Why We Partnered with Ashswap
We're thrilled to announce our partnership with Ashswap, a leading AMM DEX focused on stableswaps. We've always been at the forefront of innovation, and this collaboration is set to bring a plethora of new features to our platform. From offering more tokens for lending to introducing leveraged farming, we're taking your DeFi experience to the next level.
Leverage & Borrowing: The ABCs
Leverage is essentially your position size relative to your collateral. Say you have a $1000 position but only put in $100 as collateral. That's 10x leverage right there! Borrowing is the amount you took out to create that position. In this example, you borrowed $900 to get that 10x leverage.
Expanding Your Lending Options
Before, you could only lend out EGLD on JewelSwap. However, our partnership with Ashswap has diversified your lending options. Now you can lend ASH, USDT, BUSD, USDC, SEGLD, JWLASH and JWLEGLD and earn some juicy yields. More tokens will be added in the future, as more Ashswap Farms get added.
And the best part? Zero fees for lenders and no lockup period. Withdraw your assets anytime, as long as there's enough unborrowed liquidity.
Leveraged Farming is Here!
You can now enter Ashswap farms right from our platform. Deposit your tokens and borrow the missing ones to create leveraged positions. Furthermore, JewelSwap will boost your farming position using all the veASH we hold. Our bot will auto-compound these positions, maximizing your yield.
No one likes the word 'liquidation,' but it's crucial to understand how it works. Liquidation happens when your safety buffer hits zero. Different assets have different thresholds, so keep an eye on those numbers to manage your risk effectively. To combat liquidation, we've implemented features to minimize your liquidation risks. Our auto-compounding not only boosts your yield but also pays back your debt, reducing the risk of liquidation. It's a win-win.
The Future is Bright and Decentralized
This partnership isn't just a one-off event; it's a stepping stone to a more inclusive and profitable DeFi ecosystem. Whether you're a lender, a borrower, or a yield farmer, we've got something for everyone. So go ahead, dive into these new features and let us know what you think!
Thank you for being a part of this journey. Stay tuned for more updates, and happy farming! 🙏