import { Disclosure } from '@headlessui/react' import { ChevronDownIcon } from '@heroicons/react/20/solid' const FAQS = [ { question: 'How does Boost! work?', answer: (
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.
), }, { question: 'How does unboosting work?', answer: (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.
), }, { question: 'What are the risks?', answer: ( <>The following risks are non-exhaustive. It's important to have a good understanding of these risks and how Boost! works before depositing any funds
Boost! is an integration with the Mango v4 program. Although it is open source and has been audited extensively, it's possible bugs and exploits exist that could result in the loss of funds. It's also possible for a bug in the UI to affect the ability to open and close positions in a timely manner.
It's possible for the staking token price to diverge significantly from the SOL price. A large drop in price could result in postions being liquidated. Positions with higher leverage are more exposed to this risk.
Opening and closing positions on Boost! relies on swapping between the staking tokens and SOL 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.
The price data for Boost! comes from third party oracle providers. It's possible for the data to be incorrect due to a failure with the oracle provider. This could result in bad liquidations and loss of funds.
When you borrow SOL to open a position on Boost! you'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.
> ), }, { question: 'Where does the yield come from?', answer: (Every epoch the price of each staking token rises vs SOL. Boost! increases the position size of your staking token by borrowing SOL. This means you earn more of the staking reward every epoch. It's important to account for the cost of borrowing SOL. This is displayed in the UI.
), }, { question: 'Why is the max leverage different between tokens?', answer: (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.
), }, { question: 'Why is my Ledger not working with Boost!?', answer: (If your Ledger isn't working it's most likely because it doesn't support versioned transactions.
), }, { question: 'Is the contract audited?', answer: (The Mango v4 program is fully audited by{' '} Ottersec . Every update to the program also undergoes an audit before release.
), }, { question: 'Who made Boost!?', answer: (Boost! is made and maintained by long-term contributors to{' '} Mango Dao .
), }, ] const FaqsPage = () => { return ({'How does Boost! work?'}
Leveraged staking with Boost! amplifies yields by recursively borrowing and lending between SOL and its supported tokens: mSOL, jitoSOL, bSOL, and stSOL. Users can deposit any of these tokens and then borrow SOL to enhance their returns.
Example with jitoSOL:
When the returns from staking surpass the costs of borrowing, users enjoy a premium from this enhanced staking with Boost!.
{'What are the risks?'}
{question}