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Lodestar Finance
Lodestar Finance is a decentralized money market protocol on the Arbitrum network, focusing on unlocking lending and borrowing for native assets such as ARB, MAGIC, and GMX.
Distributed
Description
Lodestar Finance is a decentralized borrowing and lending protocol built on the Arbitrum network. It enables users to supply digital assets to earn interest and LODE incentives, or borrow against their collateral to leverage yield or open long/short positions. The protocol also features a staking mechanism where users can stake their earned LODE tokens to receive rewards in WETH, with options to lock for additional boosts. Locked LODE stakers gain governance power to direct LODE emissions within the Lodestar markets. The platform focuses on supporting Arbitrum native assets such as ARB, MAGIC, and GMX.Grant Funding
VC Funding
ARB
2023
$1.2M
$616K