Hello,
My name is Ivan Roptanov I'm a product owner at yldr.com. Let me introduce our product.
What is YLDR? YLDR – is a lending protocol for Uniswap. It allows liquidity providers to:
- Leverage Uniswap V3 position up to 5x to earn more trading fees
- Use the Uniswap V3 position as collateral to get a loan against it.
Current problem When a user creates an LP position he cannot use this liquidity anymore. This liquidity is only used for trades.
However, we can see LP's position as an asset that can be used as collateral to create a leveraged position or get a loan.
How YLDR is helping the Uniswap ecosystem? When a user creates a leveraged position he puts more liquidity in a pool. Which results in:
- Better price
- Less slippage
Win-win for all parties involved YLDR protocol resolves issues for all parties:
- Liquidity providers may increase their earnings
- Uniswap can increase liquidity in the pools up to 5x. That means more volume will be traded and more fees will be generated.
Current state of the product We launched on the 20th of December and already created leveraged positions for more than $50k.
Will be happy to discuss more details.
Hope to hear from you soon!
Best regards, Ivan Roptanov Telegram: @ivan_yldr roptanov@gmail.com
YLDR History
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applied to the Uniswap-Arbitrum Grant Program (UAGP) 1 year ago of which the application is still in a pending state