Augusta Finance: New Gem to Watch On

@Augusta_finance is an exciting project that offers a unique product and a range of features for cryptocurrency enthusiasts. Their primary purpose is to empower users to pledge their veNFTs on Augusta and borrow ETH, thereby increasing capital utilization efficiency and unlocking liquidity for otherwise illiquid veNFTs. This innovative approach sets @Augusta apart from traditional methods, as they use the Convex fork model for liquidity release of veTokens. Instead of permanently locking the original veTokens and creating a one-to-one mapping with liquidity receipts, Augusta takes a different approach.

@Augusta_finance has an ambitious vision of becoming the liquidity governance hub on the OP Stack, and their journey begins with Velodrome. Velodrome Finance is a ve(3,3) dex built on Optimism. It has successfully accumulated liquidity from various protocols on Optimism using the bribe mechanism facilitated by veVELO. As the voting-locked token, veVELO exists as an ERC-721 standard NFT.

Connecting with @Augusta_finance can provide you with the opportunity to explore these exciting features and be part of their innovative community. Don’t miss out on joining them and experiencing the future of decentralized finance firsthand!

Join here: https://zealy.io/c/augustafinancedefi/invite/XFfinz1el0kLjcypPba41