FXB20551231 tokens earn the highest possible amount of FXTL points when deployed into BAMM (217 FXTL per hour). Users that borrow FXB20551231 tokens from BAMM receive 217 FXTL per hour per FXB20551231 borrowed. As a result, borrowers of FXB20551231 have historically been willing to pay much higher then standard interest rates (over 100% APR).
In addition to earning potentially over 30% APR with IQ-FXB20551231 BAMM Liquidity, deploying BrainDAO IQ-FXB20551231 Liquidity would have the added benefit of providing IQ holders with an avenue to generate a high amount of FXTL points by using IQ as collateral to borrow FXB20551231. Users continue earning FXTL from borrowed FXB20551231 even if the borrowed FXB20551231 is sold.
This is a proposal for the BrainDAO to deploy $100K in IQ-FXB20551231 Liquidity. This Liquidity can be migrated from the BrainDAO’s IQ-frxUSD BAMM liquidity or from elsewhere at the discretion of the IQ team.
Current IQ-FXB20551231 Liquidity is earning 27% APR as of August 27.