what's Extra Finance?
Extra Finance is a community-driven DeFi protocol offering lending and leveraged yield farming (LYF) on Optimism and Base networks. Users can supply assets to earn yields, borrow against collateral, and engage in leveraged positions to amplify farming returns across integrated liquidity pools. The protocol features isolated lending markets, dynamic interest rates, and incentives for liquidity providers. It supports leveraged strategies where users can farm multiple assets simultaneously, with risk management via liquidations and oracles. Governance and rewards are tied to the native EXTRA token.
Extra Finance removed USR/USDC market from XLend vault following the Resolv exploit.
Removed USR/USDC market from Extrafi XLend USDC vault (v1.1) following the Resolv exploit.
Maintains a USDC-AERO leveraged farming vault on Base with $7,550,000 in TVL and 18.18% current APY.
Integrated lending pools with Vaults.fyi for automated farming functionality.
Platform receives $100k OP grant to incentivize USDC lending pools on Base and Optimism networks. USDC lending pools offer 6.8% APY on Base and 6% APY on Optimism.
ExtraFi deploys $100k OP grant to fuel USDC lending pools on Base and Optimism, offering 6.8% APY and 6% APY with exposure to AERO, OP, and EXTRA tokens.
$usdai and $sUSDAI tokens will soon be available on the platform.
SYND/WETH trading pair now available on the platform.
Platform generates high fees following October 10 market crash, with buybacks increasing yields for lenders.