Archimedes Finance is a novel platform for lending and borrowing. The platform offers liquidity providers (Lenders) an opportunity to earn higher and more sustainable APYs. Meanwhile, leverage takers (Borrowers) can earn up to 10 times the yield provided by yield-bearing stablecoins, such as OUSD.
Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (ARCH/USDT – Trade it here) on our Innovation Zone! Check it out now!
What Exactly is Archimedes Finance?
Archimedes is an innovative lending and borrowing marketplace that operates on Decentralized Exchanges. The platform offers attractive returns to lenders by providing top-of-the-market native sustainable real yield on its liquidity pool. Users can also create leveraged positions of up to 10x on yield-bearing stablecoins, providing a better user experience.
In addition to attracting sustainable long-term capital, Archimedes aims to broaden the appeal of DeFi and create more favorable conditions for institutional and retail investors. As an open-source software, it provides groundbreaking solutions that generate relatively high yet realistic returns while mitigating risks such as position liquidation and market volatility.
The platform is fully collateralized and has been designed to reduce user risks by working only with battle-tested partners and choosing not to launch with a liquidation mechanism. Archimedes brings innovation to the way borrowers purchase access to leverage and how emissions are designed to reward lenders.
Benefits of Using Archimedes Finance
Archimedes Finance stands out from other DeFi borrowing and lending protocols by taking a qualitative approach that generates benefits for both borrowers and lenders.
Borrowers (Leverage Takers)
Borrowers on Archimedes can access up to 10x leverage to amplify the return on interest-bearing stablecoins. The platform offers top-of-the-market stablecoin APYs while keeping the liquidation risk low. Unlike many other DeFi protocols, Archimedes chooses to launch without a liquidation mechanism and only supports the highest quality partners, reducing the risk for borrowers.
High leverage helps sustain high yields on leveraged assets, providing sustained APY for borrowers. With Archimedes, borrowers can automate their position with a “set and forget” feature, without needing to manage it manually by compounding or switching positions.
Each position is wrapped as an NFT, making it tradable without the need to unwind it. Archimedes also offers a predictable and innovative fee model. Leverage takers or borrowers pay all their fees upfront via Archimedes’ bidding mechanism through an Auction. This means there are never any variable interest payments to track, and the market sets the price for leverage.
Lenders (Liquidity Providers)
Archimedes Finance also provides real yield and cutting-edge dynamic emission as benefits to its liquidity providers. While AAVE or Compound offers 1-5% returns on stablecoins, Archimedes enables its liquidity providers to earn higher returns without the need to provide liquidity to non-stablecoin pools, which come with a high risk of impermanent loss.
Unlike other protocols where liquidity pool APYs fluctuate based on supply and demand, mostly coming from CRV emissions and not from real economic activity, Archimedes aims to offer “Real Yield.” This refers to the reward lenders receive as a share of protocol revenue generated from real economic activity. By executing Real Yield properly, Archimedes aims to address expensive pool hopping, harvesting, and compounding for investors, avoiding all the hassle and gas fees, all for a smaller protocol fee.
Additionally, Archimedes provides a novel solution to governance token emissions, further rewarding liquidity providers. The emission is designed to avoid overinflation and ensure that ARCH emission volume varies to counterbalance ARCH price variations. This ensures that APYs are sustainable and designed for the long term, providing an attractive benefit to liquidity providers.
How Does Lending in Archimedes Finance Work?
Archimedes Finance offers a lending mechanism designed for lenders seeking stable, relatively low-risk top-of-market returns. Liquidity providers to the Archimedes 3CRV/lvUSD pool lend their funds to borrowers, supporting leveraged stablecoin positions.
Borrowers or leverage takers can borrow funds for a limited timeframe and pay all interest up front in ARCH tokens. Additionally, a performance fee is charged on top of each leveraged position. These fees, along with the cutting-edge dynamic ARCH emissions, determine the APY for lenders.
Where to buy ARCH Token
You can find ARCH Token here at MEXC! We are listing ARCH/USDT in our Innovation Zone!
What is the Price of ARCH Tokens?
ARCH token is currently trading at MEXC for the price of $10.11 per unit. It has a market cap of $777,320 and a fully diluted market cap of $1,012,928,444. It also has a 24-hour trading volume of $103,491. You can check the live price of their token right here!
How to buy ARCH Tokens on MEXC
You can buy ARCH Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “ARCH” using the search bar to see the available trading pairs. Take ARCH/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of ARCH you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy ARCH] to confirm your order. You will find the purchased ARCH in your Spot Wallet.
You can find a detailed guide on how to buy ARCH Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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