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Archimedes Finance news
About Archimedes Finance
Archimedes is an experimental lending and borrowing platform. We build it on top of AMMs such as Curve. We enable:
(1) Lenders (Liquidity Providers) to earn sustainable higher APYs
(2) Borrowers (Leverage Takers) to earn up to 10x yield of what yield-bearing stablecoins such as OUSD offer.
Liquidity Providers provide assets to Archimedes 3CRV/lvUSD pools and receive interest. The protocol pays interest in different assets, such as ARCH tokens and stablecoins. Most Curve pools depend on temporary bribes and uncertain gauge allocations for APY. But, Archimedes ARCH rewards have innate utility and a fixed supply.
Leverage Takers borrow from these pools to create leveraged positions on appreciating meta-vaults (like OUSD). Archimedes wrap each leveraged position with an NFT. User can trade these NFTs without the need to unwind the position.
The live Archimedes Finance price today is $0.191963 USD with a 24-hour trading volume of not available. We update our ARCH to USD price in real-time. Archimedes Finance has no change in the last 24 hours. The current CoinMarketCap ranking is #2552, with a live market cap of $18,625.04 USD. It has a circulating supply of 97,024 ARCH coins and the max. supply is not available.
If you would like to know where to buy Archimedes Finance at the current rate, the top cryptocurrency exchange for trading in Archimedes Finance stock is currently MEXC. You can find others listed on our crypto exchanges page.