XOXNO
  • πŸ”₯Zero to DeFi
    • Introduction
    • DeFi Initiation
  • Smart Explorer
  • E-Mode Master
  • Pro Strategist
  • XOXNO Ecosystem
    • πŸ“–Introduction
    • πŸ”NFT Marketplace
    • πŸš€NFT Launchpad
    • 🎯XOXNO Liquid Staking
    • πŸ’±eGLD Liquid Staking
      • Protocol Overview
      • Advantages
      • User Actions
    • 🦫Lend and Borrow
      • Borrow
      • Supply
      • Repay
      • Withdraw
      • Liquidation
      • Flash Loans
      • E-Mode
      • Vault
      • Isolated Pools
      • Several positions for different markets
  • Multiply
    • Liquid Boost
    • Smart Collateral
    • Smart Debt
    • Smart Debt Classic
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  1. Multiply

Smart Debt Classic

πŸ“Œ What it is: You supply a base token (like EGLD) and borrow an LP token.

βœ… How it works: Same logic as Smart Debt, but now you don’t get staking rewards from your collateral. This only makes sense when the base token APY is unusually high, making up for the lack of auto-compounding.

πŸ’‘ Why to use it: When base token supply APY is boosted (e.g., through temporary incentives), this can outperform using an xToken.

πŸ§ͺ Example:

  • Supply: EGLD

  • Borrow: XEGLD/WEGLD LP

PreviousSmart Debt

Last updated 12 days ago

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