Twister Finance Beta Release
Bringing Looping and other strategies to Arbitrum
After months of hard work, development and testing, Twister Finance is excited to announce the launch of our Beta.
We believe that Twister Finance has the potential to revolutionize the way people interact with decentralized finance (DeFi), and we can’t wait to see what our users will do with it. Our ethos is to create solutions that allow users to create capital efficiency on their assets using unique strategies that stem from utilizing underutilized assets.
VLP from Vela Exchange
We know that many of our users are excited to start looping VLP on our platform, but we want to address the fact that VLP will not be available the beta. Initially VLP was part of the platform but due to Vela Exchange’s Beta was closed there was no longer a use case for it. We are in contact with the team and will be adding the new version of VLP as soon as they launch again.
New Markets
In the meantime, we have added Arbitrum to our platform, which will allow users to utilize their tokens by borrowing stable coins and buying GLP for increased yields.
We are also planning to add a new asset similar to GLP during the Beta so stay tuned for that announcement. This will differentiate us from others in the space.
We understand that DeFi can be complex and intimidating for some users, which is why we are committed to providing a user-friendly platform that makes it easy for anyone to participate.
We are committed to continuously improve, providing our users with the best possible experience and use case.
Treasury Management
Twister Finance’s management team will actively optimize returns on treasury funds, utilizing returns from providing liquidity. These returns will be essential in making the platform self-sustaining without having to sell large amounts of the platform tokens.
Insurance Fund
A portion of revenue from the platform will be set aside for any future exploits or loss to users. The fund will be revenue generating in which it will mirror the same strategy as the Treasury.
In conclusion, we are excited to launch our Beta this week and provide looping opportunities to our users. Although VLP will not be added with the launch of the Beta, we are actively working to integrate it onto our platform as soon as possible and do have a substitute coming soon for the interim.
We believe that Twister Finance has the potential to make DeFi more capital efficient and offer more interoperability than ever before, and we are excited to see where this journey takes us. This is a community platform, and we want everyone to help us build something that will add value to the space.
