SLP Looping

SLP Looping involves three primary steps: 1) Mint SLP, 2) Supply SLP, and 3) Borrow USDT(or TON).

The initial action depends on the assets you currently hold. We’ll start from Step #1. If you already possess SLP tokens, you may proceed directly to Step #2.

Step #1. Mint SLP

Visit storm.tg and open the web app or mini-app. Click on the ‘Earn’ menu at the top.

Choose your preferred asset vault(USDT, TON, or NOT). Each vault serves as collateral for traders, and trading fees are accumulated in the selected asset. For this example, select the USDT Vault.

Review detailed information for the chosen vault. Connect your wallet to deposit assets.

Enter the amount of USDT you wish to deposit. Confirm the transaction to mint USDT-SLP tokens.

Step #2. Supply SLP-USDT

Factorial currently supports two markets: TON-SLP and USDT-SLP. This example demonstrates supplying USDT-SLP as collateral to borrow USDT.

Click ‘Supply’ next to the USDT-SLP. Review your account details and enter the amount of USDT-SLP tokens to supply as collateral.

Step #3. Borrow USDT

Each market pairs collateral and borrowable assets 1:1. Thus, markets accepting USDT-SLP collateral allow borrowing only USDT. Click ‘Borrow’ next to USDT. Enter your desired loan amount and confirm the transaction.

After borrowing, if you wish to mint additional SLP, repeat the process starting from Step #1.