Juice Finance is a platform designed to empower users with its composable leverage, maximizing yield and point farming activities. Built on Layer 2 of the Blast ecosystem, Juice Finance introduces groundbreaking cross-margin lending capabilities. It utilizes Blast’s native rebasing tokens (ETH, WETH, and USDB) along with gas refund mechanics. The platform is fully built for lenders and borrowers to deliver every possible return.
What is Juice Finance?Juice Finance is a cross-margin DeFi application built on the Blast ecosystem Layer 2 structure. It offers cross-margin lending using Blast native rebasing tokens (ETH, WETH, and USDB) and features gas refund mechanics. The platform enhances users’ yield and point farming activities within the ecosystem by enabling composable leverage. Juice Finance aims to be the go-to platform for users seeking maximum yield. Its innovative protocol offers up to 300% leverage on ETH collateral, enabling users to achieve higher returns and point farming in the most well-vetted and popular Dapps within the Blast ecosystem, which is designed to help users accumulate high yields, high points, high airdrops, and high returns.
What is Point Farming?In the crypto world, Point Farming refers to the process of earning points or rewards by participating in various activities on the platform. These points can often be accumulated through actions like staking, lending, or trading. These points are like ERC or BEP tokens but cannot be swapped or transferred outside of protocol, and they are also managed centrally by the issuer platform.
Key FeaturesThe protocol offers every feature for users looking to maximize their yield potential. By leveraging Blast’s Layer 2 structure and native tokens, Juice Finance provides a seamless experience for lending, borrowing, farming, and more.
LendingEarn passive APY by providing USDB or WETH liquidity without worrying about impermanent losses. Users also accumulate JUICE points.
BorrowingAccess up to 3x leverage by collateralizing WETH or an LRT, and reinvesting borrowed funds into integrated DeFi vaults for enhanced yields.
Farming VaultsDeposit borrowed assets into JUICE Vaults that collaborate with protocols like Thruster, Hyperlock, Wasabi, and Particle to maximize returns.
Points and Yield FarmingThe platform allows users to engage in yield farming and accumulate JUICE points. These points can be earned by participating in various activities in the protocol. Users can also earn partner points of their full deposit value if they use partner vaults in addition to Blast Gold points. The points names include Juice Points, Etherfi Points, EigenLayer Points, Hyperlock Points, Thruster Points, Blast Points, and Blast Gold Points.
Direct Access to Other Blast ProtocolsJuice provides direct access to various farming protocols within the Blast ecosystem, such as EtherFi, Renzo, and Ethena. This integration simplifies the process of staking and farming.
Partnered with Top Liquidity ProvidersJuice Finance collaborates with top liquidity providers to ensure strong liquidity for its users. These partnerships help maintain a stable and efficient market, providing users with better lending and borrowing conditions and access to high-quality liquidity pools.
Juice Finance FunctionalitiesJuice Finance offers a range of functionalities to enhance user experience and unlock new DeFi opportunities. While it primarily focuses on lending, borrowing, and yield farming, other key functionalities also play a crucial role
UsersThe lending and borrowing protocol allows users to margin trade with up to 300% leverage across the Blast ecosystem. Users serve two primary roles in the protocol: lenders and borrowers. Each role is crucial to the platform’s ecosystem, contributing to its liquidity, stability, and growth.
LendersLenders provide liquidity to the platform by depositing assets such as USDB or WETH into the liquidity pools. For liquidity, lenders earn an annual percentage yield (APY) with impermanent loss protection and Juice points, blast points, and Blast Gold points. This role is crucial for maintaining the platform’s liquidity and stability so that borrowing activities run smoothly.
BorrowersBorrowers can leverage up to 300% of their collateral, such as WETH or LRT, to access USDB or WETH from the lending pools. After accessing borrowing tokens, users can use these tokens in the Blast ecosystem to maximize point & yield farming. Users can efficiently manage their borrowings and positions through a dedicated smart contract account.
LendingThe Juice Finance lending protocol works as a pool system where lenders can deposit USDB or WETH. These assets are then available for borrowers, who must post collateral to ensure the safety of the lenders’ funds. Lending on Juice Finance is passive, meaning lenders do not need to actively manage their investments and face no impermanent loss. On the other hand, lenders will also earn farming points.
Juice Finance assures the safety of the lenders. The borrowers must first collateralize their assets, like WETH or LRT, before accessing the lender’s funds. The collateralization process provides security for lenders’ funds, and if necessary, the collateral can be liquidated to repay the lenders. The collateralization ratios may vary based on the type of borrowing and associated risk parameters. All borrowers pay a lending fee (APR) to the pool, distributed pro-rata among all lenders based on their pool share.
On Juice, two lending options are available: USDB and WETH, and both are passive deposits.
USDB Lending: Lenders can deposit USDB into this pool, which allows borrowers to use WETH as collateral and take out USDB loans. WETH Lending: This pool is designed for borrowers seeking WETH loans. These loans enable engagement with the platform’s LRT vaults, using collateral for further DeFi activities. The process involves swapping deposited WETH for LRTs on Thruster to provide liquidity for leveraged yield farming. Upon withdrawal, LRTs are swapped back to WETH. Smart contracts manage this entire mechanism, so users don’t see LRTs during the yield farming phase.
The interest rates for USDB and WETH lending pools vary based on the utilization of lender funds by borrowers. As fund utilization increases, so does the associated risk, which leads to a higher annual percentage rate (APR).
BorrowingThe borrowing process on Juice Finance is designed to be seamless and user-friendly. Borrowers on Juice Finance can leverage up to 3x by depositing WETH as collateral to borrow USDB from the platform’s pools. This borrowed USDB can be utilized across various vetted Blast ecosystem DeFi protocols and strategies, providing opportunities for yield farming and maximizing returns. However, borrowing from JUICE Finance carries risks, including the possibility of liquidation. If liquidation occurs, the borrowed funds and the deposited collateral are at risk of loss.
Like lending, the borrowing protocol is not passive; users must manage it actively. After creating a borrowing account, a smart contract known as the Borrower Credit Account is generated. The borrower manages this contract and handles essential functions such as receiving loans from the lending pool, interacting with various yield-generating strategies, and managing positions or loan repayments.
Users can manage their liquidation status, depending on the “Health Factor.” The Health Factor calculates equity by summing up collateral, investment, and credit values, requiring equity to exceed the loan value by a certain threshold to maintain solvency. If the Health Factor values are below 125% or close to it, liquidation may trigger. So borrowers must manage their collateral to keep its value above 125%.
VaultsVaults is for Juice Finance borrowers who can leverage their assets across the Defi protocol to optimize yield and point farming strategies. This flexibility enables borrowers to diversify their investments and choose the most suitable protocols to maximize returns. Borrowers have full flexibility in selecting their risk and vault strategies from a range of protocols, which means they can choose the strategies that best align with their investment goals and risk tolerance. But borrowers must understand that all trades and farming operations occur on third-party protocols such as Thruster, Hyperlock, and Particle, on which Juice Finance does not have control. Currently, Juice Finance has over 10 Vaults listed on the platform, with four integration types.
Liquidity Pools: These pools facilitate trading and provide liquidity for various assets. Each pool has its own characteristics and risks.Leveraged Spot: Leveraged spot trading enables users to amplify their trading positions, potentially increasing profits but also magnifying losses.Perpetual Liquidity: Perpetual liquidity pools support perpetual swaps, a type of derivative contract, offering continuous trading opportunities.Managed Pools: These pools are actively managed by protocols to optimize returns, often employing sophisticated strategies.
PointsJuice Finance has adopted a points system to encourage and reward early users. As users engage with the protocol, they earn points that can be tracked within the platform. These points can provide additional benefits. The points system is available for both lenders and borrowers but varies depending on token types.
LendingSupplying USDB: Every $1 (USDB) lenders supply to Juice’s USDB lending pool will earn:
0.000034722 Juice Points Per second0.0020833 Juice Points Per Minute0.125 Juice Points Per Hour3 Juice Points Per Day
Supplying wETH: Every 1 wETH lender supplies to Juice’s wETH lending pool will earn:
0.13368 Juice Points Per second8.020833 Juice Points Per Minute481.25 Juice Points Per Hour11,550 Juice Points Per Day
BorrowingDepositing wETH as Collateral: Every 1 wETH user deposits to Juice’s collateral vault pool will earn:
0.0058 Juice Points Per second0.347 Juice Points Per Minute20.833 Juice Points Per Hour500 Juice Points Per Day
Borrowing USDB: Every $1 USDB that users borrow using a sub-account will earn:
0.00001157 Juice Points Per second0.0006944 Juice Points Per Minute0.041667 Juice Points Per Hour1 Juice Point Per Day
FeesJuice Finance charges a certain fee depending on the interaction and strategy chosen within the protocol. These fees are used for treasury accumulation, supporting the protocol’s long-term growth, and providing future incentives for users. The collected fees also help establish and sustain the future DAO.
Deposit Fee: This fee, typically 0.5% to 2%, is charged when entering a strategy.Lending Service Fee: This potential fee includes a spread fee within the Lend APY. It represents the cost borrowers pay to lenders on open loans.Liquidation Fees: When an account is liquidated, JUICE typically charges a 5% fee on the liquidation proceeds.Airdrop Fees: Applied to strategies that interact with external protocols, which are up to 10% on each airdrop allocation.
Juice TokensJuice is the native token of Juice Finance and will be used as a governance token for the protocol. In the future, the Juice DAO will have the authority to decide on various aspects of the protocol, such as implementing buy-back and burn mechanisms using part of the protocol fees. This governance structure will allow the community to directly impact the platform’s development and direction. The $Juice token was initially launched as a governance token for the JUICE Finance protocol. It is gradually evolving to serve as a utility token as well. This transition offers Juice additional functionalities beyond governance, such as staking and buyback.
Token Name: Juice FinanceSymbol: JUICEType: Governance & UtilityChain: ERC-20 (on Blast L2)Circulating Supply: 171,777,778 JUICEMaximum Supply: 1,000,000,000 JUICE
How do I Obtain JUICE Tokens?
Go to Gate.io Exchange and create an account by entering your email ID and password.Set up your fund password by entering settings; this password will be asked during fund withdrawal.To buy JUICE tokens, you must complete KYC with the proper documents.After KYC, go to Spot Trade, search for SEAM, and select.After opening the new page, fill in the amount in JUICE or USDT you want to buy, and click the buy button.After a successful buy, go to the Wallet > Withdraw page.Here, select JUICE, and then enter the wallet address.It will ask you for your fund password, 2FA, and email code; enter them correctly and submit. Your JUICE will arrive in your wallet after a few confirmations.
ConclusionJuice Finance is transforming the DeFi landscape with innovative features and strategies designed to maximize returns for lenders and borrowers. As a dynamic platform built on the Blast ecosystem, Juice Finance offers a seamless experience for lending, borrowing, and yield farming, all powered by its Blast native tokens, such as USDB and WETH.