Main use cases
EpsiLoan offers a multitude of use cases, catering to a diverse range of participants within the decentralized finance (DeFi) ecosystem. Here are the main use cases of EpsiLoan:
Restaking in EigenLayer via Liquid Restaking Protocols: EpsiLoan provides users with the opportunity to participate in the most capital-efficient way of securing Ethereum by restaking in EigenLayer via Liquid Restaking Protocols. By leveraging Liquid Restaking Tokens (LRTs), users can restake their ETH holdings and contribute to the security and decentralization of the Ethereum network while maximizing their yield potential.
Borrowing yUSD Against (Re)Staked ETH by Opening a Vault: Users can utilize EpsiLoan to borrow yUSD against their ETH holdings or (re)staked ETH by opening a Vault. This enables users to access liquidity without liquidating their assets, providing them with flexibility and financial freedom while retaining ownership of their collateral. Whether it's for investment opportunities, diversification, or short-term liquidity needs, opening a Vault on EpsiLoan offers a convenient and efficient borrowing solution.
Securing EpsiLoan by Providing yUSD to the Stability Pool in Exchange for Rewards: Participants can contribute to the stability and resilience of the EpsiLoan protocol by providing yUSD to the Stability Pool in exchange for rewards. By supplying liquidity to the Stability Pool, users play a vital role in maintaining the peg of yUSD to the USD and stabilizing the protocol. In return, they earn rewards for their contribution, incentivizing active participation and engagement within the EpsiLoan ecosystem.
Staking ELN to Earn Protocol Revenue: Users can stake ELN (EpsiLoan Token), the native utility token of EpsiLoan protocol, to earn protocol revenue. By staking ELN, users contribute to the governance and operation of the protocol while also earning rewards in the form of protocol revenue. This incentivizes long-term participation and alignment of interests among stakeholders, fostering a vibrant and sustainable ecosystem.
In summary, EpsiLoan offers a comprehensive suite of use cases that empower users to participate in various aspects of the DeFi ecosystem, from securing Ethereum to borrowing stablecoins, providing liquidity, and earning rewards through staking. With its innovative features and user-centric approach, EpsiLoan aims to drive adoption, foster innovation, and unlock new opportunities for financial inclusion and empowerment within the decentralized finance space.
Last updated