Pesto
@pestofinance
Introducing Pesto🌿: a DeFi protocol that lets you short or long any token using existing liquidity from @Aave and @Uniswap.
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Pesto
@pestofinance
Pesto combines borrowing and swapping into one transaction, simplifying an otherwise cumbersome process. Borrow from Aave and sell on Uniswap in one smooth step, eliminating the manual hassle.
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Pesto
@pestofinance
Pesto also introduces a new primitive called the 'spread short', allowing users to short one asset and simultaneously long another, using only half the collateral required to achieve similar exposure through incumbent protocols.
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Pesto
@pestofinance
Key benefits of using Pesto: ✅ Lower gas costs ✅ Independent risk management ✅ Borrowing rates cheaper than perpetuals ✅ Earn interest on positions ✅ Lower liquidation risk at lower leverage
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