Deposit $cmETH on INIT Capital and earn up to 100x Powder per $cmETH daily through the $cmETH Looping Hooks available on the platform.

This one's for the degens looking to get the most out of their $cmETH. Looping on INIT Capital is a strategy designed to maximize yield by repeatedly borrowing and redepositing assets. With each loop, users amplify their exposure, unlocking rewards that go beyond a single deposit.

Through $cmETH Looping Hooks, users can deposit $cmETH to earn additional yield and enhance their Powder rewards exposure. By selecting their preferred leverage levels, users can control risk and optimize their strategy. Here's how to get started and grow your Powder holdings.

Disclaimer: Please ensure you understand the risks associated with looping and manage your risk accordingly.

Your Guide to Earning Powder on INIT Capital

Step 1

• Navigate to the "Hook" tab in the top menu.
• Connect your wallet.
• Select your preferred $cmETH Looping Hook.

Step 2

• Choose the amount of $cmETH to deposit.
• Select your leverage level and review the position size.

Step 3

• Review the relevant information, such as the health factor, liquidation conditions, and the net APY you will receive.
• Click "Approve" to approve the spending cap request in your wallet and pay the associated transaction fee.

Note: All gas fees are paid in $MNT, so please ensure you have a sufficient balance. For more information on how to get $MNT, please visit here.

Step 4

• Select "Open Looping Position."
• Pay the associated gas fees.

Once you've completed these steps, your position will be open, and you'll start accumulating Powder immediately.

Head over to the dashboard to view all your active positions on INIT Capital.

Users are free to close their positions at any time. Simply select your active position within the dashboard, then click "Close Position" to initiate the process.

For those with a more conservative risk appetite, you can still deposit $cmETH on INIT Capital without using looping strategies, earning up to 20x Powder/Day along with APY. Visit the $cmETH market to get started.

Stay updated on all things Season 2: Methamorphosis and the mETH Protocol by following us at @mETHProtocol on X/Twitter. While you're there, follow @InitCapital_ to stay in the loop with their latest updates.