DescriptionLemma is a decentralized finance (DeFi) protocol with two products: a leveraged basis trading vault and USDL, a stablecoin that is fully decentralized, 100% capital efficient and USD pegged.
Category:algorithmic
Minting and RedemptionUsing the Lemma Finance app, users mint USDL by depositing an accepted asset into the protocol where it establishes a market neutral trading position on decentralized exchanges. When the loan is repaid to retrieve the collateral, the paid back USDL is burned.
USDLemma (USDL)
Arbitrum (ARB)
OP Mainnet (OP)