Introduction ​

Millama is a permissionless, decentralized, and highly capital-efficient lending protocol designed specifically for yield farmers 👨‍🌾 👩‍🌾. Yield farmers can use Millama to lend their stablecoins to earn stable and secure returns, or borrow stablecoins to leverage their existing LP positions by up to 10x for greater yield returns.

Key Features ​

• Lazy Liquidity Manager (LLMA) 🦙: helps you get the highest available APY from all lending pairs.
• Built-in Autocompounder 🤑: never missing out on farming incentives that can offset the borrow APY and impermanent loss.
• One-click Leveraged Farming 💹: makes it easy to leverage your LP positions (up to 10x).
• Isolated Lending Pair ⚖️: protect you from the risk of other asset.
• Permissionless 🔐: lets you to create your own lending pair.
• Insurance Reserves 🏦: protect you in the event that the protocol suffers losses on liquidations or hacks.

Lazy Liquidity Manager ​

Our in-house LLMA 🦙 (Lazy Liquidity Manager) is ready to helps you get the highest available supply APY from all lending pairs by automatically rebalancing your positions. This means that you don't have to manually track the supply APYs of different lending pairs and move your funds around.

LLMA is an opt-in feature and you are free to choose wether to use it or not.

Built-in Autocompounder ​

Autocompounder will automatically reinvest your farm rewards into your LP position. This helps you earn even more rewards over time and never missing out on farming incentives that can offset the borrow APY and impermanent loss.

This feature is enabled by default for all yield farmers.

One-click Leveraged Farming ​

Leveraged farming is a type of yield farming that allows you to borrow more funds to increase your LP position. Millama's one-click leveraged farming feature makes it easy for you to leverage their LP positions. To use this feature, you simply need to select the amount of leverage you want to use and the asset you want to borrow against. Millama will then automatically leverage your LP position.

Isolated Lending Pair ​

In traditional lending protocol, all assets are pooled together and lent out to borrowers. This means that if one collateral is manipulated, all assets in the pool can be drained.

Millama's isolated lending pairs solve this problem by isolating each lending pair from the others. This isolation of lending pairs helps to mitigate risk and make Millama a safer platform for yield farming. It also allows you to choose which asset pairs you want to lend to, based on your risk tolerance.

Permissionless ​

Millama's permissionless lending pair creation allows anyone to create a lending pair on the protocol. However, not all lending pairs will be shown on the Millama Apps. This is to protect yield farmers from malicious lending pairs.

Malicious lending pairs are lending pairs that are created with the intent to scam or defraud yield farmers. These lending pairs may offer high yields, but they may also be risky or even fraudulent. By not showing all lending pairs on the Millama Apps, Millama can help to protect yield farmers like you from these malicious lending pairs.

Insurance Reserves ​

Millama's Insurance Reserves are a pool of funds that are used to protect yield farmers like you in the event that the protocol suffers losses on liquidations or hacks. The Insurance Reserves are funded by a percentage of the fees that are collected by the Millama protocol. If the protocol suffers losses on liquidations or hacks, the Insurance Reserves will be used to cover your losses.

The Millama's Insurance Reserves are a valuable safety net for yield farmers. They help to protect yield farmers from losses and make Millama a more attractive platform for yield farming.

Here are some of the benefits of Millama's Insurance Reserves:

• Reduced risk: The Insurance Reserves help to reduce the risk of loss for yield farmers. This is because the Insurance Reserves can be used to cover losses in the event that the protocol suffers losses on liquidations or hack.
• Increased confidence: The Insurance Reserves can help to increase confidence in Millama. This is because it shows that the protocol is committed to protecting its fellow yield farmers.
• Attracts more yield farmers: The Insurance Reserves can help to attract more users to Millama. This is because it shows that the protocol is a safe and secure place to farm yield.

Overall, Millama's Insurance Reserves are a valuable asset for the protocol. They help to protect yield farmers, increase confidence in the protocol, and attract more users.

About Millama Labs ​

Millama Labs is a group of yield farmers, growth hacker, educator, and engineers who are building the bedrock of DeFi. Our goal is to attract additional liquidity to the ecosystem while enhancing the utility of locked LP tokens.

More info: Website Blog Twitter

Community ​

add link to community here

• discord
• tg channel