lf-ASSET

What is the ‘lf(Ladder Finance)-ASSET’?

Generally, Ladder Finance uses USDT and ETH as default currencies (It may be expanded). When a customer deposits assets into our vault, we mint an equal number of lfASSETs to the depositor. lfASSET is consist of lf+Token Name. For example, if users deposited ETH, it would be IfETH, and if the deposit currency was USDT, users would receive IfUSDT.

What is the utilization of lf-ASSET?

An options strategy will not be closed before the expiration date. If a client requests an urgent withdrawal with closing their position, their overall portfolio can be damaged and even cause permanent losses to the fund. Thus, we do not support closing and withdrawing positions before the expiration date. In this case, lfASSET is another way to manage non-withdrawal assets. This is the same as a receipt. When the option reaches its expiration date and is available for withdrawal, the depositor returns the lfASSET to the Treasury and immediately receives the same quantity of assets. For instance, if you return 3 lfETH, you will receive pure 3 ETH. The lfAsset is burned as soon as it enters the treasury and is transparently shared on-chain.

Is it possible to trade lf-ASSET?

For trading the asset, it requires the liquidity. We have plans to provide liquidity for Normal Asset + lf Asset (ex: ETH/lfETH) from users or treasury, but it is not decided yet. Consequently, normal swaps are not supported immediately, nonetheless, it can be used for transfers.

The following is the CA for lfAsset.

lfETH :

lfUSDT :

Please be sure to verify the CA when sending or trading. Ladder Finance are not responsible for any scams.