Keep3r Fixed Forex Guide
source link: https://andrecronje.medium.com/keep3r-fixed-forex-guide-38c553391c7c
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Responses
There are currently no responses for this story.
Be the first to respond.
Keep3r Fixed Forex Guide
Fixed Forex provides an alternative to USD denominated stable coins. It allows liquidity providers exposure to currencies such as EUR, KRW, GBP, CHF, AUD, and JPY.
Mint / Borrow
ib* assets can be minted / borrowed via Iron Bank, accessible on yearn.fi/lend
You can provide collateral in any assets listed on Iron Bank and borrow ib* assets.
Liquidity
Once you have ib* assets, you can become a liquidity provider in the curve.fi/factory pools. At time of writing the APY’s as per the image below;
While providing liquidity through curve.fi/factory, you will be earning CRV, and rKP3R, rKP3R is explained in this article.
While providing liquidity through convexfinance.com, you will be earning CRV, CVX, and rKP3R.
The above allows LP’s to hedge against USD risk, or simply have exposure in their own preferred currencies, while earning LP incentives.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK