Extra Finance

Extra Finance does leveraged yield farming. A farmer borrows from the protocol's lending pool to take a larger LP position than their own capital allows, and lenders on the other side earn from that borrowing. Both roles exist in the same protocol, which is the point of the design.

It was built on Optimism first and Base is now its larger deployment. DefiLlama tracks three parts separately: the leverage farming product, the Xlend lending market and the vaults. Leverage on an LP position compounds impermanent loss as well as yield, which is the risk that distinguishes this from ordinary farming.