Borrow USDC Using xBasket On Timeswap
We are thrilled to announce a groundbreaking partnership with Timeswap, a move set to integrate LandX products in the DeFi ecosystem on Ethereum and Arbitrum. This collaboration offers users the ability to borrow stablecoins using xBasket as collateral.
Platform: Timeswap
Collateral Asset: xBASKET
Ethereum address: 0x6fC27F5CC0aAFeC8e2b8bC4E6393aC89e45232d3
Buy on Uniswap Ethereum
Arbitrum address: 0x8246Ee7c169061365a04671c5493daB6062D8808
Buy on Uniswap ArbitrumBorrowing Asset: USDC
Trading Pair: 2.60 xBASKET/USDC ($3.46 spot price; ~75% LTV)
Maturity: 10 weeks
Initial Interest on Borrowing: 3% (per annum variable)
To ensure smooth transactions, LandX is providing initial USDC liquidity so first users can borrow USDC immediately after launch.
For borrowers, we're allocating 20,000 LNDX and Timeswap is allocating 433,000 Time tokens as an incentive to participants. This setup is expected to offer an APR over 30% in incentives across the lifetime of the pool, with an initial boost over 60% due to the early distribution model.
This is a hypothetical investment strategy to showcase how one might use leverage to potentially increase exposure to the Annual Percentage Rate of the xBasket index fund token. It's important to note that this is just an example for educational purposes and not financial advice.
Hypothetical Steps Involved:
Initial Acquisition (Illustrative Example): Imagine purchasing xBasket tokens with USDC on 'landx.fi'.
Collateralization (Hypothetical Scenario): In this scenario, you might use xBasket tokens as collateral to borrow USDC, say up to 75% Loan-to-Value (LTV) of the xBasket’s value, on a platform like timeswap.io. This could involve paying an interest rate, for example, 10%.
Reinvestment: The borrowed USDC could be reinvested to acquire more xBasket tokens.
Iteration (Theoretical Repetition): This borrowing and reinvestment process might be repeated several times (e.g., 10 times) in theory, to expand exposure to xBasket.
Realizing Profit (Hypothetical Outcome): In an illustrative scenario, after a target investment duration, you could hypothetically liquidate the xBasket for USDC and close the borrowed positions.
Sample Calculation (For Illustration Purposes):
Buy N xBasket for Y USDC.
Borrow against xBasket holdings.
Reinvest in additional xBaskets.
Repeat the process and acquire more xBasket leveraging the position.
In 10 weeks liquidate xBaskets, repay loans, and calculate the profit.
This is a purely illustrative strategy and should not be considered financial advice. Always consult with a financial advisor before making investment decisions.
Why xBasket On Timeswap?
xBasket is a unique index fund token from LandX, backed by tangible farmland assets and offering an estimated 19% APR.
Timeswap is a pioneering protocol in the DeFi space, known for its permissionless, non-liquidatable, fixed maturity lending & borrowing services.
We're Here to Help
Do you have any questions or need more information? Feel free to reach out. We’re here to ensure you make the most out of this exciting new partnership.
Website & App: https://landx.fi
Twitter: https://twitter.com/landxfinance
Discord: https://discord.gg/landx
Medium: https://medium.com/landx
Telegram: https://t.me/landxfin
Please note LandX products are not available to US users.
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