LandX Partnership With Gamma
Partnership: Managing xToken Liquidity With Gamma
LandX Partnership With Gamma. Uniswap is a decentralized exchange where users can swap one token for another. It works by a liquidity provider adding two assets to a pool, in our case: xTokens & USDC. End users can come along and purchase xTokens with USDC or another asset which will be route through an additional pool i.e. “ETH > USDC > xToken”.
The user pays a fee (usually 0.3%) to make the trade and this fee is give to the liquidity provider. The latest version of Uniswap v3 uses concentrated liquidity pools where a liquidity provider must define a price range at which they are willing to provide liquidity. The tighter this range the more concentrated the liquidity and the greater the fees they receive. This also makes capital provisions more efficient and reduces slippage for traders.
Concentrated liquidity in a Uniswap v3 pool
Concentrated liquidity in a Uniswap v3 poolHowever, if the price moves outside of this range then their liquidity position completely convert to an asset that is relatively declining in value. This effect is call impermanent loss and it can be a significant risk for liquidity providers.
LandX has significant funding to set up liquidity pools for the xToken/USDC pairs. These funds need to be manage so that the liquidity positions are actively adjust to prevent from going outside range.
Enter Gamma: a protocol that provides active, non-custodial, concentrated liquidity management for Uniswap v3 and other decentralized exchanges.
The Gamma uses hypervisors, which are upgradable contracts that interact with AMMs. Hypervisors can be deployed for any pair, any fee tier, & on both Layer 1 & Layer 2 blockchains. Hypervisors mint fractional liquidity pool tokens similar to Uniswap V2, collect fees, and can experience impermanent loss.
This partnership ensures LandX has access to cutting-edge liquidity management which will improve capital efficiencies and reduce slippage for users trading xTokens. LandX is dedicated to bringing real-world assets on chain and making those assets liquid, stable and efficient for our users.
The liquidity pairs will initially include:
- xBasket/USDC — xBasket is an index fund containing weighted amounts of the 4 xTokens
- xWheat/USDC — xToken providing yield in cTokens convertible to USDC at the value of 1KG/Year
- xSoy/USDC — xToken providing yield in cTokens convertible to USDC at the value of 1KG/Year
- xRice/USDC — xToken providing yield in cTokens convertible to USDC at the value of 1KG/Year
- xCorn/USDC — xToken providing yield in cTokens convertible to USDC at the value of 1KG/Year
- LNDX/USDC — LNDX governance token providing maximum exposure to the growth of LandX
If you are interested in testing out LandX products then sign up for our Alpha Farmers testnet program to receive an airdrop of Goerli ETH & USDC: https://t.co/fLHv9Mixw7
About Gamma
Gamma a protocol designed for the non-custodial, automated, active management of concentrated liquidity pools. Gamma’s protocol is built into a Web Application hosted on the main Gamma site. This protocol is available to both the Public, and Pro entities like DAOs, treasuries, and protocols.
About LandX
LandX the perpetual commodity bonds protocol. Perpetual bonds provide investors an inflation hedged return backed by a legal contract secured on underlying farmland. LandX makes perpetual bonds available as a liquid digital asset — xToken, offering uncorrelated, inflation-hedged diversification.
