Extra Finance
What is the project? Extra Finance is a leveraged yield farming and lending protocol built on Optimism. What makes the project unique? On Extra Finance, users can implement customized yield farming strategies or deposit funds into lending pools to earn lending interest. Project history. 23 year 2023 month: Testnet launched on Optimism 9 year 2023 month: Mainnet launched on Optimism What are the project's plans for the future? Extra Finance's roadmap is as follows: 2023 Q3: Integrate CLAMM One-click yield farming templates Yield farming simulation and calculation tools 2023 Q4: Launch advanced strategy vaults 2024 Q1: Social yield farming: Users follow yield strategies created by other users Extra Finance V2 What can your token be used for? Extra Finance uses two tokens to manage its utility and governance: `$EXTRA`——the protocol's ERC-20 utility token `$veEXTRA`——the protocol's ERC-20 governance token `$EXTRA` is used to reward liquidity providers through token emissions. This governance token is used for governance. Any `$EXTRA` holder can lock their tokens for voting and receive a governance token in exchange. Utility By holding the governance token, users can unlock the following benefits and features: Rewards from protocol fees and `$EXTRA` token incentives.APR rewards. - Protocol fees consist of various tokens collected in the treasury and are distributed once per epoch. The protocol uses them to buy back `$EXTRA` tokens from the market and then distributes them to governance token holders. - A portion of the `$EXTRA` tokens allocated to the community will also be distributed to governance token holders according to a specific emission schedule. - At the end of each epoch, rewards will accrue. Unlock up to 4x leverage for yield farming pools. Gain access to high-utilization lending pools. (Governance token holders only) Participate in community voting and governance. The governance token represents voting power in Extra Finance's on-chain governance process. Users can use it to vote for or against community proposals.
Overview
What is the project? Extra Finance is a leveraged yield farming and lending protocol built on Optimism. What makes the project unique? On Extra Finance, users can implement customized yield farming strategies or deposit funds into lending pools to earn lending interest. Project history. 23 year 2023 month: Testnet launched on Optimism 9 year 2023 month: Mainnet launched on Optimism What are the project's plans for the future? Extra Finance's roadmap is as follows: 2023 Q3: Integrate CLAMM One-click yield farming templates Yield farming simulation and calculation tools 2023 Q4: Launch advanced strategy vaults 2024 Q1: Social yield farming: Users follow yield strategies created by other users Extra Finance V2 What can your token be used for? Extra Finance uses two tokens to manage its utility and governance: `$EXTRA`——the protocol's ERC-20 utility token `$veEXTRA`——the protocol's ERC-20 governance token `$EXTRA` is used to reward liquidity providers through token emissions. This governance token is used for governance. Any `$EXTRA` holder can lock their tokens for voting and receive a governance token in exchange. Utility By holding the governance token, users can unlock the following benefits and features: Rewards from protocol fees and `$EXTRA` token incentives.APR rewards. - Protocol fees consist of various tokens collected in the treasury and are distributed once per epoch. The protocol uses them to buy back `$EXTRA` tokens from the market and then distributes them to governance token holders. - A portion of the `$EXTRA` tokens allocated to the community will also be distributed to governance token holders according to a specific emission schedule. - At the end of each epoch, rewards will accrue. Unlock up to 4x leverage for yield farming pools. Gain access to high-utilization lending pools. (Governance token holders only) Participate in community voting and governance. The governance token represents voting power in Extra Finance's on-chain governance process. Users can use it to vote for or against community proposals.