fixes to FAQ

This commit is contained in:
Finn 2024-02-25 11:07:56 +00:00
parent a4becb4f7c
commit 6af3df0134
1 changed files with 16 additions and 43 deletions

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@ -6,12 +6,10 @@ const FAQS = [
question: 'How does Boost! work?',
answer: (
<p>
Boost! allows you to increase your position size by borrowing SOL and
swapping it to your chosen staking token. This means you earn more yield
from the staking token because you have a larger position size. As long
as this yield exceeds the rate of the SOL borrow you earn a premium and
because the staking token price downside is highly correlated to SOL
there is a lower risk of liquidation.
Boost! allows you to increase your position size by borrowing USDC and
swapping it for JLP. This means you earn more yield
from JLP due to a larger position size. As long
as this yield exceeds the rate of the USDC borrow and collateral fees, you earn a premium.
</p>
),
},
@ -19,9 +17,8 @@ const FAQS = [
question: 'How does unboosting work?',
answer: (
<p>
Unboosting works by selling your staking token to repay your SOL borrow
and withdrawing to your wallet. The staking token price increases vs SOL
over time so the longer you hold the position the more yield you earn.
Unboosting works by selling some of your JLP token to repay your USDC borrow
and withdrawing to your wallet. If the JLP token price increases enough to cover your borrow fee and collateral fee, you will earn a higher APY over time.
</p>
),
},
@ -45,14 +42,14 @@ const FAQS = [
<h4>Price Depeg</h4>
<p>
It&apos;s possible for the staking token price to diverge
significantly from the SOL price. A large drop in price could result
significantly from the USDC price. A large drop in price could result
in postions being liquidated. Positions with higher leverage are more
exposed to this risk.
</p>
<h4>Liquidity</h4>
<p>
Opening and closing positions on Boost! relies on swapping between the
staking tokens and SOL without significant price impact. During an
staking tokens and USDC without significant price impact. During an
extreme market event there could be issues liquidating position
effectively. This could affect the liquidity available to open/close
positions.
@ -66,11 +63,10 @@ const FAQS = [
</p>
<h4>Yield Duration</h4>
<p>
When you borrow SOL to open a position on Boost! you&apos;ll be paying
interest on the borrowed amount instantaneously. The staking rewards
of the staking tokens is paid on a longer duration. This means you
could open a position and close it before earning any staking rewards
whilst paying interest to borrow SOL.
When you borrow USDC to open a position on Boost! you&apos;ll be paying
an initial loan origination fee, interest on the borrowed amount, and a collateral fee instantaneously. This means you
could open a position and close it before earning any additional yeild,
whilst paying interest and collateral fees to borrow USDC.
</p>
</>
),
@ -79,25 +75,14 @@ const FAQS = [
question: 'Where does the yield come from?',
answer: (
<p>
Every epoch the price of each staking token rises vs SOL. Boost!
increases the position size of your staking token by borrowing SOL. This
The price of JLP vs USDC. JLP is a liquidity pool provider token composed of assets, trading fees and traders profits and losses. Boost!
increases the position size of your staking token by borrowing USDC. This
means you earn more of the staking reward every epoch. It&apos;s
important to account for the cost of borrowing SOL. This is displayed in
important to account for the cost of borrowing USDC. This is displayed in
the UI.
</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!?',
answer: (
@ -107,18 +92,6 @@ const FAQS = [
</p>
),
},
{
question: 'Is the contract audited?',
answer: (
<p>
The Mango v4 program is fully audited by{' '}
<a href="https://osec.io/" target="_blank" rel="noopener noreferrer">
Ottersec
</a>
. Every update to the program also undergoes an audit before release.
</p>
),
},
{
question: 'Who made Boost!?',
answer: (
@ -129,7 +102,7 @@ const FAQS = [
target="_blank"
rel="noopener noreferrer"
>
Mango Dao
Mango DAO
</a>
.
</p>