Liquidity Land bonus
10% Quaaloops Boost
About LoopFi
LoopFi’s mission is to unlock $60B worth of LP tokens that have not had the opportunity to be collateralized and borrowed against. This mechanism allows LoopFi to charge higher interest rates than any other lending market, making it the highest revenue generating lending market per TVL.
- Raised from Outlier Ventures, V3V Ventures, Saxon Ventures, XDC Ventures
Reward Program Details
Lender
- You can deposit ETH, USDC, BNB, WBTC as a lender and receive an lpAsset like lpETH.
- Use your lpAsset and
- stake it to receive an slpAsset which is earning the real yield from users paying interest to borrow and 2x Quaaloops
- lock it to forfeit the yield but receive 5x Quaaloops
- provide them as liquidity on Balancer to earn extra incentives + a 10x Quaaloops boost.
Base Yield & Rewards
- slpETH: currently at 16.4% APR
- slpUSD: currently at 12% APR
- Farming Quaaloops rewards: 20-40% APR (with any lpAsset)
Looper
If you hold Pendle or Spectra LP tokens of Stablecoins, LRTs or BTCfi protocols you can borrow against them and leverage them.
Currently accepted assets: