Liquid Driver Partnership with SpiritSwap – Launching of LiquidSpirit
LiquidSpirit is a wrapped version of inSPIRIT. It is designed to unlock holder’s position by opening up a whole new market for linSPIRIT, while still being able to enjoy weekly volume based fees from inSPIRIT.
Users can then swap their SPIRIT for linSPIRIT at a 1:1 ratio using our LiquidSwapper. In order to trade their linSPIRIT back to SPIRIT, users will need to use a DEX, such as SpiritSwap.
InSPIRIT on Steroids
The motivation behind linSPIRIT, in addition to driving more revenue for xLQDR holders, was to offer a new alternative to inSPIRIT with major advantages.
First and foremost, users position is liquid, meaning users can swap back to any other token at their convenience using a DEX.
Secondly, get to pick from two possible strategies to earn yield.
- Stake your linSPIRIT to weekly rewards from inSPIRIT
- Provide liquidity for linSPIRIT/SPIRIT and earn LQDR
SpiritSwap
The SpiritSwap protocol adds incentives for Fantom network participants by introducing revenue sharing through the classic AMM model. Providing a platform for trading, staking, and farming.
Liquid Driver
Aiming to bring its users more utility, rewards, and long-term benefits through our native token, LQDR, and ultimately become the leading liquidity-on-demand platform for dApps on the Fantom Opera Mainnet.
Source
https://liquiddriver.medium.com/introducing-liquidspirit-a-wrapped-version-of-inspirit-4f8cbedef786
