Staked USDC (wUSDM) Leverage

This investment strategy can be proceeded on MANTA PACIFIC network

Leverage Staked USDC (wUSDM) rewards

Staking rewards for USDC with Mountain Protocol Liquid Staking wUSDM token is currently at around 5% APY. In addition to that, Manta Pacific Network is providing MANTA token reward at the same time. Users can leverage staked USDC rewards as below:

1️⃣ Deposit wUSDM on Shoebill V2

2️⃣ Borrow USDC or wUSDM

3️⃣ Deposite USDC through Manta New Paradigm and exchange to wUSDM

4️⃣ Deposite wUSDM on Shoebill V2 again

5️⃣ Repeat other process

Users can leverage for higher APY with low liquidation risk

How does Shoebill returns staking rewards cumulated to wUSDM?

wUSDM is reward accuring token of which the exchange rate increases based on the value comparing to USDC. Shoebill V2 returns the exact quantity to the depositors.

Where can I get wUSDM?

Acquiring wUSDM on Manta New Paradigm