1. NX Finance is a decentralized yield and leverage protocol built on the Solana blockchain, launched in Q2 2024.
2. It combines yield aggregation and PointFi mechanisms to offer various financial strategies for users to maximize returns within the Solana ecosystem.
3. The platform supports up to 10x leverage on interest-bearing assets through its Fulcrum Strategy, using Jupiter Liquidity Pool (JLP) as the underlying asset. It also offers up to 10x leverage on point farming through the Gold Mining Strategy.
4. NX Finance allows users to choose from diverse collateral options, such as Solana-based liquid staking tokens (LSTs), like vSOL and jupSOL. The platform plans to expand this list further in the future.
5. Lenders on the platform can deposit assets into lending vaults without active management, allowing for steady returns without requiring continuous user intervention.
6. NX Finance adopts a transparent fee model that charges a 10% performance fee only on profits and no fees during loss periods. This contrasts with competitors who charge fees regardless of performance.
Text model: silicon-masha
Image model: WildCardXXLAnimation
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