Claim Layer3 rewards
Liquid staking has emerged as a popular strategy in Web3 for token holders to generate revenue while maintaining liquidity. By locking their tokens, users can earn rewards and contribute to the stability and security of the network. However, to truly unlock the potential of Liquid Staking Tokens (LSTs), a platform that offers a wide range of utility and value for these is essential. Enter Shoebill Finance – the perfect fit for enhancing the utility of LSTs in the Metis ecosystem, like those from Artemis Finance and Enki Protocol.
Shoebill Finance is an innovative LST Collateralizable Leverage Lending platform that empowers users to maximize their yield on LSTs while minimizing the risk of liquidation. By leveraging their LST collateral, users can borrow assets to explore other opportunities within the Metis ecosystem. Shoebill empowers everyone to optimize their LST holdings and participate in the growth of the Metis network.
➡️ LST-Only Collateral: Shoebill Finance accepts only LST tokens as collateral, eliminating the risk of bad debt.
➡️ Reduced Risk of Liquidity: Users can borrow only the original token to which their LST is pegged, reducing the risk of liquidation due to market volatility.
➡️ Reliable Price Oracles: Shoebill Finance uses verified oracles like the Pyth network to obtain accurate price feeds, ensuring fair liquidations based on borrow yield, not token price fluctuations.
➡️ Shoebill Token (SBL) Utilities: SBL holders can share platform profits, receive additional token rewards, boost their yield, and benefit from 'early-exit' penalties through a vesting mechanism aligned with long-term user engagement.
Shoebill Finance significantly expands the utility of LSTs in the Metis ecosystem, providing holders with diverse options to seize expected opportunities within the growing Metis network. By minimizing the risk of liquidation, Shoebill Finance creates a secure and user-friendly environment for LST holders to maximize their yields and explore new possibilities.
Shoebill Finance is working on its token economy with various utilities and is launching its unique LST Collateralizable Leverage Lending services on Metis Andromeda on April 25th.
It’s first campaign will be alongside Artemis Finance, giving boosted rewards to artMETIS holders interacting with their Boosted Rewards campaign.
Next in line will be Enki Protocol.
Shoebill Finance aims to transform the way LST holders interact with the Metis ecosystem. By offering a secure, risk-minimized and efficient platform for collateralizable leverage lending, Shoebill Finance enables anyone to optimize their opportunities, explore new ones, and actively participate in the growth of the Metis network. With its robust features, value proposition, and exciting roadmap, Shoebill Finance is poised to become a key player in the ecosystem, unleashing the max potential of liquid staking tokens on Metis.
