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lev-stake-sol
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Update FAQ

This commit is contained in:
Riordan Panayides 2024-02-24 01:11:22 +00:00
parent 5d911065a2
commit 13934acb82
1 changed files with 41 additions and 41 deletions
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components/faqs/FaqsPage.tsx
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@ -6,12 +6,10 @@ const FAQS = [
question: 'How does Boost! work?', question: 'How does Boost! work?',
answer: ( answer: (
<p> <p>
Boost! allows you to increase your position size by borrowing SOL and Boost! allows you to increase your position size by borrowing USDC and
swapping it to your chosen staking token. This means you earn more yield swapping it into JLP. This means you earn more yield from the JLP pool
from the staking token because you have a larger position size. As long because you have a larger position size. As long as this yield exceeds
as this yield exceeds the rate of the SOL borrow you earn a premium and the rate of the USDC borrow you earn a premium.
because the staking token price downside is highly correlated to SOL
there is a lower risk of liquidation.
</p> </p>
), ),
}, },
@ -19,9 +17,9 @@ const FAQS = [
question: 'How does unboosting work?', question: 'How does unboosting work?',
answer: ( answer: (
<p> <p>
Unboosting works by selling your staking token to repay your SOL borrow Unboosting works by selling your JLP tokens to repay your USDC borrow
and withdrawing to your wallet. The staking token price increases vs SOL and withdrawing to your wallet. The JLP price increases vs USDC over
over time so the longer you hold the position the more yield you earn. time so the longer you hold the position the more yield you earn.
</p> </p>
), ),
}, },
@ -42,20 +40,18 @@ const FAQS = [
also possible for a bug in the UI to affect the ability to open and also possible for a bug in the UI to affect the ability to open and
close positions in a timely manner. close positions in a timely manner.
</p> </p>
<h4>Price Depeg</h4> <h4>Price Action</h4>
<p> <p>
It&apos;s possible for the staking token price to diverge It&apos;s possible for the price of JLP to fluctuate. A large drop in
significantly from the SOL price. A large drop in price could result price could result in postions being liquidated. Positions with higher
in postions being liquidated. Positions with higher leverage are more leverage are more exposed to this risk.
exposed to this risk.
</p> </p>
<h4>Liquidity</h4> <h4>Liquidity</h4>
<p> <p>
Opening and closing positions on Boost! relies on swapping between the Opening and closing positions on Boost! relies on swapping between JLP
staking tokens and SOL without significant price impact. During an and USDC without significant price impact. During an extreme market
extreme market event there could be issues liquidating position event there could be issues liquidating position effectively. This
effectively. This could affect the liquidity available to open/close could affect the liquidity available to open/close positions.
positions.
</p> </p>
<h4>Oracles</h4> <h4>Oracles</h4>
<p> <p>
@ -66,11 +62,11 @@ const FAQS = [
</p> </p>
<h4>Yield Duration</h4> <h4>Yield Duration</h4>
<p> <p>
When you borrow SOL to open a position on Boost! you&apos;ll be paying When you borrow USDC to open a position on Boost! you&apos;ll be
interest on the borrowed amount instantaneously. The staking rewards paying interest on the borrowed amount instantaneously. The JLP yield
of the staking tokens is paid on a longer duration. This means you accrues over a longer duration. This means you could open a position
could open a position and close it before earning any staking rewards and close it before earning any staking rewards whilst paying interest
whilst paying interest to borrow SOL. to borrow USDC.
</p> </p>
</> </>
), ),
@ -79,25 +75,29 @@ const FAQS = [
question: 'Where does the yield come from?', question: 'Where does the yield come from?',
answer: ( answer: (
<p> <p>
Every epoch the price of each staking token rises vs SOL. Boost! The JLP token earns a portion of the fees collected by the Jupiter
increases the position size of your staking token by borrowing SOL. This perpetuals exchange.{' '}
means you earn more of the staking reward every epoch. It&apos;s <a
important to account for the cost of borrowing SOL. This is displayed in href="https://station.jup.ag/labs/perpetual-exchange/jlp-pool"
the UI. target="_blank"
</p> rel="noopener noreferrer"
), >
}, Learn more about JLP here
{ </a>
question: 'Why is the max leverage different between tokens?',
answer: (
<p>
The Mango v4 program has a safety mechanism that reduces the leverage
available to tokens depending on how much of that token is deposited.
When the notional value of deposits exceeds this value the leverage is
scaled down.
</p> </p>
), ),
}, },
// {
// question: 'Why is the max leverage different between tokens?',
// answer: (
// <p>
// The Mango v4 program has a safety mechanism that reduces the leverage
// available to tokens depending on how much of that token is deposited.
// When the notional value of deposits exceeds this value the leverage is
// scaled down.
// </p>
// ),
// },
{ {
question: 'Why is my Ledger not working with Boost!?', question: 'Why is my Ledger not working with Boost!?',
answer: ( answer: (
@ -129,7 +129,7 @@ const FAQS = [
target="_blank" target="_blank"
rel="noopener noreferrer" rel="noopener noreferrer"
> >
Mango Dao Mango DAO
</a> </a>
. .
</p> </p>