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timeswap
@timeswap
G♾️M Degens! 🎩 Degeneracy and Leverage are the two things that run through the nerves of the entire DeFi ecosystem. With Timeswap, you can unlock both in a non-liquidatable manner! 🎩 Non-liquidatable leverage for $DEGEN 🎩 Read-on! 👇
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timeswap
@timeswap
Timeswap's $DEGEN token pool have become one of the top 50 holders of the token in <24hrs of the launch. Timeswap has also processed over $50k in lending/borrowing volume for $DEGEN! Read more on the launch here: https://warpcast.com/timeswap/0x6a0d7382
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timeswap
@timeswap
Leverage $DEGEN 📊 Timeswap pools offer non-liquidatable loans, which can be utilised for opening leveraged positions on the collateral token ($DEGEN in our case!). 📈 USDC/DEGEN pool -> Long $DEGEN 📉 DEGEN/USDC pool -> Short $DEGEN
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timeswap
@timeswap
Long $DEGEN 🐂 Step 1: Use $DEGEN as collateral, Borrow USDC Step 2: Use the borrowed $USDC to buy more $DEGEN Step 3: Repeat! ⏳ Outcome: - Leveraged long $DEGEN - No liquidations till 12th Feb! - Fixed borrow costs. LONG here -> app.timeswap.io/#/borrow/base/cef9aaeb-e9ab-47e7-8841-065db8606671
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timeswap
@timeswap
Short $DEGEN 🐻 Step 1: Borrow $DEGEN using USDC as collateral Step 2: Swap your $DEGEN for USDC Step 3: Repeat! ⏳ Outcome: - Leveraged short $DEGEN - No liquidations till 12th Feb! - Fixed borrow costs. SHORT here ->app.timeswap.io/#/borrow/base/ee4a9c88-6732-4e13-9789-30fb47549921
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timeswap
@timeswap
Benefits of Non-liquidatable leverage: Having the security of not getting liquidated for a fixed duration allows you to position your trades without having to worry about the short term volatility! Given the volatility of $DEGEN, the Timeswap pool makes an ideal venue to be!
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timeswap
@timeswap
TL;DR: Timeswap's $DEGEN pool allows you to take long/short positions in a non-liquidatable manner! Like/Recast the quote below if you can: https://warpcast.com/timeswap/0x44c6d50e
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