, users on Polygon zkEVM will enjoy boosted pools! These boosted pools will offer rewards beyond just the APR, it will also yield TIME.
What can you do with your stMATIC?
The Timeswap AMM, owing to its oracleless design, is capable of creating money markets for any token pair. These isolated pools help borrowers unlock fixed-term, non-liquidatable loans by locking their collateral tokens. The lenders on the other hand get access to fixed yields.
With the all-new MATIC/stMATIC Premine pool launch, we are enabling stMATIC to become safer to leverage. Now, stMATIC holders can borrow MATIC at dirt-cheap rates while staying isolated from any liquidation risk. This also unlocks many yield farming and leveraging opportunities.
Unlock the following with the MATIC/stMATIC pool:
- Borrow MATIC against stMATIC
- Stake MATIC when the APR is suitable
- Loop the above
- Lend MATIC to earn yields
- Enjoy TIME rewards!
Lend MATIC: https://app.timeswap.io/#/lend/polygon-zkEvm/7b880bbc-6ff3-4984-af94-0aaa9471c231
Pool Details:
The pool going live with premine will be MATIC/stMATIC pool — lenders will be eligible for rewards.
Pool: MATIC (asset) / stMATIC (collateral)
Maturity: February 14, 2024
Strike: 1.05 MATIC/stMATIC
TIME rewards for lending: 285783
The days of LP tokens and Vault shares being illiquid are gone, they’re superfluid now in line with our vision of enabling exotic assets!
Follow us:
Discord: https://discord.gg/timeswap
Twitter: https://twitter.com/TimeswapLabs
Medium: https://medium.com/Timeswap
Telegram: https://t.me/Timeswap
