Borrowing

Deposit veNFT

By depositing your veNFT, you will receive two tokens; afterRedemption and afterShare. Both tokens are required to redeem your deposited veNFT. afterRedemption entitles you to a portion of the voting rewards, which can be used to automatically repay your loan. afterShare entitles you to a majority of the voting rewards, which can be used as collateral for loans, or staked as afterStaked to earn voting rewards.

Borrow against afterShare

Choose a market with a desired loan-to-value, and borrow the underlying token of your veNFT, i.e. AERO or VELO, against your afterShare. As you repay the loan, your shares will be returned to you.

Stake your remaining shares

Stake your remaining afterShare for afterStaked tokens to earn voting rewards or After. To prevent users from receiving a share of the total voting rewards after depositing a veNFT that has voted for unproductive pools, you can only claim your afterStaked tokens after the current epoch has passed. Rewards are distributed every epoch.