Links

Supply

🚰 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗮 𝗻𝗲𝘄 𝗸𝗶𝗻𝗱 𝗼𝗳 𝗟iquidity 𝗣ools:

💧𝗨𝗻𝗱𝗲𝗿𝘄𝗿𝗶𝘁𝗶𝗻𝗴 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗣𝗼𝗼𝗹s💧

Anyone is now able to deposit USDC to start earning proportional share of fees generated from interest paid by the borrowers on DeFrag.

Why ULPs?

ULPs automate proportional tracking of USDC deposits & fees earned, opening up the floor for anyone to become an underwriter

How does it work?

1. Navigate to DeFrag Supply Page: https://defrag.fi/assets/supplying​
2. Choose collateral asset you would like to back.
3. Approve USDC for use in ULP contract & deposit your desired amount.
4. Once you supply USDC, you will receive ULP tokens in return which track your pool share.
5. Redeem your ULP tokens anytime to withdraw USDC deposited + any fees earned.

What are the risks?

As with any new DeFi primitive, there might be unforeseen economic vulnerabilities. Please use at your work risk.
It's worth noting: Before opening up underwriting liquidity pools to the public, we wanted to make sure our model works IRL. All the USDC underwriting liquidity until ULP launch, has been manually provided by our core team, earning an average APY of ~45% in fees from borrowers!
If you want to get more information on providing liquidity on DeFrag you can join our discord: https://t.co/O6MiDJ1Ur3​