The Rise of DeFi and the Need for Archimedes

in LeoFinance2 years ago (edited)

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In DeFi, millions of new users are now borrowing, lending, trading, saving, and doing much more without the intervention of any middle-men whose interests may not align. The sector is growing exponentially day by day in terms of users as well as total market cap.
Let’s take a few examples of unprecedented yields, constantly rising TVLs, and more mature, sophisticated products that are being launched constantly in the DeFi space. If you’re plugged into the DeFi ecosystem, this must be the most exciting time of your life. And if you think this is the most you could feel, get ready because the real wave is yet to come.

So, you say, the Real Potential of DeFi is Yet to Unveil?

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Well, yes!
A core tenet of DeFi is its permissionless access. Let’s understand this in the traditional sense – Imagine if you had access to all savings accounts available across the world and you could move your funds in and out seamlessly.
Now, imagine doing this in the DeFi sector. You would first need to ensure that your funds are constantly earning the best possible interest rates. APY needs to be higher than what you can make on bonds and legacy finance.

Alongside, if you’re looking for stable and sustainable liquidity to make your project grow, you’ll be bound to take part in Curve wars to gain liquidity. With Curve being the most popular option, the competition will be fierce, and you might not get the rate of return you’re looking for.

But wait, there’s still a way to get higher returns. You can generate yield by putting idle liquidity to work and the perfect way to do so is to borrow idle liquidity.

Lenders want good ROI and who doesn’t? While there’s a chance to get loans against higher APY, borrowers won’t let it go at any cost.
Let’s also consider leveraging the curve liquidity. While, leverage is undoubtedly a powerful and beneficial tool, if not executed well, it could be dangerous too.

But Archimedes is different!

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Archimedes Stands to Benefit Greatly!


We expect that the next wave of users dipping their toes into DeFi won’t be the ones grabbing every new investment opportunity available out there. Instead, they will be the ones who are simply looking for a way to beat inflation and traditional finance returns. While a bad user experience is often an overlooked aspect of DeFi, Archimedes is well-positioned to take advantage of that and be the entry point for DeFi for such users.

At Archimedes, we’re building a lending/borrowing marketplace that’s aimed to be way bigger than any AMM. Our vision is to ‘Unify all idle liquidity across all AMMs and chains’.

We strongly believe in the potential that DeFi has to offer and we’re proud to be a part of it. While the tokenization of assets is going to be the biggest investment opportunity for people in the future, Archimedes supports it by offering users to create their ‘tokenized position’.

Our product is transparent and geared to drive higher ROIs while mitigating the major risks associated with the DeFi ecosystem. Moreover, our prime focus lies in delivering quality over quantity.

So, Here’s How Archimedes Benefits Leverage Takers –

  • With Archimedes, our user will walk out with up to 10x leverage
  • ‘Cost of position’ remains lower, so you don’t need to manage it and switch to higher APY assets. This also saves you time, effort, and gas fees
  • We support only a handful of projects that are driven by fully or overly collateralized meta-vaults to ensure our users receive the right value for their investments
  • Archimedes wraps your leveraged position with an NFT. The tokenized positions reduce the risk of permanently being locked in the chain. You can exit a position anytime
  • If you are a fast mover, you can easily trade your position for a premium
  • We provide true stability as we work with OUSD. They’re already proven to be a stable project
  • As our product is open source and transparent, there won’t be any hidden tricks or traps within

To ensure our users face no further security risks, we’re also performing a security audit before our launch. We’re also including ‘Timelock’ smart contracts to ensure seamless and fair governance.

Archimedes Benefits for Liquidity Providers

  • We know how important it is for liquidity providers to have higher and more sustainable APY. That’s why Archimedes enables Curve to scale to ensure higher sustainability of our products in the marketplace
  • Risks are relatively lower with us as we support only non-volatile over-collateralized tokens
  • We constantly regulate the leverage cap
  • We have our own treasury to replenish liquidity in our pool, so liquidity risks are lower
  • We offer real diversification. As Archimedes grows, we will partner with more protocols like OUSD to unlock more diversification opportunities for our users

Final Words


As a platform that optimizes for the best yield, simplifies the user experience and takes on a security-first approach, Archimedes can be your best choice to make the most of DeFi and ensure that your valuable funds are never locked in forever.

To learn more about us, join us here –

Website | Discord | Twitter | Medium | Telegram

Posted Using LeoFinance Beta

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The rewards earned on this comment will go directly to the people( @leoalpha, @documentinghive ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Hey there,

Welcome to the @leofinance community. It is great to have official accounts from projects posting here on Web3.

It's a great place to post updates, and we love original and unique content. I note this post is the same as your medium post, and while that is all good, it is not plagiarism as it is your content, unique posts will perform better here and gather a lot more attention. We have over 600 MAU keen to find and promote original content, and give visibility to content unique to our platform. May I suggest a summary post on Medium with the full text here as an alternative to the same post on both platforms?

In any regard, it is great to have you here and I am looking forward to learning more about your project.

Posted Using LeoFinance Beta

Yeah, and Medium sucks anyway and has no engagement whatsoever! Haha

Posted Using LeoFinance Beta

Medium is over-hyped.

HIVE > Medium

Posted Using LeoFinance Beta

So what makes this project different to all of the other defi options apart from the claim to support safe investments with your service.

We all know how crypto works and how many terrible projects are out there and the consequences of backing the wrong ones.

Is there any sort of transparency as to where the funds are going. Its the likes of OUSD that would worry me as I've never even heard of that stable coin and have no idea what backs it.

Posted Using LeoFinance Beta

Apologies for the delay in response. We decided to make our answer a new blog post.

https://leofinance.io/@archimedesfi/what-makes-this-project-different-our-answer-to-defi-veterans

Posted Using LeoFinance Beta

At Archimedes, we’re building a lending/borrowing marketplace that’s aimed to be way bigger than any AMM. Our vision is to ‘Unify all idle liquidity across all AMMs and chains’.

To the point 🔥
De-Fi ecosystem is enlarging and bringing amazing projects. Going cross-chain and utilizing liquidity effectively are big plus for projects IMHO ^^

Posted Using LeoFinance Beta

100%

"This is the way."

Posted Using LeoFinance Beta

Welcome to Hive and the Leofinance community. Archimedes sounds like an interesting project. Looking forward to knowing more from this.

Posted Using LeoFinance Beta

I like to see innovation in this space and looking forward to see a whitepaper from you. GitBook is a great way to create a whitepaper/documentation. They have a free plan that can work out well for you.
!PIZZA
!LUV

Posted Using LeoFinance Beta

Perhaps we'll create a blog about various areas of our whitepaper. For now, you can read it here:

https://docs.google.com/document/d/1uT1waxpXA_bbArJvt6uA51moTbj4K7uqGdTm7LFOHXA/edit

Posted Using LeoFinance Beta

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Great to see this project making their first appearance on Leo Finance! You'll find there are many ways to engage and grow your user base here. We're glad to have you around guys!

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@tipu curate

Welcome 😊, nice post

Welcome :)
I just discovered this post, it is great to have you on board!

Posted Using LeoFinance Beta

Thank you, glad to be here on HIVE

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Welcome to web 3

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Thanks for the welcome, glad to be here

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PIZZA!

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Welcome archimedesfi!
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