Strater Gitbook
  • Introduction
    • What Is Strater?
    • How It Works
    • Roadmap
  • Vaults
    • Leverage / Leveraged Staking
      • Via Bucket Protocol
      • Via Scallop
    • Yield Farming
      • BUCKETUS Rewards
    • Leveraged RWA
    • LST Transformer
    • Convert
  • OUTRO
    • FAQs
    • Links
    • Risk Disclaimer
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  • Introduction
  • Bucket Scenario (Stablecoin)
  • Scallop Scenario (Lending protocol)
  • Fee
  1. Vaults

LST Transformer

Introduction

Why hold SUI if there's an LST version available? The LST Transformer allows for the transformation of various exposures/positions containing SUI into their LST equivalents in just one click, without any fundamental changes!

This can be applied in any scenario where SUI is used as collateral or is part of a position. Currently, the Strater platform offers the following services:

Bucket Scenario (Stablecoin)

Transform a position using SUI as collateral to mint BUCK, known as a "Bottle" in the context of Bucket Protocol, into a version that utilizes LST.

  1. Flash loan BUCK to repay the debt and retrieve SUI collateral.

  2. Stake SUI to obtain LST.

  3. Deposit LST into Bucket and borrow BUCK.

  4. Repay the flash loan with the borrowed BUCK.

Scallop Scenario (Lending protocol)

Convert your existing SUI collateral on a lending protocol into LST to automatically earn more interest. For instance, if a user’s original collateral is SUI and they borrow USDC:

  1. Flash loan USDC to repay the debt and withdraw the SUI collateral.

  2. Stake the SUI to obtain LST.

  3. Deposit LST into Scallop and borrow USDC.

  4. Repay the flash loan with the borrowed USDC.

Fee

  • This service is free.

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Last updated 1 year ago