[ LENX Protocol Deep Dive ]
stablecoin backed by Native BTC with frax finance
investment A BTC ETF DeFi play, LENX_Finance
I hope I have provide you joy, alpha and value throughout my 206 post since Jan2023.
For my loyal readers & community, I apprecate all the dms & support msg throughout my ups & downs this year!
I will keep this substack free, but if you ever want to support me feel free to join my subscription
📍TLDR
@LENX_Finance is a CDP on native BTC enabled by @zetablockchain
It features includes
xBTC ( BTC pegged asset ), BOX ( USD pegged asset )
Native BTC swap
Permissionless BAMM gauge
( Frax's BAMM enabling lending on AMM for more yield in idle capital in LP )