Lever Your LP Gains with QiDao Market and Beefy

QiDao has partnered with Market and Beefy to let users lever their Beefy compounding LPs on Polygon.

This partnership will offer yield opportunities for two sets of users: liquidity providers compounding their yield on Beefy and MAI holders that borrowed MAI at 0% interest.

Liquidity providers

Liquidity providers will be able to lever their LPs by borrowing MAI on Market. These LPs will compound their rewards, so levering LP tokens will also lever the rewards received. The initial LPs accepted in this market will be USDC/USDT/DAI, MATIC/USDC, and renBTC/BTC.

MAI holders

MAI holders provide the stablecoin used to lever LP tokens on Market. Since borrowing MAI can be done at a fixed repayment fee, MAI borrowers can hold their MAI debt long-term without accruing fees. This makes them the perfect demographic to supply MAI to this market. MAI holders will receive yield from lending their MAI to users levering their LPs.

How to lever?

  1. Deposit LP tokens on Beefy to compound rewards

Try it out at: https://polygon.market.xyz/pool/3!

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