How to earn money on teeter

APY > 10%, fixed income, low-risk

Purchase teeter's bToken with any token you hold, and you will get a USD-denominated fixed return.

keys: any token, single token purchase, USD-denominated.

It is similar to Lending, Liquidity mining, and Vault investment, but is more cost-effective than these investments(higher returns and lower risk).

Scenarios

Assuming that you hold a large number of LOOKS, if you want to obtain a fixed income, there are usually two approaches: staking or liquidity mining.

For staking, the price of LOOKS will drastically affect the staking income.

For liquidity mining, you must first bear the impermanent loss, and you also need to hold a pair at the same time instead of just LOOKS.

On teeter, you buy LOOKS bonds(bToken) with LOOKS. You'll get US dollar-denominated interest after payback bToken. The yield of a bond is not related to the price of LOOKS and no impermanent loss and no need to hold a pair.

3x gains through leverage, high-risk

Purchase xToken of any token with USDT, you will get 3 times the return of that token.

Keys: any token, 3 times leverage.

Scenarios

Let's suppose you want to amplify gains with Olympus (OHM). However, no CeFi or DeFi exchange currently offers leveraged trading on OHM. To proceed, you would have to go on a very roundabout trip by taking the following steps:

1. Mortgage ETH or another common token to a lending pool such as AAVE, and lend a small amount of USDT

2. Use the borrowed USDT to buy OHM on another exchange, i.e., Uniswap

3. Sell OHM to get USDT

However, there are some issues that need to be considered:

• You must have ETH or another token that can be mortgaged on the lending pool, i.e., AAVE

• There is a relatively high risk as the user needs to consider price fall for both ETH and LOOKS

• There will be high transaction costs

• There is relatively low capital utilization, with < 2x leverage

• You can only take on long positions, not short

On teeter, you buy OHM equity(xToken) with USDT. You'll get a 3x return if the OHM price goes up. Through smart contracts, teeter ensures that the OHM' xToken has leveraged attributes and guarantees payment. In addition, the smart contract will automatically rebalance according to the price of OHM, you are difficult to be liquidated.

How to cash out

In teeter, you will get a return after payback bToken or xToken. In addition, you are able to swap bToken or xToken for USDT on any DEXs.

The value of bToken and xToken is backed by assets, so they can be exchanged at any time and anywhere by anyone.

In fact, bToken and xToken are tokenized positions, so they could be freely circulated like other ERC20 tokens(cDAI, cETH).

Tutorial Videos