Lodestar LODEPrice $ 0.00594

Lodestar Finance is an algorithmic borrowing and lending protocol that is aiming to bring the critical DeFi primitive of decentralized money markets to Arbitrum communities. Key Features of Lodestar Finance:

• Earn interest on assets like MAGIC, DPX, and plvGLP by supplying them to the protocol
• Collateralize your deposit, which enables the ability to borrow crypto assets
• Access liquidity without creating a taxable event
• Employ leveraged trading strategies (long and short positions) by utilizing the borrowing functionalities of the protocol
• Unlock the liquidity of yield bearing assets such as plvGLP without sacrificing the underlying yield.

LODE is a governance token that represents a holders share in the DAO. As a token holder you can vote in proposals governing the platform, and voting power is proportional to token share. Governance would encompass where emissions are directed, adding new pools/products and managing the community fund and treasury.