Contract: 0xf8f7de0ef16072b51e060f4586982fa5420eb351
WebSite
rainbowapp.liveSummary
The end game for liquid staking tokens - A non-custodial and decentralized Ethereum LST-backed stablecoin
wstETH - Total Value Locked $0.0 Minted mkUSD 0.0/∞ MCR 120% Staked Ether APR 0.0% Choose wstETH
rETH - Total Value Locked $0.0 Minted mkUSD 0.0/∞ MCR 120% Staked Ether APR 0.0% Choose rETH
cbETH - Total Value Locked $0.0 Minted mkUSD 0.0/∞ MCR 120% Staked Ether APR 0.0% Choose cbETH
sfrxETH - Total Value Locked $0.0 Minted mkUSD 0.0/∞ MCR 120% Staked Ether APR 0.0% Choose sfrxETH
Mint - Choose your favorite LST and deposit it as collateral and mint your desired amount of mkUSD.
Collateral Ratio - 120150200250 mkUSD 0.0 wstETH Collateral 1.8 (with a Collateral Ratio of 180%)
Earn - Take advantage of mkUSD’s yield opportunities via Curve and Convex pools or Rainbow’s own Stability Pool.
Vote - Earn RBOW for minting mkUSD, maintaining an active loan or depositing into the stability pool. Lock this RBOW to direct emissions and take advantage of additional incentives.
Coming Soon - Take advantage of Ethereum’s proof of stake network and unlock loans where the collateral grows. Since Ethereum’s transition to proof-of-stake, staked Ether has been an attractive yield opportunity. Using liquid representations of staked Ether as collateral for loans means that your collateral is growing all the time.
Staked ETH APR - 0.0
Total Ether Staked - $0.0
Size of Staked Ether - Staked ETH v LST
What is the Rainbow App? - Rainbow is a decentralized borrowing app that allows users to mint a stablecoin, mkUSD, that is fully collateralized by liquid staking tokens.
How do I use the Rainbow App? - To create a new vault, earn, or vote on governance proposals, head over to the Rainbow interface and connect a Web3 wallet.
How does the Rainbow App work? - Rainbow is a borrowing app. In practical terms, it is a collection of smart contracts that define a standard way to deposit collateral, mint mkUSD, and liquidate positions.
What are the benefits of using Rainbow? - Rainbow offers a capital-efficient borrowing experience with: - A collateral ratio of just 120% - Access to deposit multiple collaterals - Directly redeemable - mkUSD can be redeemed at face value for the underlying collateral, always and at any time - Censorship resistant
What is boost? - Vote locking is a feature on Rainbow where RBOW is locked in return for veRBOW. The longer the time period that RBOW is locked for, the more veRBOWs are received.
Telegram groups:
rainbowapp_portal
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