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Unlock HOLLAR Strategy for $vDOT Earnings
HOLLAR is officially live!
As Hydration’s native decentralized stablecoin, HOLLAR brings a battle-tested foundation (built on AAVE) enhanced by the HOLLAR Stability Module for robust peg support. This marks a significant leap forward for DeFi in the Polkadot ecosystem.
Here’s a simple yet powerful strategy to maximize your $vDOT earnings with HOLLAR:
Step-by-Step Strategy:
1️⃣ Supply $vDOT – Continue earning vDOT APY and compound staking rewards while using your assets as collateral.
2️⃣ Borrow $HOLLAR – Maintain a safe health ratio (safety first!).
3️⃣ Go to STRATEGIES:
4️⃣ Select HOLLAR – Choose the asset you just borrowed.
5️⃣ Pick a Stable Reserve Strategy – Opt for a Hollar strategy that suits your goals.
6️⃣ Add Liquidity – Deploy your HOLLAR into the chosen strategy.
7️⃣ Monitor Your Position – Return to the Borrow section to keep tabs on your health ratio.
You can earn the difference between the HOLLAR borrow cost (5% APY) and the supply yield (17.35-19.36% APY).
Plus, you keep earning an additional 11.55% APY with your supplied $vDOT.
Pros & Cons:
✅ Pros: Maximize yields without selling your LST assets—ideal for the upcoming Bull Run.
⚠️ Cons: Supply/borrow caps may limit availability, and active position management is required.
HOLLAR has already hit its 2M initial borrow cap, with the peg holding strong at $1. Rewards are flowing—don’t miss your chance to hydrate your stables and earn up to 20% in GIGADOT rewards!
Start today and put your $vDOT to work like never before. If you have any good strategies, feel free to share!