Borrow for Less.
Invest for Stability.
SLATE is a decentralized lending protocol offering low-cost borrowing with JUSD, and a Stability Fund designed to deliver stable, uncorrelated returns.
Whether you're seeking efficient leverage or dependable yield, SLATE puts transparency, security, and performance first.
At a Glance
Fixed 1% Borrowing Rate
Borrow now at one of the lowest fixed rates in DeFi, while your ETH staking rewards keep earning in the background.
Zero-Drawdown Yield
The Stability Fund earns from liquidations, meaning returns can grow during market downturns — without price exposure.
Transparent & Overcollateralized
All vaults are visible on-chain, with collateral levels constantly monitored to maintain system health.
How Slate Protocol Works
Borrowing
Lending Vaults
Low-Cost Borrowing with No Repayment Schedule
Borrow JUSD against your wstETH at less than 1% annual interest rate — keeping your staking rewards while accessing liquidity whenever you need it.
Users deposit wstETH into a vault. This acts as collateral.
How Borrowing Works
1- wstETH
Open a vault and lock your collateral securely on-chain.
2- Mint JUSD
Borrow up to your collateral limit at a fixed 1% annual rate. No hidden fees. No surprise interest hikes.
3- Put JUSD to Work
Spend, invest, or loop your position to amplify returns while your staked ETH continues earning yield.
4- Manage Your Vault
Track your collateral ratio in real time. Add collateral or repay at your own pace to maintain safety thresholds.
5- Repay Anytime
Close your vault when ready and reclaim your collateral in full.
Why Borrow on SLATE
Lowest Fixed Rate in DeFi
Less than 1% annual interest, with no risk of sudden hikes.
Keep Earning Staking Rewards
wstETH collateral continues to accrue ETH staking yield while your loan is active.
Unlock Liquidity Without Selling
Access funds without triggering a taxable sale of your crypto holdings.
Leverage ETH Exposure
Loop positions up to ~3X at max collateralization, boosting both exposure and yield.
Use JUSD Anywhere
Trade, invest, or deploy into DeFi strategies.
Full Control
No repayment schedule; maintain collateral health and close the position when you choose.
Fixed Borrow APR
0.50%
Collateral Value
$45.7M
Earn
Stability Fund
Stable, Uncorrelated Returns in All Market Conditions
Deposit JUSD into the Stability Fund and earn from liquidation premiums — a source of yield that grows when markets drop, without taking price exposure.
The Stability Fund is made up of JUSD deposited by various users
How Earning Works
1- Deposit JUSD into the Stability Fund
Your JUSD provides the liquidity needed to instantly liquidate risky vaults.
2- Earn from Liquidations
When a vault's collateral ratio falls below the safety threshold, the Fund acquires collateral at a discount, creating profit.
3- No Market Drawdown Risk
Your returns come from liquidation premiums and the Treasury backstop, not from betting on asset prices.
4- Transparent and On-Chain
All Stability Fund activity and earnings are visible in real time.
5- Flexible Access
Withdraw your funds when you need them, with the freedom to stay invested through market cycles. (Final withdrawal rules to be confirmed at launch.)
Why Invest in the Stability Fund
Uncorrelated Returns
Historically low correlation with equities, bonds, and crypto means the Fund can add stability to almost any portfolio.
No Price Drawdowns
Returns are generated from liquidation premiums, not market direction, resulting in steady growth through bull and bear markets
Crisis-Resilient
Tends to perform best when markets fall, as liquidation activity increases.
Portfolio Efficiency
Adding the Stability Fund can shift your efficient frontier upward, improving risk-adjusted returns without adding volatility.
Stablecoin-Denominated
All returns paid in JUSD, keeping performance independent of asset price swings.
Current APY
4.8%
Total Value Locked
$12.4M
Protocol Earnings
The Protocol derives earnings from 3 main sources:
SlateToken
$SLATE
The SLATE token aligns borrowers, Stability Fund investors, and the platform itself. Holders gain a voice in governance, receive incentives for participation, and share in the protocol's long-term growth. The SLATE token shall have a fixed supply. So to maintain a constant supply of tokens within the treasury to allow for future airdrops and emission incentives, the protocol earnings will be used to regularly repurchase SLATE in the open market.
Token Utility
Governance
Vote on key protocol decisions, including collateral types, safety thresholds, and incentive structures.
Incentives
Earn SLATE for borrowing, Stability Fund deposits, and other growth-driving activities.
Alignment
Protocol revenues from lending, liquidations, arbitrage, and swap fees are used to regularly buy back SLATE from the market, with purchased tokens directed toward ongoing rewards and strategic incentives.
Provisional Distribution
