Article Summary, Automatically Generated By AI
Summary of Archimedes Finance
- Experimental lending and borrowing platform built on AMMs like Curve
-
Enables:
- Lenders (Liquidity Providers) to earn sustainable higher APYs
- Borrowers (Leverage Takers) to earn up to 10x yield of yield-bearing stablecoins like OUSD
-
Key features:
- Liquidity Providers provide assets to Archimedes 3CRV/lvUSD pools and receive interest
- Interest paid in ARCH tokens and stablecoins
- ARCH rewards have innate utility and a fixed supply
</
About Archimedes Finance: Pioneering the Future of Decentralized Lending
Archimedes is a pioneering lending and borrowing platform, built atop Automated Market Makers (AMMs) such as Curve. Our innovative solution empowers: (1) Lenders (Liquidity Providers) to earn sustainable, higher Annual Percentage Yields (APYs) and (2) Borrowers (Leverage Takers) to reap up to 10x the yield offered by yield-bearing stablecoins like OUSD. By providing assets to Archimedes’ 3CRV/lvUSD pools, Liquidity Providers receive interest, which the protocol pays in various assets, including ARCH tokens and stablecoins. Unlike most Curve pools, which rely on temporary bribes and uncertain gauge allocations for APY, Archimedes’ ARCH rewards boast innate utility and a fixed supply. Leverage Takers can borrow from these pools to create leveraged positions on appreciating meta-vaults (such as OUSD). Each leveraged position is wrapped with a unique NFT, allowing users to trade these NFTs without the need to unwind the position.