The Good Tech Companies - Happening Right Now: Marginly Is Bootstrapping Liquidity

Episode Date: May 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/happening-right-now-marginly-is-bootstrapping-liquidity. With liquidity in Marginly pools, leveraged yield farmers may post margin and then borrow from these pools to gain their desired leverage and respective APY boo Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #marginly, #btcwire, #press-release, #marginly-announcement, #blockchain-protocols, #crypto-exchange, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding depositors who provide ETH, USDC, or USDT with both high interest rates and Sparks. Sparks make liquidity providers eligible for the upcoming Marginly airdrop.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Happening right now. Marginly is bootstrapping liquidity by BTC Wire. Lisbon, Portugal, May 21, 2024. Marginly, the leverage as a service protocol that enables one-click leverage on yield-bearing assets, kicked off its liquidity bootstrap event on May 15. The protocol is rewarding depositors who provide ed usdc orist with both high interest rates and sparks points that make liquidity providers eligible for the upcoming marginally airdrop marginally is raising liquidity in this three week event for pools that enable leveraged yield farming on pendle the sizzling defy protocol that

supports tokenization and trading of future yield. With liquidity in marginally pools, leveraged yield farmers may post margin and then borrow from these pools to gain their desired leverage and respective APY boost for Pendle principal tokens. Greater than. We're pumped to announce this liquidity bootstrap event and believe that greater than these trades can go viral given the high yields, said Taylor Click, greater than marginally's chief liquidity officer. Bootstrapping liquidity for such trades greater than is critical, which is why we're heavily rewarding early adopters with a greater than massive share of our future airdrop. Why provide liquidity to MARGINLY? Many DeFi protocols can benefit from liquidity, so why should liquidity providers, LPs,

bootstrap marginally's liquidity before June 5? The short answer is, high interest rates, special incentives during this liquidity bootstrap event, and protocol safety. Earn high interest everyone loves passive income, which marginally generates for liquidity providers. The protocol pays up to 45% in interest for ed usdc and usdt in the same currency that lps provide for liquidity earn sparks akin to points in a video game arcade sparks make liquidity providers eligible to participate in the future marginally token airdrop marginally is doubling the sparks awarded to liquidity providers during the liquidity bootstrap event get the marginly airdviders during the Liquidity Bootstrap event.

Get the MARGINLY Airdrop Earning Sparks during the Liquidity Bootstrap event is what makes Liquidity Providers eligible to receive part of the Marginly Airdrop. Marginly IS distributing Airdrop tokens to all participants in the Liquidity Bootstrap event. Refer Friends and Get Even More Sparks Marginly supports a two-tier referral system that enables liquidity providers to add to their Sparks tallies. Get the equivalent of 10% of the Sparks earned by your referrals and 5% of the Sparks earned by the referrals of your referrals. Invite all your friends to earn so many additional Sparks. Marginly's technology is already tried and tested previously for margin trading on Arrum since december 2023 the tech was initially designed for leverage trading of various long tail assets that's why it expertly serves niche leveraged yield farming use cases what else makes the marginally platform safe for liquidity

providers no impermanent loss because lps provide only single-sided liquidity. Liquidity pools are isolated to minimize LP's exposure to risk. Platform is 100% decentralized, non-custodial and with no reliance on off-chain oracles. Smart contracts are double audited by the cybersecurity AUG quant stamp. About marginly marginally is a leverage as a service protocol that creates isolated side pools to existing automated market maker pools, enabling lenders to deposit their ETH and stable coins to earn attractive yields. Leveraged yield farmers on Marginly postmargin and then borrow from Marginly pools to gain their desired leverage. Partnered with Pendle for leveraged farming of Pendle's principal tokens and with EtherFI to bring ETH to Pendle, Marginly is the protocol for one-click leverage on yield-bearing assets.

Get in line for the Marginly airdrop by providing liquidity to a Marginly pool before the liquidity bootstrap event ends on June 5. Tip this story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Learn more about the program here.