WEMIX

We are thrilled to introduce Shoebill Finance, the first 3rd party Decentralized Application (dApp) on the WEMIX.Fi platform.Shoebill Finance is a DeFi (Decentralized Finance) protocol within the WEMIX ecosystem that provides leverage investment services. This service allows users to deposit stWEMIX earned through WEMIX.Fi’s LIQUID Staking, borrow WEMIX to earn additional interest or deposit WEMIX to obtain liquidity supply interest.Shoebill Finance optimizes Staking returns by utilizing a repetitive cycle of depositing and borrowing stWEMIX and WEMIX to generate leverage. Alternatively, users have the option to invest borrowed WEMIX in various protocols within the ecosystem, enhancing the versatility of WEMIX and fostering liquidity circulation.[Key features of Shoebill Finance] • Low interest rates apply up to a specific total loan ratio, allowing borrowers to utilize stable leverage to earn higher interest. • Only LST (Liquid Staking Token) assets such as stWEMIX, collateralized by WEMIX, are accepted. • Since re-collateralization is not possible, the risk of malicious debt occurrence is extremely low, providing a stable yield.We will keep on providing various dApp services that utilize key contracts within the WEMIX.Fi platform, fostering synergy among dApps and expanding the scope of the WEMIX DeFi ecosystem.&gt; WEMIX.Fi dApp’s website: <a href="https://wemix.fi/dapps" rel="noopener noreferrer nofollow">https://wemix.fi/dapps</a>Thank you.Official WEMIX site announcement: <a href="https://www.wemix.com/communication/introducing-shoebill-finance,-wemix.fi%E2%80%99s-new-dapp-service-ad8f0861b4cc" rel="noopener noreferrer nofollow">https://www.wemix.com/communication/introducing-shoebill-finance,-wemix.fi%E2%80%99s-new-dapp-service-ad8f0861b4cc</a>[WEMIX Community] • WEMIX Official Webpage: <a href="https://www.wemix.com/communication" rel="noopener noreferrer nofollow">wemix.com</a> • Medium: <a href="https://medium.com/wemix-communication" rel="noopener noreferrer nofollow">WEMIX Communication</a> | <a href="https://medium.com/wemix-play" rel="noopener noreferrer nofollow">WEMIX PLAY</a> | <a href="https://medium.com/nile-official" rel="noopener noreferrer nofollow">NILE</a> • WEMIX Channels: <a href="https://twitter.com/WemixNetwork" rel="noopener noreferrer nofollow">X (formerly Twitter)</a> | <a href="https://www.facebook.com/WEMIXBlockchain" rel="noopener noreferrer nofollow">Facebook(WEMIX Platform)</a> | <a href="https://www.facebook.com/WEMIXGames" rel="noopener noreferrer nofollow">Facebook(WEMIX Games)</a> | <a href="https://t.me/WEMIX_ANNouncement" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.reddit.com/user/WemixNetwork" rel="noopener noreferrer nofollow">Reddit</a>

Introducing Shoebill Finance, WEMIX.Fi’s new dApp service

WEMIX

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