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The Warp Protocol’s primary objective is to create a novel use case for unused Liquidity Provider (LP) tokens by allowing them to be used as collateral for borrowing. So far, it wasn’t possible to effectively use your LP tokens and we want to unlock additional benefits of LP tokens for DeFi users. On Uniswap alone, there is currently $3.98 billion locked in LP tokens and our platform allows LPs to increase the capital efficiency of their liquidity or even modify their exposure. reference
Posted on 14 Oct 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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