We are extremely excited to announce a major strategic change in our liquidity pool. Until now, we have been using the WFDR – BUSD pool for our operations, but due to Binance discontinuing BUSD support, we have made the decision to migrate to the WFDR – USDT pool on the SMARDEX DEX. In this article, we will explain why this decision is crucial and how it will benefit our entire community.
SMARDEX: The Solution to Impermanent Loss in DeFi
SMARDEX is a groundbreaking Automated Market Maker (AMM) protocol that introduces an innovative solution to a well-known problem in the world of DeFi: Impermanent Loss (IL). IL occurs when users provide tokens to a liquidity pool, and the price of those tokens fluctuates, potentially leading to losses. Managing IL has been a major challenge until now, but SMARDEX is a game-changer.
The SMARDEX protocol is based on liquidity management formulas that use « Fictive Reserve (FR) » as its cornerstone. Unlike previous attempts, SMARDEX resolves the IL problem in a novel way. As an open-source Smart Contract, it operates on multiple blockchains compatible with the Ethereum Virtual Machine (EVM), such as Ethereum, Binance Smart Chain, Avalanche, Polygon, and more.
Transforming Impermanent Loss into Impermanent Gain (IG)
What sets SMARDEX apart is its ability to transform Impermanent Loss into « Impermanent Gain (IG). » It heralds a new era for DeFi by offering an innovative solution based on robust technical principles and advanced security measures. Users can now trade decentralized ERC20 tokens while minimizing potential losses.
Why Migrate to the WFDR – USDT Pool on SMARDEX?
In our migration to the WFDR – USDT pool on SMARDEX, our primary goal is to offer our liquidity providers higher yields and a more stable experience. This transition to SMARDEX is a crucial step in enhancing opportunities for our crypto community.
We understand that this decision may raise technical questions, which is why we will soon release a comprehensive user guide that will delve into the workings of the SMARDEX protocol.
In Conclusion
We are confident that this strategic decision will open up exciting new possibilities for our crypto community. Your continued support is appreciated, and we look forward to accompanying you in this new phase of our crypto project.
Stay tuned for more stimulating information and updates. With SMARDEX, we are poised to revolutionize DeFi and provide a more stable, secure, and potentially lucrative trading experience.
Join us in this journey and discover how the SMARDEX Protocol can improve your trading operations and the management of your digital assets. The cryptocurrency exchange revolution is underway, and this is the perfect time to be a part of it.
Smardex:
DeFi The Norm – Home | SMARDEX
Pool links:
https://www.geckoterminal.com/bsc/pools/0x18607b90697c1c5cae6d01825f1b55858bb8105f
https://www.geckoterminal.com/bsc/pools/0x8eee99965b2fe4de77cb72c14301bc38ac0c8646