We are happy to announce our partnership with Vicuna Finance, a borrow and lending protocol, facilitating leveraged (CL ALM) yield farming on Sonic.
As part of our partnership, Vicuna Finance will accept Stable Jack’s YT tokens for yield-bearing assets and $S LSTs as collateral in their lending market. This will enable investors to employ looping strategies on Vicuna Finance, achieving leveraged returns on the already competitive yield opportunities provided by Stable Jack’s YT assets.
Moreover, in the near future, Stable Jack will accept Vicuna LP tokens as collateral to offer two products:
Yield Token: a pegged yield-bearing asset that will earn a fixed yield without maturity dates or risk of losing the principal while holding YT, thus, it will allow lenders to have a fixed lending yield.
Leveraged Yield Token: a pegged yield-bearing asset that will earn leveraged yield while also acting as a junior tranche that will bear a possible loss, thus, it will allow lenders to have a leveraged lending yield.
Through this partnership, we will offer competitive and predictable looping opportunities in the Sonic ecosystem!
Stable Jack v2 will unlock new utilities for collateral assets. With partners like Vicuna, we are thrilled to bring innovation and excitement to the Sonic ecosystem!