Palm Finance

Palm Finance is a cross-margin lending protocol on Ethereum that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as wETH and yield-bearing stablecoins in a single debt position for 0% interest. Farming and staking rewards are auto-compounded when interest-bearing token such as staked assets or LP tokens are deposited onto Palm Finance’s platform, opening up numerous leveraged farming strategies. Borrowersyreceive PUST, an overcollateralized stablecoin which can be swapped for additional assets and subsequently re-deposited into Palm Finance to build a leverage position. At any time, 1 PUST can be redeemed for $1 of underlying collateral minus redemption fees. Palm Finance builds off Liquity's economic model to ensure peg stability and efficient liquidations.