Pilot Loans and Leverage Debrief

2 min readMar 15, 2022

Don-key’s test pilot loan and leverage auctions were a stunning success! Over the 4 auctions, 85 bids requested $3,471,605 in loans of the $1,000,000 available, with an average commission of 1.0653% for 1 month.

This represents a 13.56% APY, which serves the dual purpose of giving borrowers plenty of room to earn extra income through leveraged farming, while also promising lenders a stable high source of income. For reference, big lending platforms like Celsius, Blockfi, and Nexos pay an average of 8% APY to lenders, which grants Don-key a 70% lead in ROI.

Don-key will make open-source lending available to the community in about a month, once borrowing and leverage is reintegrated with user feedback into the platform’s V2. In this new and improved version, borrowers will be able to borrow from Don-key’s bolstered treasury (funded by farming, NFT sales, and secondary sales) as well as from the wider community at large.

Don-key’s renovated lending/borrowing and leveraging platform is just one sliver of what V2 will deliver to the platform — which will be wall to wall redesigned to optimize the promise of decentralized social yield farming.

A full inside breakdown will be released shortly, to fill you in on why the team is so excited. There’s a lot in store — and it’s going to change the DeFi landscape forever.

About Don-key Finance

Don-key.finance is building the first social trading platform for yield farming, bringing together liquidity providers and yield farmers alike. For this reason, the community refers to Don-key as the eToro of Yield Farming, which is a title the team embraces wholeheartedly.

The goal of the platform is to eliminate yield farming’s infamous complexity and replace it with a seamless retail experience, streamlined to offer the most profitable and adaptive product on the market.

With just one-click users can route their liquidity — in whichever token they chose — through professionally designed strategies that are updated to chase the highest available APY while minimizing risk.

Competitive Yield Farming is a full-time job; Don-key does it, so you don’t have to.

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