2021-03-15 19:48:57
DeFi Strategy / Farm from 84% to 645% APY on Ruler protocol
DeFi's platform focused on non-liquidatable loans sounds good, right?
Welcome to Ruler Protocol, which allows you to borrow any cryptocurrency you want while hosting any cryptocurrency you want to use as collateral. The system is resistant to liquidation thanks to the project's two token system.
As for these two tokens:
1.rcToken, which denotes a demand to repay a loan after expiration using a token such as DAI.
2.rrToken, which is a tokenized commitment to repay Ruler's position, which you can return at any time after that you receive your collateral.
Currently there are 4 farms available:
- DAI - RC_WBTC_25000_DAI_2021_3_31
- DAI - RC_WETH_750_DAI_2021_3_31
- DAI - RC_COVER_250_DAI_2021_3_31
- RULER - WETH
How to farm?
1. Buy Ruler or rcTokens using the SushiSwap links above
2. Select the liquidity pool, they are also listed above
3. Confirm.
4. Stake your LP tokens in Ruler
5. Enjoy.
Disclaimer. Remember: APY will fluctuate, pools have risks like Impermanent Loss (IL). Every project has a risk, so weigh it twice before entering
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