Haven't Opened a Vault Yet? Why Not? It's So Easy

Why haven’t you opened a Vault yet?

Over 92% of the non-OA supply of $PLS is not collateralized. 

If you haven’t collateralized your $PLS yet, you could be leaving money on the table.

Here are three reasons to consider opening your own Vault on PulseChain right now.

If you don't need any convincing, watch this video of Wallrus walking a new user through the dApp!

1. Opening a Vault Can Help You Become Capital Efficient

More often than not, having dormant capital means missing out on an opportunity to earn money.

This is especially true in DeFi, where emerging protocols enable you to earn passive income on the $PLS you already own.

One way to do this is to collateralize your $PLS in Liquid Loans. You’ll receive a true-DeFi stablecoin known as USDL, which you can freely spend and invest without losing your PulseChain tokens.

You can then reinvest your USDL through the Stability Pool, where many users are currently earning an APR of over 100%.

You also have the option to provide liquidity on the USDL:PLS pair on PulseX v2, in exchange for hefty yields. 

2. Support a Decentralized Stablecoin

If you support PulseChain, you likely already see the value in having a true DeFi stablecoin that can easily interact with $PLS.

USDL provides this. It’s a fully-backed stablecoin that is minted when you collateralize $PLS.

Thanks to the design of the Liquid Loans protocol, USDL remains overcollateralized at all times. This protects it from bankruns and depegging, which has plagued many stablecoins before it.

In addition, since the Liquid Loans protocol has no admin keys, nobody can censor or seize your stablecoins.

Once you mint USDL, your coins are yours until you choose to swap them back for $PLS or spend them.

This combination of USDL and PulseChain is the true DeFi vision of crypto in all its glory. By opening a Vault, you are supporting a free and censorship-resistant medium of exchange.

3. It’s Never Been Easier to Open a Vault

Right now, opening your own Vault on Liquid Loans is incredibly easy.

All you have to do is visit the Liquid Loans dApp and connect your wallet.

Then, simply choose the amount of $PLS that you want to collateralize and how much USDL you’d like to mint.

For a detailed explanation on opening your Vault with no interest on a timeless repayment schedule, check out our beginner-friendly How To Borrow USDL guide.

Don’t Leave Ingredients on the Table; Start Cooking

At the end of the day, it’s your right to decide what you do with your coins. But if you’re already holding $PLS, there are many reasons to take advantage of the passive earning opportunities that are available to you right now.

In addition, when you open your own personal Vault on the Liquid Loans protocol, you can easily mint USDL, forge your own revenue streams, and support true decentralization on PulseChain.