Stepn Pool- New pool in Lending Launchpad

Hey Larixers! It’s Stepn Pool time!

Our lending launchpad has been upgraded with a new pool: Stepn pool! Which will go live on May 7th at 2 PM UTC.

The Stepn Pool

There are five assets in the Stepn pool: $GST, $GMT, $USDC, $SOL, and $mSOL. 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 act as collateral.

Rewards

The following incentives will be offered for participating in Stepn Pool:

Deposit/borrow assets in the Stepn pool will be rewarded with $LARIX tokens.

These incentives will run for 3 days, starting after the pool launches (05–07 2:00 PM UTC).

Tutorial

This short tutorial will show you how to use Stepn Pool.

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 you want 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!