Leverage Vault
Last updated
Last updated
Users may opt to leverage the JLP yield or lend their assets for yield sharing participation. Borrowers employ JLP as collateral to procure USDC loans, with the options to leverage up to 7X their JLP assets.
In return, borrowers are obligated to pay interest, which accumulates in the underlying pools of those assets according to the protocol's guidelines.
Moreover, borrowers are obliged to pay an interest rate that is contingent upon the utilization rate, with yield sharing proportion varying between 0% to 45%.
The cap on the APY that lenders can receive is pegged to the JLP's performance in the previous week, thereby it varies every week.
The methodology for calculating yields is outlined on the page.
