How Slate Protocol Works

Creating a Vault(01)

Managing a Vault(02)

Liquidation(03)

Low-Cost Borrowing with No Repayment Schedule

Borrow JUSD against your ETH or stETH at a fixed 1% annual interest rate keeping your staking rewards while accessing liquidity whenever you need it.

How Borrowing Works
  • 1.

    Deposit ETH or stETH 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 Trade, 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

Just 1% annual interest, with no risk of sudden hikes.

Keep Earning Staking Rewards

Returns increase during market volatility and downturns

Unlock Liquidity Without Selling

Access funds without triggering a taxable sale of your crypto holdings.

Leverage ETH Exposure

Loop positions up to ~3× at max collateralization, boosting both exposure and yield.

Full Control

No repayment schedule; maintain collateral health and close the position when you choose

Use JUSD Anywhere

Trade, invest, or deploy into DeFi strategies.

Example
If you open a vault at the maximum 150% overcollateralization ratio, you can loop the position to roughly 3× exposure. At today’s ETH staking yield of ~2.7% and a borrowing cost of 1%, that leverage can increase both your ETH exposure and your net yield — while still keeping your collateral staked.
slateProtocollogo
Income
slatetoken
Governance, Incentives, and
Shared Success

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.

Token Utility
Governance
Governance

Vote on key protocol decisions, including collateral types, safety thresholds, and incentive structures.

Incentivization
Incentivization

Earn SLATE for borrowing, Stability Fund deposits, and other growth-driving activities.

Alignment
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.

Earning Mechanisms
( 01 )
Governance participation rewards
( 02 )
Stability Fund deposit passive income
( 03 )
Staking rewards for locking tokens
( 04 )
Fee sharing from protocol revenue
Provisional Distribution

(subject to change before launch)

20% First Airdrop

Rewarding early participants

20% Second Airdrop

Supporting growth and adoption

60% Treasury

Treasury, long-term incentives, and founding team