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Welcome, Anon. Take a seat.
For those of us seeking value beyond tokenomics, DeFi often seems to have water everywhere and not a drop to drink
Let me share some alpha (+leaks
) for the next household name in DeFi #LINKSWAP by $YFL and why it's special among all existing DEXes
For those of us seeking value beyond tokenomics, DeFi often seems to have water everywhere and not a drop to drink
Let me share some alpha (+leaks
) for the next household name in DeFi #LINKSWAP by $YFL and why it's special among all existing DEXes
A brief intro to $YFL - this project launched in early August. After token distribution in a $YFI-style fair launch, they poached a Facebook designer, hired @flexdapps, and began working on a next-gen AMM. Not a quick vapor pump, and after 2+ months of building, it's launching
Summary of what LINKSWAP is tackling:
Reduce impermanent loss, combat vampire bots, validate locked liquidity on the DEX itself with reliable info on vesting periods if liquidity isn't locked indefinitely, greatly reduce gas fees, distribute fee profits via staking $YFL
Reduce impermanent loss, combat vampire bots, validate locked liquidity on the DEX itself with reliable info on vesting periods if liquidity isn't locked indefinitely, greatly reduce gas fees, distribute fee profits via staking $YFL
To reduce impermanent loss, LINKSWAP will be implementing an algorithm for continuous liquidity pools (CLPs) which respond to fluctuating demands of liquidity and rebalance pools. This is not currently live on any ETH DEX and will be a big incentive for liquidity providers.
The flagship feature of LINKSWAP is RugLock. Projects can lock liquidity on the platform itself. Vesting periods can be created for the locked liquidity, which will be transparent to buyers. No more trusting anon teams or error-prone 3rd party validators of locked liquidity
To deter vampire bots, SlipStop will be implemented which will lock out front-running bots looking to arbitrage the slippage of real orders. SlipStop locks in the calculated slippage % of the real order. Here's a thread on just how much these bots steal:
https://twitter.com/L4mbofG0d/status/1322321787275890688?s=20
https://twitter.com/L4mbofG0d/status/1322321787275890688?s=20
Various AMMs and projects like $YFI Yearn are working to tackle the issue of gas fees. LINKSWAP will be leveraging the Harmony (aka $ONE) platform. LINKSWAPv2 will integrate the ERC-20 Harmony Bridge to scale transaction processing with less than 1% the cost of Ethereum
The most important feature for $YFL holders will be the vault staking. Just like the vision for Uniswap, $YFL will be staked and collect a small portion of the LP fee. APY will be dependent on LINKSWAP volume, but 20-80% APY looks realistic if they achieve 10 top DEX volume
I can't mention $YFL without mentioning the community. $YFL is looking to entertain and leverage the gamification and meme culture of crypto. They're working on NFT-based competitions like the Waffle House, an NFT partnership with $BONK and an incoming meme app.
Unlike many DeFi projects, $YFL has an exceptional organic influencer presence. This is Roy's project, he’s low profile but somehow knows everyone. Last cycle the community saw over 2 dozen 50K+ influencers trading and posting $YFL. You can expect lots of noise when products drop
Here's the alpha leaks: whales and project affiliates (not the treasury) have pooled 1,000 $YFL (~2% of total supply) for liquidity provider incentives.
There was also this cryptic unexplained metric on a LINKSWAP promo vid, was this a pre-launch liquidity alpha leak?
There was also this cryptic unexplained metric on a LINKSWAP promo vid, was this a pre-launch liquidity alpha leak?
And the alpha all $YFL holders have been waiting for since October 14th @Quantstamp
Be on the lookout for team updates. I tried to drop this thread as close as I could. I'm certain the team will have big anns beyond the info here. Here's your blue chip for the month

Be on the lookout for team updates. I tried to drop this thread as close as I could. I'm certain the team will have big anns beyond the info here. Here's your blue chip for the month

