Introduction | [
"What is the project about?\r\nExtra Finance is a leveraged yield farming & lending protocol built on Optimism.\r\n\r\nWhat makes your project unique?\r\nOn Extra Finance, users can implement customized farming strategies, or deposit to lending pools to earn lending interest.\r\n\r\nHistory of your project.\r\nMar 23, 2023 - Testnet Launch on Optimism\r\nMay 9, 2023 - Mainnet Launch on Optimism\r\n\r\nWhat’s next for your project?\r\nExtra Finance’s roadmap is as follows:\r\n2023 Q3:\r\nIntegrate CLAMM\r\nOne-click Yield Farming Templates\r\nYield Farming Simulation & Calculation Tool\r\n2023 Q4:\r\nRelease of Advanced Strategy Vaults\r\n2024 Q1:\r\nSocial Farming:\r\nUser-to-User Yield Strategy Following\r\nExtra Finance V2\r\n\r\nWhat can your token be used for?\r\nExtra Finance uses two tokens to manage its utility and governance:\r\n`$EXTRA` — ERC-20 utility token of the protocol\r\n`$veEXTRA` — ERC-20 governance token of the protocol\r\n`$EXTRA` is used for rewarding liquidity providers through emissions.\r\n`$veEXTRA` is used for governance. Any `$EXTRA` holder can vote-escrow their tokens and receive a `$veEXTRA` in exchange.\r\n\r\nUtility\r\nBy holding `$veEXTRA`, users can unlock the following benefits and features:\r\nAPR rewards, sourced from both protocol fees and `$EXTRA` token incentives.\r\n- The protocol fee comprises various tokens collected into the treasury and is shared once per epoch. It is used to buy back `$EXTRA` tokens from the market and then distribute them to holders of `$veEXTRA` tokens.\r\n- A portion of the `$EXTRA` tokens allocated to the community will also be assigned to `$veEXTRA` token holders, subject to a specific emission plan.\r\n- At the end of each epoch, rewards will be accumulated.\r\nUnlock up to 4x leverage for yield farming pools.\r\nGain access to lending pools with a high utilization rate. (`$veEXTRA` holders only)\r\nVote & Governance in the community.\r\n`$veEXTRA`is the voting power in Extra Finance's on-chain governance process. Users could use it to cast for/against community proposals."
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