Sake Finance is the DeFi protocol built on Soneium that made my dive and explore at an accelerated speed! It offers lending, borrowing, and stablecoin features, with its overcollateralized stablecoin $SONE backed by yield-bearing assets.
Users can earn by supplying or borrowing assets, engaging in leveraged liquidity strategies, and collecting Sake Points, which may unlock future rewards. With a focus on accessibility, performance, and long-term utility, Sake is positioning itself as a core DeFi layer within the Soneium ecosystem.
Want something new? The Sake Finance $BTC Campaign is now live in collaboration Solv Protocol! Crypto savvy people can now earn while participating in the growing DeFi ecosystem on Soneium.
Here’s how you can get involved:
- Head over to Sake Finance and deposit SolvBTC to earn a 6.19% APY
- Alternatively, deposit assets like ETH, ASTR, USDC, or USDT to borrow SolvBTC.
- Then explore Sake’s Loopers strategies to amplify your yields
Dive into xSolv and earn 5.61% APY plus earn OP rewards while borrowing SolvBTC, or check the new SolvBTC.JUP strategy. You can earn 5.01% APY with additional OP rewards while borrowing SolvBTC.
Sake Finance is making it easy to unlock DeFi potential on Soneium, combining yield opportunities, low gas, and smart strategy design. It’s time to loop, earn, and go mainstream. The force is strong with this one!
OP Rewards are claimable on a weekly basis, with the calculation window running from Tuesday at 5:00 AM UTC to the following Tuesday at 5:00 AM UTC. After the calculation period ends, rewards become available for claim starting at 6:00 AM UTC. This is the way!
The reward for the first cycles were already added, and it's more to come! To claim your rewards, simply visit the Sake Finance Rewards page and see how much $OP you've earned! Stay tuned each week as OP rewards accumulate and ensure you claim on time to make the most of your DeFi strategy!
What did I do? I supplied 0.0012 SolvBTC for some good yield, and also borrowed a small fraction of xSolvBTC for extra Sake points. It's not much but is honest work!
The BTC Campaign will run for a total of 12 weeks, offering up to 66,731 OP in rewards throughout the duration. This is an exciting opportunity to engage in the campaign, with substantial rewards available for active participants.
The campaign will continue to provide regular opportunities for users to earn OP by participating in the BTC-focused strategies, so there's plenty of time to maximize your rewards. Become a Sake Finance padawan, and learn to use the BTC force!
Additionally, there will be another campaign launching later, expanding the rewards and engagement opportunities even further. Be sure to stay active and involved as new opportunities come online. Don't miss out on the current BTC campaign, and sip on some Sake!
Residual Income:
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