Function Users

Here we try to catalogue different types of users for each of the 3 main features of the protocol as well as the motivations for each user type

Borrowers looking leverage up their exposure to the underlying collateral
Arbitrageurs taking advantage of when SALT is trading above PEG in the liquidity pools
Yield farmers looking to be more capital efficient buy borrowing against stETH and SALT placed in liquidity pools to generate yield.
People looking to leverage their yield on Staked ETH

Allocators looking to get access to a negatively correlated asset

Flash loan users looking to arbitrage liquidity pool prices

Borrowers with SALT looking to buy ETH to gain exposure

Arbitrageurs taking advantage of differing prices between DEXes

SALT pool liquidators selling collateral for SALT

Outside parties looking to gain access to the SALT pool by selling ETH for SALT to deposit

Last updated 1 month ago