How to Use Meshswap Polygon Leverage Yield Farm for Staking Polygon Matix MaticX token for 61% APR!
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Meshswap Polygon Leverage Yield Farm for Staking Polygon Matix-MaticX token for 61% APR. Meshswap is a unique autonomous finance protocol that provides various revenue generation opportunities such as Swap, Lend, Leverage farm, and Stake on a Polygon network that is not possible in traditional finance. Meshswap has a structure that combines the AMM (Automated Market Maker) DEX. The protocol token is MESH. The automatic inflationary MESH token is distributed to MESH stakers. 50% of the swap transaction fee is used for MESH Buyback & Burn, and the remaining 50% is distributed to Liquidity providers and Pool voters as a reward. Lenders can easily and safely earn interest and $MESH rewards by depositing their assets into lending pools in Meshswap. Liquidity providers who provide pair of two coins in a farming pool in exchange for yields and borrowers who borrow assets from the lending pool to take leverage in leverage farms to earn transaction fees and higher yields. Staking users who lock up MESH for a certain period in exchange for MESH rewards and Liquidity pool voting rights (vMESH). Meshswap is Autonomous Finance Protocol started with KLAYswap, the largest AMM DEX on the Klaytn chain. Meshswap is intergrated with Orbit Bridge, a main cross-chain bridge with more than $700M in total value locked. Assets deposited into wallets via Orbit bridge (Orbit equivalent tokens): oETH, oMATIC, oUSDC, oUSDT, oDAI (Polygon network).
Meshswap Wallet Next, I will show you wallet section, where you can see different tokens and their wrapped or pegged tokens' prices in dollars. For example Matic has Wrapped Matic (WMATIC), Orbit MATIC (oMATIC), and MaticX. Wrapped Ethereum (WETH) and Orbit ETH (oETH). USDC and Orbit USDC (oUSDC). USDT and Orbit USDT ( oUSDT). DAI vs Orbit Dai. Wrapped Bitcoin (WBTC) vs Orbit Wrapped Bitcoin (oWBTC).
Meshswap Direct Deposit of XRP tokens Next, I will show you how to deposit XRP tokens directly from a Centralized Exchange directly into Metamask wallet on Polygon network. Meshswap provides an XRP-only personal deposit address that allows users to easily and quickly transfer XRP directly to their personal wallets without bridges. This deposited XRP is called oXRP on polygon network.
OrbitBridge You can use OrbitBrige to bridge tokens from Ethereum, Orbit, Klaytn, BNB, Avalaunche, Celo, Fantom, Gnosis, HECO, ICON, and OKC,networks into Polygon network to use on Meshswap. Go to bridge.orbitchain.io to bridge assests in to Polygon network. Ethereum-based assets and assets from various blockchains such as XRP, KLAY, and KSP, can be transferred to Polygon. The oETH, oMATIC, oUSDC, oUSDT, oDAI bridged via Orbit bridge can move freely between networks at an equivalent token value. Following Ethereum network assests ETH, MATIC, USDC, USDT,and DAI deposited becomes in Polygon network wallets via Orbit bridge: oETH, oMATIC, oUSDC, oUSDT, and oDAI.
Meshswap Non leverage Yield Farms Meshswap support Web2.0 wallet like Metamask, Wallet Connect, Coinbase Wallet, Portis, and Fortmatic for desktop and Mobile wallet. It also support follwoing Mobile only wallets from Huobi Wallet, D'CENT, and O3 Cross-chain wallet. Make sure you select Polygon network. If you want to hold ETH and MATIC for the long term, provide liquidity to WETH-oETH, WMATIC-oMATIC, or WETH-WBTC. You can provide liquidy for Stablecoins such as USDC-oUSDC, oUSDC-oUSDT, USDT-oUSDT, USDT-DAI,oUSDC-oDAI.
Meshswap Leverage Liquid Farms Currently total APR is 41% where MESH APR is 11.93. WMATIC borrow APR is -45.79% and MaticX Borrow APR is -25.70%. SD Airdrop is 100.76%. I am at 6x leverage.
Risk and rewards in Meshswap I like the fact that Meshswap supports leverage Farms. The risk with leverage farms is like in my case for WMATIC-MATICX if debt ratio is more than 92%. Normally it is only 85% you risk liquidation. If you want to play safe, reduce your leverage position. I am leverage at 6.2x. I would reduce it to 5x. As you can see when I am trying to withdraw I am getting 0.9 Strader token (SD token) and 0.2 MESH swap (MESH token) as rewards. As usual I have to pay 1% slippage for withdrawal. I like the fact in Meshswap, I can invest in invest in two side same token such as on WETH-oETH, WMATIC-oMATIC, or even blue chip tokens like WETH-WBTC to allow my ETH, MATIC or BTC grow over time.
If you enjoy this MATIC single sided staking at 61% APR on Meshswap video, please subscribe and hit the like button show some love. Happy crypto.
Time Stamp: 00:00 Introduction Meshswap 01:50 Meshswap Wallet 02:35 Meshswap Direct Deposit of XRP tokens 03:18 OrbitBridge 04:22 Meshswap Non leverage Yield Farms 05:22 Meshswap Leverage Liquid Farms 08:12 Risk and rewards in Meshswap
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