Leverage Buyers
Last updated
Last updated
Leverage buyers acquire long-term leverage on their yield-bearing assets like stETH and GLP. To do so, they deposit Token and mint symToken using , sell symToken for Token in , and repeat. This process gives leverage buyers more yield-bearing assets in their position than they originally have, bringing them leveraged yield.
Leverage buyers enjoy unprecedented experience in SYM Finance:
One-click leverage - Leverage buyers need not manually complete the abovementioned process. They only need to specify the deposit amount and desired leverage, and the protocol will finish the rest. With 80% LTV, leverage buyers can obtain up to 5x leverage.
Liquidation-free - Since 1 symToken is always treated as equal to 1 Token in SYM Finance, leverage buyers' debt value is always pegged to [collateral value * LTV]. Therefore, leverage buyers won't be liquidated by price movement.
Interest-free - SYM Finance charges zero interest rate on minted symToken. Therefore, leverage buyers get interest-free loans.