New Pool in Larix Lending Launchpad
Hey Larixers! We are adding a new pool to the lending launchpad: LARIX pool! Which will go live on April 29th at 1 PM UTC.
The LARIX pool has 4 assets: LARIX, USDT, USDC, and SOL. By Supplying those tokens, you can earn dynamic APY interest. After supplying and earning APY on assets, you can then borrow against those assets, as the supplied assets are used as collateral for borrowing.
With LARIX token, now you can
- Earn interest on LARIX
- Use LARIX as collateral to borrow other assets
- Borrow LARIX against other assets
Utilizing the LARIX pool will be incentivized with the following:
$LARIX tokens depositors will be rewarded with $LARIX tokens.
Deposit/borrow SOL, USDC, USDT in the LARIX pool will be rewarded with $LARIX tokens.
LARIX pool rewards will be long-term.
For those interested in participating in LARIX pool, here’s how to proceed.
Step 1: Go to https://projectlarix.com/ Click ‘Connect’in the upper-right corner.
2. Select the wallet to use, we will use slope wallet as an example.
3.Click ‘supply’on the right side, and select which token you want to supply.
4. To borrow assets, you need to enable the ‘collateral’ button first.
5. Click ‘Borrow’ on the right side, select which token to borrow.
Larix doesn’t charge any borrow fee, which means that you do not need to pay borrowing fees every time you borrow, which is extremely convenient for loop yield farming.
More isolated asset pools will be launched very soon!