SteakHut Partnership with Moremoney to offer capital-efficient liquidity provisions on top of Trader Joe V2, Avalanche’s premier decentralized exchange.

SteakHut is assisting Avalanche in developing an effective focused liquidity layer. One-of-a-kind liquidity management software optimizes and automates concentrated liquidity holdings. This enables incredibly capital-efficient liquidity.

The MONEY-AVAX & MONEY-USDC Liquidity Vaults

Two Moremoney liquidity vaults, MONEY-AVAX, & MONEY-AVAX are now open to users across Avalanche to provide liquidity and earn swap rewards.

SteakHut is a key liquidity provider for the Trader Joe V2 DEX, providing MONEY-AVAX & MONEY-USDC liquidity vault and smart contracts to keep liquidity active through automated rebalancing.

SteakHut’s liquidity provisions offer LPs a range of “set-and-forget” liquidity options to deposit their tokens and keep returns-optimized.

SteakHut’s smart contracts will automatically rebalance and reinvested tokens to ensure liquidity is within the chosen strategy, saving time and gas from managing own liquidity daily.

Users can deposit into the liquidity vault in a few easy steps:

· Step One: Locate the MONEY-AVAX & MONEY-USDC strategy on the SteakHut platform

· Step Two: Enter the number of tokens to stake (note SteakHut uses concentrated liquidity, the vault ratio will often fluctuate from 50:50)

· Step Three: Approve both tokens with SteakHut

· Step Four: Deposit and approve the transaction

Liquidity Vault Technical Parameters

Strategy design

Dynamic Range Strategy (MONEY-AVAX): Liquidity is provided on Trader Joe V2 in set bins surrounding the active bin. When the active bin moves towards the edge of SteakHut’s liquidity range a rebalance is called. This ensures that liquidity is always provided surrounding the active bin.

Stable Strategy (MONEY-USDC): Liquidity is provided on Trader Joe V2 surrounding the $1 price bin. No rebalance is called, and liquidity is constantly compounded and deposited around the $1 price range.

The Liquidity Layer of Web3

SteakHut Liquidity introduces a novel decentralized liquidity management protocol that enables liquidity providers and tokenized protocols to optimize their capital on Trader Joe’s DEX V2: The Liquidity Book.

About Moremoney

Moremoney, is a stable borrowing protocol native to the Avalanche blockchain. Moremoney is a lending protocol for opening overcollateralized debt positions using liquidity pool tokens, interest-bearing tokens, and other major tokens as collateral.

 Website | Twitter

About SteakHut

SteakHut is creating “The Liquidity Layer of Web3”, a first-of-its-kind liquidity management platform aimed to keep DeFi Liquidity.

 Website | Twitter

SOURCE: https://medium.com/@SteakHut/partnering-with-moremoney-to-create-deep-liquidity-8ca02e5d947c

The post SteakHut Partnership with Moremoney appeared first on Smart Liquidity Research.

Moremoney offers consumers attractive returns on accounts via third-party execution platforms like as Platypus Finance, BENQI, AAVE, and Yield Yak. Users may change the technique utilized on their underlying funds if a better option arises.

Moremoney’s vision is to help expand the Avalanche lending landscape, letting users borrow a first of its kind yield bearing stablecoin (MONEY), while earning a sustainable yield on their collateral.

Together, CAI and Moremoney bring some of Avalanche’s most innovative lending solutions

How it will work?

The integration of CAI/AVAX LP onto the Moremoney protocol helps enhance the index’s utility, allowing investors to deposit their LP, borrow against it and leverage.

As a result of this integration, CAI investors will be able to unlock liquidity, borrow at sound collateral ratios while continuing to earn competitive yield returns.

About Moremoney

Moremoney is a decentralized borrowing platform native to Avalanche. Users can deposit tokens on the platform and borrow the MONEY Stablecoin.

Website |Twitter

About Colony

Colony is a community-driven accelerator that will eventually become an inclusive DAO to support the expansion of the Avalanche ecosystem. powered by the $CLY governance token.

Website |Twitter

About Phuture

Phuture (PHTR) is a decentralised protocol that allows users to gain passive exposure to crypto assets. With leading index products built on Ethereum and Avalanche, Phuture is at the forefront of innovation in crypto passive investing. Phuture has a global team and community to support and grow its mission.

Website | Twitter

SOURCE:

https://medium.com/cai-colony-avalanche-ecosystem-index/cai-announces-partnership-with-moremoney-to-enable-leverage-f244e881ab7

The post CAI Partnership with Moremoney appeared first on Smart Liquidity Research.

The move will take place on August 16 at 9:30 UTC. Make a note of the migration in your calendar and prepare ready for it! MONEY Migrating to the Alternative Pool

Will It Affect The Pool’s APR?

Definitely YES! The total APR of this pool will be much higher because of following updates: (1) Moremoney will QUADRUPLE (4x) their emission, and (2) they will provide boosting incentives for MONEY pool.

Remember to Migrate Your Funds to New MONEY Pool!

If you have funds on MONEY Pool, you will need to migrate your funds to the new pool. Here is a step-by-step guide on how to migrate:

1. If you currently have funds on MONEY pool, you will see a notification on the top section of your account informing you about the new contract being available.

2. On the Migration Page, you will see the total amount of staked MONEY in the old contract.

3. Follow the steps and approve the transaction in your wallet.

4. you’re all set!

ABOUT PLATYPUS

The Platypus Finance protocol is a single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain. Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability and superb UX. Exclusively on Avalanche.

Website | Twitter 

ABOUT MOREMONEY

Moremoney is a protocol for borrowing stablecoin while earning more than decent interest on liquidity pool tokens and other collateral assets. The protocol can convert the most popular tokens, e.g., ETH, WBTC, USDT, AVAX, into ibTKNs.

Website | Twitter

SOURCE:

https://medium.com/platypus-finance/money-is-migrating-to-the-alternative-pool-4e781e5e7cee

The post MONEY Migrating to the Alternative Pool appeared first on Smart Liquidity Research.

TLDR

• This will align incentives for all participants
• Adoption of a variable interest rate model to further strengthen the USD peg of MONEY
• MONEY will become the first interest-bearing stablecoin on Avalanche
• Minting fees for MONEY will be the lowest on Avalanche
• MONEY holders and Liquidity Providers will be able to boost yields with veMORE

Building a Great System

Building a great system goes much beyond lines of code, it is found in aligning the interests of the different participants in an ecosystem. The major objective of the V2 launch is to align the interests of these participants and define a system that works for all. This is how we create a sustainable future for Moremoney.

Participants we seek to align:

• MONEY borrowers
• MONEY holders
• MORE holders
• Liquidity providers

Interest-bearing MONEY

They have implemented a variable interest rate model on borrowing that will increase when the USD peg of MONEY is weak, and decrease when the peg is strong. This will serve to stabilize the peg, without needing to resort to forced-redemptions (which borrowers dislike). Since all market participants need MONEY to be ultra-sound, we believe this will be good for all.

Enabled by the variable interest rate model, MONEY will become the first interest-bearing stablecoin on Avalanche. Those holding MONEY will be able to stake it and receive most of the interest paid from borrowers as yield. This will create more demand for holding the stablecoin, which should further balance liquidity pools and further improve stability. Again, great for all participants in the ecosystem, and especially for MONEY holders.

V2 introduces veMORE

MONEY holders and liquidity providers will be able to boost their yields by staking MORE to for veMORE. 1 staked MORE will generate 0.014 veMORE every hour. The maximum veMORE held from a deposit is 100 times the MORE staked. In other words, it takes about 10 months to reach the veMORE cap. At the time of this writing, 50% of interests and rewards eligible for distribution will be streamed to all holders, and another 50% will be distributed proportionally as boosted rewards. The generation of the veMORE token will add utility to MORE, great for those holding our protocol token.

About Moremoney

Moremoney is a protocol for borrowing against your liquidity pool tokens and other interest and non-interest bearing tokens, while still earning a healthy APY. The purpose of Moremoney is to facilitate the subsequent conversion of basic tokens like ETH, AVAX, and USDT into ibTKNs.

Website | Twitter

SOURCE

https://moremoneyfi.medium.com/launch-of-v2-one-system-to-align-all-participants-5f731767e9b6

The post Moremoney V2 Launch appeared first on Smart Liquidity Research.