Wonderland x UwU Lend
UwU Lend
UwU Lend is slated to be a leader in DeFi stable yields, with the bLUSD vault allowing leveraging to triple digit APRs on top of the already lucrative LP revenue sharing model with 100% going to stakers. More vaults for Wonderland to take advantage of are coming soon!
UwU tokens can be added to the UwU-ETH LP and staked for (at the time of writing) 90% APR as genuine revenue sharing, not more UwU tokens. The majority of the APR is paid in stables. The relatively short eight week locking yield will increase our liquid backing instantly, thanks to our discount to market price. This will provide value to all holders as the protocol continues to expand.
As a supportive partner, UwU Lend allows wMEMO to be used as collateral. Our investors can utilize this to free up capital while still holding on to their wMEMO. For more information, please inquire on the UwU Lend Discord server.
Wonderland is striving to build dependable, mutually beneficial, long term relationships in DeFi. This began with using Kyberswap as our preferred DEX hosting option, delivering mining incentives for liquidity. Now, we are introducing UwU Lend as our preferred money market protocol. Stay tuned for news on other promising new projects that will help us build a strong ecosystem! A great deal of our time and attention is spent conducting due diligence on finding protocols with unique ideas, promising roadmaps, and sufficient funds in their treasuries to minimize risk to our investors’ funds.
UwU Lend Overview
UwU Lend is a fork of Aave v2, with some tokenomics updates that give it an edge. There’s a max supply of 16mm tokens, and a burn mechanism will reduce this number over time. Other similar products do not burn tokens or offer 100% revenue share to LP lockers. Very deep liquidity exists for UwU tokens as a result. Over 90% of circulating tokens are inside the LP. The majority of tokens will be released over four years at a slow rate in order to prevent overflooding the market early on, as well as provide price stability.
The UwU Lend treasury does not receive a direct cut from protocol revenue. Instead, it locks up to 20% of the LP as protocol owned. UwU tokens received are burned, reducing the supply. The treasury uses this position to participate in revenue share and accumulate other coins. This will protect protocol users including Wonderland from bad debt.
Outstanding loans have more collateral backing them than debt, known as overcollateralization. This eliminates the risk of non-payment for depositors, while borrowers do not have a repayment schedule and no limit on loan duration.
Having forked most contracts from Aave, which has been audited numerous times, UwU Lend recently completed an independent audit of its own. UwU Lend recently migrated to V2 staking contracts to enhance security and prepare for the upcoming vaults included. We are expecting a bright future!
Twelve assets are currently supported. UwU Lend offers markets for certain coins not listed elsewhere, and gives additional use cases to exotic assets as collateral, such as wMEMO, LUSD, and SIFU. The recently opened pool for Chicken Bonds (bLUSD) allows extremely profitable strategies even in this difficult market. UwU Lend is the first and only place to collateralize bLUSD Chicken Bonds by Liquity! We expect the launch of more vaults that will allow leveraging additional interest bearing assets for much higher returns.
Conclusion
Whether for simply depositing our stables to earn some APR and emissions to lower our cost basis further, earning returns on our Chicken Bond strategies, or staking LP tokens for revenue sharing — we are pleased to utilize UwU Lend as our primary, trustworthy and secure partner protocol.
Exciting times are ahead for Wonderland as the team starts to rebuild the protocol for what it was designed to be: a means for investors to stake and chill while having a committed team generate value for all holders!
