Flex Loans

Flex Loans is a whitelisted product offering for protocols to grow their protocol-owned liquidity through an interest free loan against perfect collateral. By depositing gGVI as a collateral asset, the borrower is able to borrow up to 100% LTV in GVI and pair this with another token to create a liquidity pair. Since the loan is in the same denomination there is no risk of liquidation and the loan will lower in LTV% as the gGVI collateral continues to receive the underlying rebases.

Once whitelisted by Tech Holding JSC, the borrower deposits gGVI into Flex Loan contract along with the other half of the intended LP token. The contract then borrows against the deposited gGVI and pairs the resulting GVI with the provided token to create an LP pair at the designated DEX of their choosing. At the moment, LP strategies for Balancer, Uniswap, Sushiswap and Curve are available.

Repayment of the loan is possible at any moment and can either be done by paying back the GVI debt directly (from the LP position itself, or externally supplied) or by using part of the supplied gGVI collateral.