Ionic is a lending market on Base and Mode, built with the OP Stack. The protocol supports various assets, including LRT. To learn more about Ionic, see our <a href="https://notum.ai/blog/ionic-grab-the-max-of-crypto-yield">article</a>.

What is Ionic?

In the second season, points are accrued only on Mode.Earning Activities:<ul><li>Supply &amp; Borrow on Mode Main and Native markets;</li><li>Stake ION/WETH LP on Velodrome;</li><li>Provide liquidity to ionUSDC/ionUSDT (Earn Page).</li></ul>Point Multipliers:<ul><li>x1.5 for any supplied assets (USDC, USDT, etc.);</li><li>x2 for yield-bearing assets (LRTs, LSTs, etc.);</li><li>x2.5 for any borrow;</li><li>x3 for ION/WETH LP on Velodrome and ionUSDC/ionUSDT by Steer;</li><li>x3 for MODE supply in Native Market.</li></ul>Besides Ionic points, users earn 2x Mode Points. Moreover, Ionic is a partner of Turtle Club so all stakers and borrowers receive additional Turtle Points.

How to get the airdrop?

Ionic

Turtle Club

Turtle Club is community that enhances liquidity utilization, returns, and security across partner chains and protocols. Earn Turtle Points by providing liquidity on Ionic; simply connect your wallet on the Turtle Club <a href="https://turtle.club/dashboard/?ref=NOTUM">website</a> to start. Read our <a href="https://notum.ai/blog/turtle-club-boosting-your-yield">article</a> to learn more about the project.

Supply $ezETH

ezETH, as a yield-bearing asset, gives 2x boost to points and accumulates ezPoints and EigenLayer points.<ul><li>Go to Ionic <a href="https://app.notum.ai/investments/75bc3214-0587-4d35-9bcb-cc330a845c8e">ezETH lending page</a> on Notum;</li><li>Enter any token you have on Mode. Bridge your assets to the chain <a href="https://app.notum.ai/bridge">here</a>;</li><li>Click “Deposit”.</li></ul>

Providing money to concentrated liquidity pools can result in high IL. Always invest at your own risk.

Impermanent Loss

ION/WETH pool on Velodrome

The pool gives users 3x boost but also increases the risks of losing assets. Earn good fees from providing liquidity (20-30% APR).<ul><li>Visit ION/WETH <a href="https://velodrome.finance/deposit?token0=0x18470019bF0E94611f15852F7e93cf5D65BC34CA&amp;token1=0x4200000000000000000000000000000000000006&amp;type=-1">pool</a> on Velodrome;</li><li>Enter the amount of tokens and set the slippage;</li><li>Approve spending and deposit.</li></ul>

$ezETH is a volatile token and can depeg so using it as collateral can be dangerous. Always mind Position Health.

Liquidation Risk

Supply $ezETH + Borrow $M-BTC

To increase their point boost, investors can borrow against $ezETH supplied as described above. This can achieve a point boost of up to 3.75x, considering the Collateral Factor.<ul><li>Supply using $ezETH as showed previously;</li><li>Visit <a href="https://app.ionic.money/market?chain=34443&amp;pool=0">Main Market</a> on Ionic and find M-BTC. Usually, due to oversupply of BTC-assets by large investors, borrow rates are very low;</li><li>Borrow M-BTC, remember about Position Health.</li></ul>

$MODE is a very volatile token so using it as collateral can be dangerous. Always mind Position Health.

Supply $MODE + Borrow $WETH

$MODE provides the highest supply boost on the platform. Users can also borrow against $MODE to enhance their point boost to approximately 3.875x. Additionally, consider the Collateral Factor when borrowing.<ul><li>Go to <a href="https://app.ionic.money/market?chain=34443&amp;pool=0">Native market</a> on Ionic;</li><li>Supply $MODE and borrow $WETH against your collateral;</li><li>Manage $MODE amount to avoid liquidation.</li></ul>

Ionic

Quick info

Current TVL

Networks

Networks

Funds raised

Pros

Cons

How to Get the Ionic Airdrop?

What is Ionic?

How to get the airdrop?