rETH is now listed on Timeswap. rETH leverage staking has arrived.
19 Jul 2023, 15:36
⏳rETH is now listed on Timeswap!
rETH leverage staking has arrived! Timeswap operates on an AMM model, allowing users to lend/borrow two types of tokens in a given pool. With the addition of rETH, our community can now leverage stake their tokens in a whole new way✨
The rETH/WETH pool has been launched on the Arbitrum network:
⚖️Transition price: 0.97 rETH/WETH
📅Maturity: August 19, 2023 at 12:00 UTC (~30 days)
➡️View Pool
With near 0% borrow rates, this presents an incredible opportunity for leverage staking with rETH.
Start leverage staking in 3 Steps👇
1️⃣Mint rETH
2️⃣Bridge to Arbitrum
3️⃣Borrow WETH using rETH collateral
💡 This is the first collateral use case for rETH, marking a significant milestone for the token. But this is just the beginning - with more use cases on the way! Stay tuned for more updates.
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Same news in other sources
119 Jul 2023, 15:37
StaFi telegram news 19 July 2023 15:37