Update FAQ
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@ -6,12 +6,10 @@ const FAQS = [
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question: 'How does Boost! work?',
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question: 'How does Boost! work?',
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answer: (
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answer: (
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<p>
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<p>
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Boost! allows you to increase your position size by borrowing SOL and
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Boost! allows you to increase your position size by borrowing USDC and
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swapping it to your chosen staking token. This means you earn more yield
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swapping it into JLP. This means you earn more yield from the JLP pool
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from the staking token because you have a larger position size. As long
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because you have a larger position size. As long as this yield exceeds
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as this yield exceeds the rate of the SOL borrow you earn a premium and
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the rate of the USDC borrow you earn a premium.
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because the staking token price downside is highly correlated to SOL
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there is a lower risk of liquidation.
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</p>
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</p>
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),
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),
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},
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},
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@ -19,9 +17,9 @@ const FAQS = [
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question: 'How does unboosting work?',
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question: 'How does unboosting work?',
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answer: (
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answer: (
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<p>
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<p>
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Unboosting works by selling your staking token to repay your SOL borrow
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Unboosting works by selling your JLP tokens to repay your USDC borrow
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and withdrawing to your wallet. The staking token price increases vs SOL
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and withdrawing to your wallet. The JLP price increases vs USDC over
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over time so the longer you hold the position the more yield you earn.
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time so the longer you hold the position the more yield you earn.
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</p>
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</p>
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),
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),
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},
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},
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@ -42,20 +40,18 @@ const FAQS = [
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also possible for a bug in the UI to affect the ability to open and
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also possible for a bug in the UI to affect the ability to open and
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close positions in a timely manner.
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close positions in a timely manner.
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</p>
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</p>
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<h4>Price Depeg</h4>
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<h4>Price Action</h4>
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<p>
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<p>
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It's possible for the staking token price to diverge
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It's possible for the price of JLP to fluctuate. A large drop in
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significantly from the SOL price. A large drop in price could result
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price could result in postions being liquidated. Positions with higher
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in postions being liquidated. Positions with higher leverage are more
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leverage are more exposed to this risk.
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exposed to this risk.
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</p>
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</p>
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<h4>Liquidity</h4>
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<h4>Liquidity</h4>
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<p>
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<p>
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Opening and closing positions on Boost! relies on swapping between the
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Opening and closing positions on Boost! relies on swapping between JLP
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staking tokens and SOL without significant price impact. During an
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and USDC without significant price impact. During an extreme market
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extreme market event there could be issues liquidating position
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event there could be issues liquidating position effectively. This
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effectively. This could affect the liquidity available to open/close
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could affect the liquidity available to open/close positions.
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positions.
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</p>
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</p>
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<h4>Oracles</h4>
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<h4>Oracles</h4>
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<p>
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<p>
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@ -66,11 +62,11 @@ const FAQS = [
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</p>
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</p>
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<h4>Yield Duration</h4>
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<h4>Yield Duration</h4>
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<p>
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<p>
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When you borrow SOL to open a position on Boost! you'll be paying
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When you borrow USDC to open a position on Boost! you'll be
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interest on the borrowed amount instantaneously. The staking rewards
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paying interest on the borrowed amount instantaneously. The JLP yield
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of the staking tokens is paid on a longer duration. This means you
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accrues over a longer duration. This means you could open a position
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could open a position and close it before earning any staking rewards
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and close it before earning any staking rewards whilst paying interest
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whilst paying interest to borrow SOL.
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to borrow USDC.
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</p>
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</p>
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</>
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</>
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),
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),
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@ -79,25 +75,29 @@ const FAQS = [
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question: 'Where does the yield come from?',
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question: 'Where does the yield come from?',
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answer: (
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answer: (
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<p>
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<p>
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Every epoch the price of each staking token rises vs SOL. Boost!
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The JLP token earns a portion of the fees collected by the Jupiter
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increases the position size of your staking token by borrowing SOL. This
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perpetuals exchange.{' '}
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means you earn more of the staking reward every epoch. It's
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<a
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important to account for the cost of borrowing SOL. This is displayed in
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href="https://station.jup.ag/labs/perpetual-exchange/jlp-pool"
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the UI.
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target="_blank"
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</p>
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rel="noopener noreferrer"
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),
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>
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},
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Learn more about JLP here
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{
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</a>
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question: 'Why is the max leverage different between tokens?',
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answer: (
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<p>
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The Mango v4 program has a safety mechanism that reduces the leverage
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available to tokens depending on how much of that token is deposited.
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When the notional value of deposits exceeds this value the leverage is
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scaled down.
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</p>
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</p>
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),
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),
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},
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},
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// {
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// question: 'Why is the max leverage different between tokens?',
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// answer: (
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// <p>
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// The Mango v4 program has a safety mechanism that reduces the leverage
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// available to tokens depending on how much of that token is deposited.
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// When the notional value of deposits exceeds this value the leverage is
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// scaled down.
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// </p>
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// ),
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// },
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{
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{
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question: 'Why is my Ledger not working with Boost!?',
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question: 'Why is my Ledger not working with Boost!?',
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answer: (
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answer: (
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@ -129,7 +129,7 @@ const FAQS = [
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target="_blank"
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target="_blank"
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rel="noopener noreferrer"
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rel="noopener noreferrer"
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>
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>
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Mango Dao
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Mango DAO
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</a>
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</a>
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.
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.
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</p>
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</p>
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