🕹️How to Use

The Basics

There are two categories of tokens: Blue-Chips and Isolated.

Blue-chip tokens have full cross-collateralization, and isolated tokens are... well... isolated.

However, that doesn't stop us from borrowing/lending isolated tokens as if they're cross-collateralized. Yep, you can borrow anything and everything while lending anything through the power of transmutation.

Without transmutation, you can still deposit any token to earn the lending rate. And you can borrow blue-chip tokens with your blue-chip collateral.

Landing page with testnet pools.

You can borrow isolated tokens with the same isolated token. This might sound weird at first, because why would you borrow PEPE and lend it at the same time, until you learn that Nashed works with the Itos PM. Therefore it can use PEPE LPs, locked PEPE, and other PEPE derivatives as collateral for borrowing plain old PEPE. Basically you're liquid-staking... everything.

You can find more about the health factor rules in the Itos Whitepaper. To keep it simple, blue-chip borrows against blue-chip collateral is normal, there is a visible health factor you can track. Isolated tokens borrow against positions in that same token.

Transmutation

This is where the real power of Nashed comes in. When you go to lend a token, that supplied token can be transmuted into any other token. So a blue-chip can be transmuted into an Isolated if you want to borrow a specific isolated token. And an isolated token can be transmuted into a blue-chip like USDC so you can add to your blue-chip collateral and borrow blue-chips freely.

Now if you have piles and piles of some random token, you can put it to use and get some capital efficiency out of it.

If you have a specific token you want to short, but nowhere lends it, check Nashed, we probably will!

We transmute PEPE into USDC collateral.

Pairwise Secure

When you borrow there is also an advanced feature which is a secure borrow. When secured, there is no fear of liquidation. Instead you deposit collateral that is specific to this borrow, and then we open the insurance required to bind these two positions together. Overall your portfolio does not increase its debt, this position cannot be liquidated, and is not affected by your other borrows.

We secure an ETH borrow with USDC

You can choose to securely borrow any token, blue-chip or isolated.

Portfolio Protection

You can also fully secure an entire portfolio. Simply hit the lock button, and be free of all liquidations. We'll let you know the historical funding cost upfront. Remember the cost goes up only if you actually need the portfolio protection (aka it prevented a liquidation).

A locked portfolio can be locked and unlocked at any time.