Lucidly Finance is a credit protocol for onchain working capital. The product creates indexes of on-chain credit positions. for example - index of (curve lp token + pendle lp token + morpho lender receipt token). we structure (fixed rate and fixed term) these index tokens and price them on an exchange venue.
This addresses key inefficiencies in the current market structure to accelerate the end-game of scaled and performant DeFi staking markets.
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💡 Master Vault Receipt Token (MVT)
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- How to mint and redeem MVT?
- When I mint/redeem MVT, where does my ETH go?
- How does the protocol convert the WETH deposited in the MasterVault?
- How does MVT offer exposure to multiple LSTs/LRTs?
- Do I need to stake MVT to earn the yield?
- What are the components of MVT yield?
- What factors drive the changes in base yield of MVT?
- Where is the yield held before MVT is redeemed?
- Where can I use MVT outside of staking to earn a return?
- Do I need to KYC for depositing on Lucidly?
- Can I redeem MVT whenever I want?
- Can MVT only be minted on ethereum mainnet, any plans to go chain agnostic?
- What pricing feed/oracle does MVT use?
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💡 MasterVault
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- What is the MasterVault?
- Does the MasterVault have fees?