AllianceBlock Mutual Liquidity Pool Launch
AllianceBlock is launching Mutual Liquidity Pool #MLP, together with Bidge Mutual on the POP! Platform.
For the creation of MLP, $100,000 of liquidity in each token will be locked, in order to create the MLP. In other words, they have created a $200,000 ALBT/BMI Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation, through Single Sided Staking. Finally, they agreed to run the MLP for a duration of 90 days, starting from the 15th of May 2021 at approximately 19:30 UTC, and concluding on the 13th of August 2021 at approximately 19:30 UTC.
Through the partnership announced in February 2021, Bridge Mutual and AllianceBlock will provide traditional investors with a compliant bridge to DeFi protected by decentralized coverage.
AllianceBlock will integrate Bridge Mutual into its P2P lending, investment and NFT platform, allowing Bridge Mutual to provide coverage to lenders and investors. Bridge Mutual will also work to monetize its platform through the AllianceBlock Data Tunnel. Additionally, Bridge Mutual will join AllianceBlock’s pioneering multi-pair liquidity mining platform to offer BMI token holders instant liquidity via staking for a range of pairs.
What is POP!?
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
What is Bridge Mutual?
Bridge Mutual (BMI) is a decentralized, p2p/p2b discretionary risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, as well as share profit and get compensated for adjudicating claims. Bridge Mutual’s token, $BMI, witnessed an explosive TGE on January 30, 2021 and aims to take and hold the throne of risk coverage platforms on the market.
What is AllianceBlock?
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
📰 INFO:
https://blog.allianceblock.io/allianceblock-launches-an-mlp-with-bridge-mutual-on-pop-fd5932696356
