Arcadia Finance Protocol Launch

Launch of a margin trading protocol on Ethereum and Optimism.

DETAILS

• Mechanics & Features
  • Borrowers can access up to 10x leverage to long/short tokens
  • Lenders provide liquidity (e.g. wETH, USDC) and earn yield from the protocol’s liquidation fees
  • Arcadia will be launching in 2 phases:
    • Lenders (LPs) — starting March 7
      • March 7 – March 9: only open to Degenscore Beacons to provide liquidity
      • March 9 – March 13: only open to waitlist (aka the OGs) 
      • from March 13 – gradually opens to public
    • Borrowers (leverage takers) — starting March 13th
      • March 13 – March 15: only open to Degenscore Beacons to borrow
      • March 15: only open to waitlist (aka the OGs)
      • from March 15 – gradually opens to public
  • At launch, there will be a total cap of $500,000 across all lending pools – lending caps will gradually increase over the next several days
  • Initially, only wETH and USDC will be available for lending
  • Lenders will not be subject to any lockups