Introducing Step Pool
We are adding a new pool to the lending launchpad: Step Pool! Which will go live on May 7th at 2 PM UTC.
There are four assets in the Step pool: $STEP, $mSOL, $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.
Users are incentivized to use the Step pool by:
$STEP & $LARIX for Step pool deposits and borrows.
$LARIX incentives will run for 3 days, $STEP incentives will run for 15 days , starting after the pool launches (05–07 2:00 PM UTC).
Don’t miss the double mining rewards!
For those interested in participating in the Step 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, 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 borrowing 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!