Warp Finance

Dependable and diverse yields: Inside the yAxis v3 upgrade and UIRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$5.3M+0.6%
in ETH1.7K ETH+4.9%
in BTC123 BTC+5.0%
% Supply Locked< 0.01%
Most Locked$UNI-V2-WBTC-ETH
Protocol Token$WARP

Total Value Locked (USD) in Warp Finance

  • TVL (USD)
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Warp Finance?

Warp Finance is an open-source protocol on Ethereum that is creating a novel use case for unused Liquidity Provider (LP) tokens by allowing them to be used as collateral for borrowing. The platform consists of two important components: Borrowers: Users will be able to deposit LP tokens onto the Warp platform and receive stablecoin loans in exchange, while simultaneously earn trading fees from Uniswap. Currently the platform offers Uniswap and Sushiswap LP pairs. These pairs will be deposited at 150% over-collateralization and let borrowers then obtain a stable coin loan of DAI, USDC, USDT or sUSD at a specific interest rate. If the value of collateral dips below the 150% collateralization threshold the liquidation process begins and users of Warp are able to liquidate these positions. Lenders: Lenders will be able to supply DAI, USDC, USDT and sUSD on Warp Finance in exchange for either wDAI, wUSDC, wUSDT or wsUSD, which are interest earning tokens that specify a deposit into Warp Finance platform. Upon successful withdrawal, suppliers will receive back the stablecoin they initially deposited with the addition of interest earned. Warp Finance’s protocol token, WARP, is used in liquidity pools and governance of the protocol.

How to use Warp Finance?

Warp Finance can be accessed on app.warp.finance. After connecting your Ethereum wallet, you are able to access the platform and can start to lend or borrow your tokens.

Notional Finance: the best fixed interest rates in DeFi and TradFi!

Notional Finance is arguably the best fixed-rate borrowing and lending platform in DeFi or TradFi.  That’s because Notional offers users…

2021-11-02Read more >

Oasis.app: Growing Crypto’s Tried-and-True Dai and DeFi Gateway

Maker, Ethereum’s first-ever DeFi application, is a decentralized credit platform offering users access to the most proven permissionless stablecoin to…

2021-09-20Read more >

Founder Fireside Chat with Kryptocucumber of Ruler Protocol

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity…

2021-08-26Read more >

Founder Fireside Chat with Lao Zi of QiDao Protocol

This week we’re joined by Lao Zi, anonymous founder of QiDao Protocol, who shares their advice for building community around…

2021-07-08Read more >