Booster Protocol Version 1. 0: Now Live on Arbitrum. We are proud to announce the launch of Booster Protocol Version 1.

23 Aug 2023, 21:28

Booster Protocol Version 1.0: Now Live on Arbitrum We are proud to announce the launch of Booster Protocol Version 1.0, a lending and borrowing protocol that represents a cutting-edge advancement in the decentralized finance (DeFi) landscape. Here's what you can expect from Booster: 1. Dedicated Money Markets: Booster focuses on Ethereum-based assets, encompassing Ether, ERC-20 stablecoins, and utility tokens. 2. Two-Tiered Market Structure: A unique combination of the Base Market and multiple Sub-Markets. With primary assets like ETH, WBTC, USDC, USDC.e, USDT, and DAI in the Base Market and specialized Sub-Markets including ARB, GMX, CRV, and MAGIC tokens live on the Arbitrum network. This structure provides unprecedented financial flexibility. 3. Robust & Scalable Design: Booster is engineered for growth, ready to accommodate an expanding number of Sub-Markets with diverse tokens. This scalability ensures continuous adaptation to user needs. 4. Dual Yield Potential: Users have the opportunity to simultaneously engage with the Base Market, where they receive interest-accruing bTokens in exchange for supplied assets, and Sub-Markets, where those bTokens can be further supplied. In Sub-Markets, users receive bbTokens that symbolize their contribution and the interest accrued on bTokens. This two-tiered approach effectively amplifies returns. 5. Risk Mitigation: Each market within Booster operates autonomously, isolating potential risks. The Base Market's diversified liquid assets provide an additional buffer against market swings. 6. Flexible Borrowing Options: Borrow from the Base Market using underlying assets or from Sub-Markets with either the flagship Sub-Market's underlying asset (ARB, CRV, GMX, MAGIC) or bTokens. This flexibility caters to diverse financial strategies. 7. Dynamic Interest Rates: Interest rates respond to real-time supply and demand, facilitating smooth transactions. 8. Simple & Efficient Redemption: Redeeming bTokens or bbTokens is a breeze. Convert bTokens directly into underlying assets, and bbTokens to bTokens before reclaiming the original asset. Visit our blog for more information! 👨‍🚀 Explore the possibilities and engage with us further at 👉 booster.foundation👈