How to Engage with Meow Finance

Last updated 3 years ago

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How to Engage with Meow Finance

In Meow Finance, there are 2 main ways with its strategies you can make your assets grow. But first of all, there are 7 asset vaults of FTM, BTC, USDC, fUSDT, DAI, wETH, and BOO provided on Meow platform.

1. Lending and Staking

Shortly, you can lend FTM, BTC, USDC, fUSDT, DAI, wETH, or BOO in order to receive ibToken and stake them to earn $MEOW reward

How to lend👇

How to Stake ibToken👇

2. Farm (Borrow)

You can borrow FTM, BTC, USDC, fUSDT, DAI, wETH, and BOO for leveraged liquidity adding (leverage up to 3x) on SpookySwap to earn trading fee and yield farming APY%.

👇The minimum required borrowing amount and more information about each pool,:

Strategy 1: Farm With No Leverage

You can farm SpookySwap LP token pair on the available pools with no leverage or just 1x.

For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1 leverage. It means there's no leverage or liquidation for Sam's position. Sam will get to do the normal yield farming without having to lose his time doing the whole process of yield farming (Add liquidity+Stake).

Strategy 2: Farm With Leverage

You can regularly farm SpookySwap LP token pair on the available pools with leverage of x1.5 x2 x2.5 x3 in a minimum borrowed amount we require for each vault.

For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1.5 x2 x2.5 x3 leverage which means Sam will borrow some of the assets either FTM or USDC on his choice. Sam will face the liquidation risk but also has more chances to earn more yield.

Strategy 3: Open Long Position

You can farm Token - Stablecoin pair (for borrowing Stablecoin) to open LONG position when expecting that the token's value of that pair will increase as a bullish point of view, with leverage more than x2 in a minimum borrowed amount of $100

For example, Sam is bullish on FTM so he wants to go long for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing USDC. The more leverage the more FTM amounts he goes long on this position.

Strategy 4: Open Short Position

You can farm Token - Stablecoin pair (for borrowing Token / Coin) to open SHORT position when believing that token's value of that pair will decrease in the near future, with leverage more than x2 in a minimum required borrowing amount.

For example, Sam is bearish on FTM so he wants to go short for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing FTM. The more leverage the more FTM amounts he goes short on this position.

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Last updated 3 years ago

Was this helpful?

1. Lending and Staking

Shortly, you can lend FTM, BTC, USDC, fUSDT, DAI, wETH, or BOO in order to receive ibToken and stake them to earn $MEOW reward

How to lend👇

How to Stake ibToken👇

2. Farm (Borrow)

You can borrow FTM, BTC, USDC, fUSDT, DAI, wETH, and BOO for leveraged liquidity adding (leverage up to 3x) on SpookySwap to earn trading fee and yield farming APY%.

👇The minimum required borrowing amount and more information about each pool,:

Strategy 1: Farm With No Leverage

You can farm SpookySwap LP token pair on the available pools with no leverage or just 1x.

For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1 leverage. It means there's no leverage or liquidation for Sam's position. Sam will get to do the normal yield farming without having to lose his time doing the whole process of yield farming (Add liquidity+Stake).

Strategy 2: Farm With Leverage

You can regularly farm SpookySwap LP token pair on the available pools with leverage of x1.5 x2 x2.5 x3 in a minimum borrowed amount we require for each vault.

For example, Sam wants to farm on FTM-USDC pair. Sam can add $FTM, $USDC or both for x1.5 x2 x2.5 x3 leverage which means Sam will borrow some of the assets either FTM or USDC on his choice. Sam will face the liquidation risk but also has more chances to earn more yield.

To Open Leverage Position

Strategy 3: Open Long Position

For example, Sam is bullish on FTM so he wants to go long for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing USDC. The more leverage the more FTM amounts he goes long on this position.

To Open Long Position

Strategy 4: Open Short Position

For example, Sam is bearish on FTM so he wants to go short for FTM. With FTM-USDC pair, Sam can add $FTM, $USDC or both for more than x2 leverage on borrowing FTM. The more leverage the more FTM amounts he goes short on this position.

To Open Short Position