Extra Finance Beta Launch

Lending & leveraged yield farming protocol on Optimism.

DETAILS

• Mechanics & Features
  • Users can deposit in farming pools across Velodrome with up to 3x leverage
  • Users can deposit assets (e.g. ETH, USDC) into lending pools to earn interest on their deposited assets
  • Deposited assets can then borrowed by leveraged yield farmers
  • Interest rates is determined by the utilization rate of lending pools
  • No fees on deposits or withdrawals, and no default lockup period
  • Dual token system;
    • $EXTRA is the utility token
    • $veEXTRA is the escrowed governance token
  • $EXTRA can be locked (up to 1 year) to receive $veEXTRA
  • $EXTRA is used for rewarding liquidity providers through emissions
  • $veEXTRA holders receive access to lending pools with a high utilization rate, unlock higher leverage for yield farming pools, governance power, and a share of platform fees

• Tokenomics
  • Token symbol: EXTRA
  • Total supply: 1,000,000,000
    • 60% — Community
    • 26% — Ecosystem growth and partnerships
    • 10% — Team
    • 3% — Airdrop
    • 1% — Initial liquidity
    • ❌ No information on the rest of the token allocation

Links & Resources

Whitepaper / Docs

Audit / Review

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ISSUES

• 🟢 No informational, medium, high or critical risks detected.

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