In general, borrowers refer to users who deposit a certain asset to take a loan on another asset and receive rewards during the borrowing period. Below is an example scenario of a borrower in Balanced lending pool:

  1. Bob deposits 100 ICX.

  2. Bob takes a loan of 25 bnUSD.

  3. Bob receives 5 BALN everyday as long as his borrowing position is safe.

  4. Bob returns 25 bnUSD, takes back 100 ICX plus 35 BALN after 1 week of borrowing.

How Optimus can help

For this strategy, Optimus focuses more on reducing borrowing risks for the users by:

  • Continuously monitor and adjust the borrowing position in case price drops too quickly. For example, if ICX price drops too fast your borrowing position can be liquidated at a very low price, Optimus will monitor the market price for every minute and reduce the total borrowing amount to below reward threshold.

  • Automatically claim token reward and distribute back to users' wallet.

Supported markets

Optimus currently supports the following lending pool:

  • Balanced: deposit ICX to borrow bnUSD.

  • OMM: TBC.