yield.fan
43 posts

yield.fan
@yieldfan
Earn leveraged returns on your favorite yield-bearing tokens. Powered by @mangomarkets









Announcing new stepSOL listing on @mangomarkets! What does this mean for the Step Community? 🥭 1) Steppers can now collateralize their stepSOL holdings for loans while continuing to earn staking yield (support for RO airdrops to depositors coming soon) 2) stepSOL is immediately available for leveraged stake looping through Mango's other product Yield.Fan (formerly known as Mango Boost!) 3) Since the launch of stepSOL we've been doing all STEP token buybacks by swapping through stepSOL, primarily on Jupiter. We intend to move this over to Mango's CLOB once the stepSOL/STEP market is approved in the coming days. The idea behind using stepSOL for buybacks is: - Convert protocol revenue from USDC to SOL - Use that SOL to mint new stepSOL - Trade that stepSOL for STEP, casting it into the open markets to forever circulate between arb bots, traders and LPs. All the while it continues to earn revenue for the validator, 100% of which going towards token buybacks for STEP holders FYI: STEP is also listed as a collateralized asset on Mango, with available 66% LTV if any STEP holders need access to collateral. Shall we propose an xSTEP listing with the DAO next? That's all for now. Happy mangos, Steppers! 🥭🥭







1/ Not sure what you can do with your INF? This is the thread for you! 🧵

Announcing new stepSOL listing on @mangomarkets! What does this mean for the Step Community? 🥭 1) Steppers can now collateralize their stepSOL holdings for loans while continuing to earn staking yield (support for RO airdrops to depositors coming soon) 2) stepSOL is immediately available for leveraged stake looping through Mango's other product Yield.Fan (formerly known as Mango Boost!) 3) Since the launch of stepSOL we've been doing all STEP token buybacks by swapping through stepSOL, primarily on Jupiter. We intend to move this over to Mango's CLOB once the stepSOL/STEP market is approved in the coming days. The idea behind using stepSOL for buybacks is: - Convert protocol revenue from USDC to SOL - Use that SOL to mint new stepSOL - Trade that stepSOL for STEP, casting it into the open markets to forever circulate between arb bots, traders and LPs. All the while it continues to earn revenue for the validator, 100% of which going towards token buybacks for STEP holders FYI: STEP is also listed as a collateralized asset on Mango, with available 66% LTV if any STEP holders need access to collateral. Shall we propose an xSTEP listing with the DAO next? That's all for now. Happy mangos, Steppers! 🥭🥭




The Pyth Network is excited to release its JLP/USD price feed, the LP token of @JupiterExchange perpetual protocol. "We're excited to watch $JLP be used more around the ecosystem as collateral, and Pyth feed will be extremely helpful for our @solana DeFi friends to integrate it” — @0xSoju. @RainFi_, @marginfi, @texture_fi, @mangomarkets and @NX_Finance are already leveraging the feed with more coming 🧵


