Archimedes

Published on: 31.07.2021

About Archimedes

Archimedes ( acmd.finance ) is a new generation of cross-chain leverage aggregators, which integrates Loan mining, leveraged lending, and liquidity mining. Archimedes aims to build the world’s leading multi-chain assets decentralized financial service platform and maximize the return of mining for Defi users’ income. When users want to participate in the liquidity mining of Defi projects and the funds are insufficient, when users need to increase the utilization rate of funds, or when the slippage loss of choosing high leverage is too high, Archimedes is your ideal choice. Archimedes provides diversified products to help users increase the utilization rate of funds.

Solutions:

Issue 1:The users want to participate in the liquidity mining of the Defi project and the funds are insufficient

Issue 2:Sometimes users need to increase the utilization rate of funds

Issue 3:Slippage loss is too high when choosing high leverage

Archimedes mainly solves the pain points of such users. the problems are lowest loss and cost, Archimedes can provide up to eight times the leverage to help users win greater returns per unit of time.

Advantages

Higher Rewards

The platform provides up to 8 times leverage, and users can choose to use leverage to maximize the rate of return, and the rate of return can be increased by up to 8 times.

Lower loss

Flexible funding to achieve zero slippage, rollback mechanism to ensure transaction price, the self-developed virtual machine saves trading fees. The system will provide users with flexible asset allocation options based on user assets and market conditions, with slippage loss as low as 0%, and save costs to the greatest extent for users. When using leverage on the Archimedes platform, users can borrow multiple coins, compared with similar competitors, to maximize savings for users in trading fees and slippage costs.

Lower Risk

The platform shows users the original fund flow data of each step of the transaction, so that it is open and transparent, and at the same time, it is connected to the Chainlink oracle to make the price more reliable. Before users determine their own strategies, Archimedes will show users all the data on the flow of funds from their own positions to the use of leverage to borrow assets on the “what will happen” interface, so that risks are controllable.

Lower threshold

Users borrow assets from the platform, and they will get profits. When they deposit in the platform, and to deposit is to mine.In addition, any user can participate in the liquidation of the platform as a liquidator.

Token Economic Model

Token name: ACMD

smart-contract address: 0x737431E3DCc38eE9FE6751885fEE1951161BE10D

Total amount of tokens: 1,000,000,000 (1 billion)

Token distribution and release:

Mining accounts for 65% of the total output, which is released in three years and one month through platform mining. After the first month, it will be reduced by half every year; 15% for team reward, used for team operation and technology research and development, released together with mining; 10% to early investors to provide funds and resource support for project development and release together with mining; 5% is a fund, mainly used for market making; 0.5% is used for IDO ; 4.5% for market operation, mainly for marketing, activity operation and brand building.

Vision and Roadmap

Vision

Archimedes will build the world’s leading safe, efficient, open, and transparent cross-chain decentralized financial service platform, allowing users to participate in Defi more efficiently and conveniently. Archimedes will provide diversified products and services, provide funds for those who lack funds and improve the utilization rate and profitability of funds for users.

Road Map

Archimedes will continue to update and iterate. In the short term, Archimedes product will follow processes:

-Support more decentralized exchanges to increase leverage

-Support more digital currency assets

-DAO (Decentralized Autonomous Organization) governance

-Develop mortgage lending

-Cross-chain to ecosystems such as ETH, Binance and Solana

-Open mortgage to generate stablecoins

Source:
https://medium.com/@ArchiProtocol/one-page-about-archimedes-816bb8927deb

Market Stats:
BTC Dominance: 52.46%(-0.26%/24h)
ETH Dominance: 17.97%(+0.02%/24h)
Defi Market Cap: $104.93B(-0.94%/24h)
Total Market Cap: $2569.9B(-1.03%/24h)
Total Trading Volume 24h: $95.98B(+16.30%/24h)
ETH Market Cap: $461.47B
Defi to ETH Ratio: 22.74%
Defi Dominance: 3.87%
Altcoin Market Cap: $1221.64B
Altcoin Volume 24h: $63.16B
Total Cryptocurrencies: 29928
Active Cryptocurrencies: 10067
Active Market Pairs: 83336
Active Exchanges: 772
Total Exchanges: 8609
BTC: 68411.37$(0.41%/1H)
ETH: 3842.47$(0.89%/1H)
AVAX: 37.21$(0.83%/1H)
BNB: 601$(0.26%/1H)
MATIC: 0.74$(1.06%/1H)
FTM: 0.82$(0.91%/1H)
ADA: 0.46$(0.39%/1H)
DOT: 7.44$(0.73%/1H)
UNI: 11.11$(0.6%/1H)
CAKE: 2.97$(0.76%/1H)
SUSHI: 1.26$(1.6%/1H)
ONE: 0.02$(2.97%/1H)