Radar Dollar — USDR
Borrow | Multiply | Stabilizer
USDR, Radar’s stablecoin can be borrowed at a 0% interest rate against collateral that produces yield. Investors also have the chance to deposit one of the vaults supported assets such as: ETH, BTC, USDT, USDC, AVAX and many more. The newly minted USDR tokens can then be used to increase your current investment position, minimise the risk by investing in another negatively correlated asset or diversify and seek higher ROI prospects.
- USDR, Radar’s stablecoin (pegged 1:1 to USD) can be borrowed at a 0% interest rate against collateral that produces yield
- Users can use the Multiply feature to increase their exposure to their favorite crypto asset and earn more yield plus higher profits if their position appreciates in value
- People who borrow USDR can use the Self-paying loan strategy to spend their money now and let the loan repay itself through the generated yield
- Investors can directly mint USDR by depositing traditional stablecoins through the stabilizer feature
- When the price of USDR falls below $0.998 or rises above $1.01, users can engage in risk-free arbitrage through the Stabilizer feature
- The Radar Token and Stablecoin smart contracts have been audited by CertiK’s security team
Read more about USDR via: https://radar.blog/radarusd-usdr-interest-free-isolated-lending-new-features-2397a6679aca
Tutorial
We have prepared a detailed tutorial for users to familiarise themselves with the new Stabilizer feature of the platform. In the next part you will learn how to swap your stablecoins for USDR and vice versa.
Step 1.
Access the Radar platform via: app.radar.global
Step 2.
Click on connect wallet and go through the authorization steps
Step 3.
You now have an overview of all your open positions in the Portfolio tab
Step 4.
Navigate to the Stabilizer tab by using the menu bar on the left
Step 5.
To mint USDR choose one of the available stablecoins for swapping such as: USDC, USDT or DAI. Utilize the drop-down feature by hovering over the options and simply select the desired asset
Step 6.
Approve the chosen asset (1st-time approval to use set asset on the Radar platform)
Step 7.
Input the amount of stablecoins that you would like to swap for USDR or the amount of USDR that you would like to buy. Press “Sign & Swap”, sign the transaction and then approve the swap to receive your USDR
Step 8.
To redeem other stablecoins in exchange for your USDR, press the arrows to switch in between them and deposit USDR to receive your selected asset
Step 9.
Input the desired amount and press “Sign & Swap”, sign the transaction and then approve the swap to receive your stablecoins of choice
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