Discover the groundbreaking technology of Davos Protocol, revolutionizing Stablecoins and boosting capital efficiency through Liquid Staking to unlock real yields. Learn how to utilize the Davos Protocol Mainnet for borrowing, staking, and earning rewards with a comprehensive guide. Dive into the Davos Testnet, a safe space to experiment with the platform's features risk-free. Davos Protocol is a cutting-edge cross-chain lending and borrowing platform offering sustainable yields with its Stable Asset, $DAVOS. Enjoy a low 2% APR and tackle the issue of capital inefficiency in stablecoin reserves. The platform operates on the Polygon network, with $DGT tokens allowing users to engage in governance through farming liquidity pools, staking, and borrowing.
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About Davos Protocol – Mainnet & Testnet
Introducing Real Yields with Stablecoins and Liquid Staking on Davos Protocol! Say goodbye to capital inefficiency with a 2% APR on the platform. Join the community on the Polygon network and participate in governance with DGT tokens, earned through farming, staking, and borrowing.
Step-by-step guide
Go to the Davos Protocol App platform. Connect your Metamask wallet by selecting the Polygon network. Provide Collateral by depositing $MATIC. Once you have deposited your collateral, you can proceed to Borrow DAVOS tokens. The current borrowing limit is 66% of your collateralized assets. Davos Protocol suggests maintaining a borrowing threshold below 75% of the limit to avoid loan liquidation that may happen because of collateral price fluctuation. Now, you can start earning $DGT rewards by Staking DAVOS. Remember to repay the debt you owe in $DAVOS tokens to close your position after you have unstaked your tokens. Head to the Davos Testnet App web. Connect your Metamask wallet and select the Mumbai Testnet network. Use the Mumbai Faucet to claim Test tokens. Try out the platform and its features.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
Project links
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