Palm Finance provides more efficient yield acceleration solutions for the innovative assets of Web3.
Palm Finance is a cross-chain deployed cross-margin lending protocol that allows users to borrow up to 22x against their portfolio of NFTs, LP tokens, interest-bearing token, and base assets in a single debt position for 0% interest.
Vision & Mission:
To provide more efficient yield acceleration solutions for the innovative assets of Web3,
To become the favorite asset yield accelerator of users in the Web3 era.
To bring more usage scenarios and sustainable liquidity for DeFi and future tokenized assets that will arise throughout the growth and evolution of web3.
By depositing collaterals on Palm Finance, you can borrow PUST with 0% interest, an overcollateralized stablecoin that can be swapped for other assets, which enables you to re-invest into Palm Finance and build leveraged positions.
When interest-bearing tokens are deposited as collaterals onto Palm platform, the farming and staking rewards will still be collected and compounded automatically for you.You earn the yields while opening up numerous leveraged farming strategies.
At any time, 1 PUST can be redeemed with $1 of the underlying collateral less the redemption fee. Palm Finance is built on Liquity's economic model to ensure peg stability and efficient clearing.
How to participate in Palm Finance?
There are three kinds of role you could play in Palm Finance:
👩🌾 Borrower: Deposit your assets as collateral and borrow PUST from Palm Finance. You can borrow and open up to 22x against your collateral.
🏄 Liquidator: Find the Asset Portfolio under the risk and liquidate it,you will earn rewardas for protecting the system healthy and that PUST always backed by sufficient assets.
👳♂️ Redeemer: On Palm Finance you can practice arbitrage by redeeming collaterals on Redemption List.