What is Lodestar Finance?
Lodestar Finance is an algorithmic borrowing and lending protocol that is aiming to bring the critical DeFi primitive of decentralized money markets to Arbitrum communities.
LODE is the governance token of Lodestar Finance. Lodestar Finance is a DEFI borrowing and lending protocol on Arbitrum. Lodestar offers an array of Arbitrum native tokens and liquid staked derivatives as markets.
Lodestar aims to bring the critical DeFi primitive of decentralized money markets to Arbitrum communities. Lodestar Finance will launch with support for the $Magic and $DPX tokens, which are two of the strongest Arbitrum communities that currently have no access to these services. The initial release will also include support for $BTC, $ETH, $USDC, $USDT, $MIM, and $SPELL. $GMX is another strong Arbitrum community that we are looking to incorporate; however, we are waiting for a ChainLink oracle before we commit to including $GMX as a supported asset.