TechFlow News — Rodeo, a leveraged yield protocol on Arbitrum, has announced the launch of its V2 Alamo version, the latest generation of its lending and leverage platform developed over several months.
Rodeo Alamo enables users to use yield-bearing tokens (such as LSDs, LRTs, RWAs, etc.) as collateral to leverage positions on select top-tier farms within the Arbitrum network. The new version retains the original robust lending system, allowing users to supply USDC.e (with future support for ETH) to earn competitive interest rates and a larger share of ARB incentives.
In addition, Rodeo has launched an ARB token incentive program. Users can earn points through deposits and farm participation to win a total reward of 60,000 ARB tokens, distributed from August to November 2024. Claimed ARB tokens will have a 45-day vesting period.
Rodeo stated that this upgrade paves the way for an upcoming product specifically designed for GMX coverage providers.
