Thread by @cryptonaut101

As some of you may have read my previous #thread on @SphereDeFi
would know the projects strong fundamentals

I want to now cover a new feature QLaaS

Thanks to @SphereDeFi I have 4,000 $SPHERE (250 $USD) to #giveaway later in 🧵

🧵QLaaS, What is it? 🔮🔮

#defi #crypto #polygon

Table of Contents

1. What is Liquidity pt.1?
1a. What is Liquidity pt.2?
2. Quantum Liquidity
2a. What is QLaaS?
3. QLaaS Clients
4. TetuSwap
5. Improvements
6. Giveaway

1. What is Liquidity?

Liquidity is the amount of funds available in an exchange.

In Sphere's case, this is the WMATIC/SPHERE liquidity pool on #matic quickswap.
The pool contains $WMATIC and $SPHERE

Pools need to maintain a 1:1 USD ratio between two tokens.

#polygon #crypto

1a. What is Liquidity pt.2?

Basically when you sell, you add more $SPHERE to the pool, pushing the price of $SPHERE down

When you buy, you add more $WMATIC to the pool, pushing $SPHERE price up

Conversion to WMATIC is auto, so if you buy $sphere with usdc, quickswap converts

2. Quantum Liquidity

This sets Sphere apart from many other protocols

Sphere will use the LP (Liquidity Pool) as a way to farm and earn yield
It won't just sit there for buys/sells like a regular LP

This adds extra value in aiding the treasury, in return helping sustainability

2a. What is QLaaS?

There is also another use!
Sphere Finance offers QLaaS to other projects/protocols.

Any project that wants to use #QLaaS can do so through Sphere, providing a fee in exchange for the service.
These fees goes towards treasury

Breakdown as pictured below

3. QLaaS Clients

Below is a list of some projects who have applied to use #QLaaS as a client.

Some confirmed, some not as of yet.

@ParrotlyFinance
Confirmed client of the QLaaS

@MDB_DeFi
Confirmed

@AriaToken
Confirmed

I am bullish on all 3 above projects

4. TetuSwap

@tetu_io is a multichain protocol for yield management

Recently Sphere incubated Tetu into the ecosystem
A large portion of Tetu is now part of Spheres treasury, with this acquired, it allows #QLaaS across multiple chains
Allowing projects from all over use QLaaS!

5. Improvements

Since my first thread on @SphereDeFi

- Price has 7 X (0.008 last post)
- Dashboard 2.0
- S.P.H.E.R.E Games going strong
- ATH of $0.061
- Market Cap rose over $126,580,221 (Yet still early imo)
- QLaaS

6. Giveaway

I have 4,000 $SPHERE (250 $USD worth) to giveaway

To Enter
1️⃣Follow Me & @SphereDeFi
2️⃣❤ RT 1ST PAGE, Tag 2 Non Followers Tracked
3️⃣Comment a project you would like to see take on QLaaS

#Giveaway #polygon #spherefinance #Staking #QLaaS #crypto #matic #autostaking