Holding promising cryptocurrencies but lacking liquidity? Instead of cutting losses and selling, why not try a different approach.
Lock your crypto assets into a smart contract to mint synthetic stablecoins (like USDf), allowing you to maintain the upside potential of your original assets while gaining on-chain usable liquidity. Simply put, it's like "borrowing" a portion of your asset value in advance without sacrificing your position.
**How does it work?**
Step 1: Choose acceptable collateral—mainstream cryptocurrencies, stablecoins, or even on-chain RWA tokens—and deposit them into the vault.
Step 2: Based on the value of your collateral, mint a corresponding amount of synthetic stablecoins.
The benefits are clear—while retaining ownership of your assets, you can flexibly access funds. Bullish on the market? Hold on. Need to trade? Stablecoins are always available. Your risk exposure and yield mechanisms are entirely under your control.
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LiquidityHunter
· 8h ago
Wow, isn't this just a rebranded lending protocol? I've played with it before, but the risk isn't easy to quantify.
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SelfStaking
· 8h ago
Hey, I like this logic. You can gain liquidity without having to cut your losses. So satisfying!
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GovernancePretender
· 8h ago
Well, I've been using this approach for a while, but I'm a bit concerned about the risks of smart contracts. After all, code is law—if something goes wrong, who will compensate?
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LuckyHashValue
· 8h ago
Hmm, this idea is indeed good. Much smarter than those who are forced to sell at a loss.
Holding promising cryptocurrencies but lacking liquidity? Instead of cutting losses and selling, why not try a different approach.
Lock your crypto assets into a smart contract to mint synthetic stablecoins (like USDf), allowing you to maintain the upside potential of your original assets while gaining on-chain usable liquidity. Simply put, it's like "borrowing" a portion of your asset value in advance without sacrificing your position.
**How does it work?**
Step 1: Choose acceptable collateral—mainstream cryptocurrencies, stablecoins, or even on-chain RWA tokens—and deposit them into the vault.
Step 2: Based on the value of your collateral, mint a corresponding amount of synthetic stablecoins.
The benefits are clear—while retaining ownership of your assets, you can flexibly access funds. Bullish on the market? Hold on. Need to trade? Stablecoins are always available. Your risk exposure and yield mechanisms are entirely under your control.