Introducing Pesto🌿: a DeFi protocol that lets you short or long any token using existing liquidity from @Aave and @Uniswap.

On-chain derivatives via Aave and @uniswap

Join our Telegram group - https://t.me/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.

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

Want to short BTC? Here's a quick example. At current price of $70,000, deposit $7,000 USDC in Pesto. Pesto will borrow & sell 0.08 BTC (assuming 80% LTV) for $5600. Price drops to $65,000📉, Pesto will buy back 0.08 BTC for $5200, pocket $400 USDC profit. Simple, right?

Join the growing Pesto community for updates, insights, and tips on maximizing your DeFi strategies. Visit us at pesto.finance.

Read more on our blog:

Join the growing Pesto community for updates, insights, and tips on maximizing your DeFi strategies. Visit us at pesto.finance.

Read more on our blog: https://mirror.xyz/pesto.finance/kJbNoR07LgcgVNs3yRzQ_qdY9H0lS_63nMUKxwrbFas

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.