DeFi lending and borrowing on assets outside of the norm is near-impossible. To answer the call of the community, Warp is unveiling the capability for custom isolated lending pairs, which can be built by users and are optimized for the best interest rates and lowest gas fees.
It’s an exciting time for Warp Finance. Warp initially launched as a novel use case for liquidity provider (LP) tokens, but we’ve expanded to optimize the entire lending process. We’re working at warp speed to build a platform that seamlessly integrates with Uniswap V3 and will solve some of the lending problems that…
Warp Finance is excited to announce its plans to add three new functionalities: Uniswap V3 support, lending pool generation, and layer 2 asset transfer facilitation. We have opted to take on these new functions, in addition to our existing function providing loans on LP tokens, as they address large unmet market needs within DeFi. Continue reading to find out more about our plans to implement these new features, and to understand why they are so beneficial to DeFi users.
Uniswap V3 Compatibility
Warp Finance already accepts LP tokens from Uniswap V2 to collateralize loans on its platform. However, a major…
While layer 2 has alleviated the slowdowns and high gas fees plaguing layer 1, transfers between layer 2 and layer 1 assets will beproblematic, potentially taking weeks to go through. Warp Finance steps in to resolve these issues, providing an efficient cross-layer value transfer solution.
In the world of cryptocurrency, layer 2 tools including “rollups” are the hottest new technology. These methods resolve scalability issues that are straining many prominent public blockchains, such as the Ethereum chain that is at the core of the decentralized finance (DeFi) industry. Layer 2 has been such a successful solution that even Vitalik Buterin…
Warp Finance is pleased to announce that it has partnered with Archer DAO (https://www.archerdao.io/). This partnership will facilitate the liquidation of non-compliant loans from the Warp Protocol utilizing the Archer DAO Protocol, ensuring that these loans do not have negative impacts on the overall Warp ecosystem.
Archer DAO is a protocol enabling miners and block producers to earn additional revenue through various means, including loan liquidation.
This Ethereum-based protocol introduces a valuable new revenue stream to these blockchain participants by executing profitable on-chain opportunities in a sustainable manner. While miners have traditionally been able to receive revenue from block rewards…
Warp Finance is dedicated to improving the decentralized finance (DeFi) space for its users. We do so via providing a novel use case for liquidity provisioning (LP) tokens, enabling them to be input as collateral for stablecoin loans.
Now that we have actualized this initial vision, we are expanding our reach, striving to bring the most benefit to our users by creating new utilities. With our first functionality up and running, our new focus is to generate second-order liquidity in the DeFi industry.
We will deliver more Warp Protocol use cases through a variety of different steps:
First, we will…
The main function of the Warp Protocol is to allow users to receive stablecoin loans that have been collateralized with liquidity provisioning (LP) tokens — however, the ultimate vision of Warp Finance is much broader. Our true mission is to provide second order liquidity for the decentralized finance (DeFi) space with our platform functionality. Second order liquidity has many important uses and applications in DeFi, and must be supported in order to sustain and expand the industry.
Continue reading to learn more about the deeper mission of Warp Finance and why we are so dedicated to second order liquidity.
The liquidity rush represents one of many ways Warp puts its users first, offering rewards on liquidity provisioning using the platform’s Warp Tokens.
Warp’s users are its number one priority. Thus, Warp Finance has created an additional rewards mechanism for early Warp Platform participants: The Warp Liquidity Rush.
The Warp Liquidity Rush rewards users for liquidity provisioning using the Warp Token:
Specifically, Warp will create a geyser for Uniswap liquidity provisioning (LP) tokens that enables users to generate rewards for $WARP/ETH liquidity provisioning.
The Warp Protocol’s native token, the Warp Token ($WARP), has many functions on the platform. Primarily, it…
The Warp Protocol has now successfully integrated Synthetix’s sUSD stablecoin as a lending asset. Warp users will be able to receive loans in the form of sUSD using liquidity provisioning (LP) tokens as collateral. The addition of this stablecoin provides more flexibility to Warp users, offering another option for loans from the Warp Platform.
sUSD is an increasingly popular stablecoin with a multitude of strengths and utilities.
Synthetix (https://synthetix.io/) is a decentralized synthetic asset issuance protocol built on Ethereum with over 1.7 billion in total value locked (TVL). This company collateralizes synthetic assets (Synths) with their Synthetix Token Network (SNX)…
Warp Finance is pleased to announce that the Warp Token ($WARP) will launch during its Token Generation Event (TGE). Individuals who deposited stablecoins and LP tokens into the protocol during its deposit only period and deposited and borrowed stablecoins when rewards were accruing will be receiving an airdrop of the Warp Tokens they have earned, on Thursday, February 11th, 2021.
The Token Generation Event is Thursday the 11th at 18:00 UTC.
Furthermore, the Warp Token Liquidity Geyser will be deployed in the following days with its announcement 24h in advance.
On Thursday, February 11th, Warp Tokens will be airdropped to…
Warp Finance is pleased to announce that it is expanding the utility of its existing non-fungible tokens (NFTs). This new functionality enabling users to earn long-term benefits from their Warp Protocol NFT holdings.
The new NFT utility is to boost its holder’s position on the Warp Finance personal rewards curve and baseline rewards, resulting in increased $WARP rewards.
Due to the team competition not continuing, and our resulting cautious approach, we have redesigned the use case of NFTs, which will be available to users on February 8th at 18:00 UTC.
The Warp Finance rewards system is designed to reward users…
An optimized lending solution powering a liquidity engine.