isn't pinjam just another yield optimizer that does looping?
Pinjam is a lending protocol, similar to Geist.
What’s special in Geist
Lending protocol and appears to be supported by kava labs
so just another yield optimizer, got it. at first sight they make themselves seem like the saviour of unutilized collateral, but really they just loop and for some reason it is better to do that with another lending protocol than with their own 🤷♂
I don't get it, why do you say it is a yield optimizer?
They are primarily a lending protocol.lend/borrow with yields in natives and incentives in pinkav tokens. Then they use the reserve TVL(difference between lend assets and borrow assets) to invest in MARE and earn extra yield. This allows them to put higher yields for lending Vs borrowing assets. And allows the token to be farmed to oblivion by looping. The token incentives are also vested however as well as the protocol rewards.
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