zkFox Project Introduction

What is zkFox?

zkFox is a smart over-lending protocol based on zkSync, and it is the first over-lending product on the zkSync. It supports users participating in liquidity farming through over-lending plus leverage to get more revenue. When the user has insufficient funds but wants to participate in DeFi liquidity farming, zkFox can provide up to 10X the leverage to help users obtain the maximum return per unit time, and at the same time provide a borrowing pool for users who prefer stable returns to earn profits.

What makes zkFox unique?

  1. Over-lending farm: In traditional yield farming, users can only use their own capital to participate in farming. If a user does not have enough capital but wants to farm, it's a significant pain point. zkFox realized this issue and thus provided the over-lending farm feature. Through smart contracts, while ensuring users' asset security and decentralization, the over-lending protocol allows users to borrow assets for farming, exponentially increasing the returns per unit of time.

  2. More diverse farming pools: We know that Uniswap V2 LP farming was the primary method, but with the introduction of Uniswap V3 and more ve(3,3) mode DEXs, Uniswap V2 LP's low yield and inefficient capital utilization have become widely recognized. To increase users' farming returns, zkFox allows users to leverage Uniswap V3 liquidity pools and ve(3,3) type liquidity pools, which is currently unique in the market.

  3. Leveraged trading: In addition to farming, zkFox also offers other tools for users to earn money, such as leveraged trading. Users can collateralize their capital to borrow BTC and sell it to achieve the goal of shorting Bitcoin. Similarly, they can also borrow stablecoins to purchase BTC to achieve the purpose of going long on Bitcoin. Moreover, zkFox supports long and short positions for other cryptocurrencies, such as ETH 、GLP and more, catering to a diverse range of trading strategies.

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