Platypus Interest Rate Model Is Going Live – the First-of-its-kind Defi Solution That Auto Rebalances Pool Based On Dynamic Interest Rate

Let’s run back over the concept of interest rate model — rebalancing Liquidity Pool with Incentives! After much anticipation from the community, the new Interest Rate Model is going live on the 15th of March at 9am UTC. Using interest rates to rebalance pools is the first of its kind in DeFi. The Interest Rate Model opens new opportunities for Platypus users to earn more from their staked assets. This model is audited by Halborn, and it won’t shake up what you already know and love about Platypus, so don’t worry! This upgrade will automate the rebalancing of liquidity pools through liquidity mining incentives. Before we dive into a recap summary of the new Interest Rate Model, it is essential to note that all existing users will have to migrate their funds to the new contract to continue earning PTP emission. At the end of this article, we will also guide you step by step on how to migrate. Without further ado, let’s get right into it! What is the new Intere...
Source : Platypus Interest Rate Model Is Going Live – the First-of-its-kind Defi Solution That Auto Rebalances Pool Based On Dynamic Interest Rate

Comments

Post a Comment

Popular posts from this blog

Future Subnet: Numbers Blockchain Testnet (Snow) Launch

Image
Numbers Blockchain is thrilled to announce the debut of their official Testnet (Snow). They welcome the public to participate in the testing of the new platform and to offer suggestions so that they may improve their offering. About The Launch Of Testnet (Snow) As they get closer to the Mainnet (Jade) launch, their team is working assiduously to enhance their network and leverage the potential of Numbers Protocol and the Web 3.0 decentralized picture network it enables. The first step will be the deployment of the Testnet (Snow), which will be an essential part of the Numbers Blockchain and enable the fundamental operations of the Numbers Protocol. By giving people and platforms the means to secure their assets through blockchain technology, it will also enable Numbers Protocol to demonstrate its actual worth to the digital media field. “The release of an official blockchain is one of the most exciting things a Web3 project can do. We are looking forward to seeing Numb... Sourc
Read more

New Future For AVAX: Emin reveals roadmap of Avalanche

Image
Hello Avaxholic, is your last week updated with useful news? Today, we want to bring to you a hot story of Ava Labs's CEO when in Avalanche Summit's Interview with Cointelegraph. About The Meeting With Emin For Avalanche Summit, Cointelegraph's staff went to Barcelona, Spain. They are thrilled to speak with Emin Gün Sirer, the founder and CEO of Ava Labs, in this initial interview from the occasion. Benton and Emin discuss the Avalanche ecosystem's future, the motivations behind the creation of Ava Labs, the secrets to success, and some forecasts for the year 2022. Besides being asked about the secret of Avalanche's rapid and outstanding success, Emin is also expected to answer about Avanche's future through a question about Ava Labs related to bridges: “Is interoperability an area of development focus for Ava Labs?” “Absolutely. So we're thrilled about the bridge that we ourselves built because it's so cheap to use for value transfers. There are o
Read more

REIT — The foundation for the development of METAIN

Image
With a view to creating values of humanism, METAIN desires to share the burden of investment capital for young people, especially those with an average income, which means that they can still enter this market and make efforts to create a solution for their own lives. In other words, everyone is provided with a chance to invest in real estate in the central areas of big cities — something that is quite difficult for an average person to do. METAIN “forces itself” to operate according to REIT regulations to provide the highest security for investors’ interests. METAIN also applies blockchain technology to make “investing in a million-dollar real estate” a reality, even if you are not a millionaire. With only 10 USD, investors can have a chance to co-invest a part of properties located in the center of Ho Chi Minh City and Hanoi. Thereby, METAIN can help investors with a small amount of idle money to earn extra monthly income safely and effectively. Throughout the REIT’s histor...
Read more