1/
π’ @Entanglefi announce that their Incentivized Testnet will be live on January 30th ποΈ
Deserve a thread π§΅
Users will need to be whitelisted to participate and spots are limited
(Jump to final message if you are only interested in the testnet π )
#airdrop #airdrops
π’ @Entanglefi announce that their Incentivized Testnet will be live on January 30th ποΈ
Deserve a thread π§΅
Users will need to be whitelisted to participate and spots are limited
(Jump to final message if you are only interested in the testnet π )
#airdrop #airdrops
2/
What is @Entanglefi ?
A protocol that allows you to Earn Cross-Chain Liquidity Rewards and Borrow Stablecoins Simultaneously.
#DeFi need liquidity !
Users make low-slippage fair-priced token swaps on any DEX because of liquidity provided by users (Liquidity Providers LPs)
What is @Entanglefi ?
A protocol that allows you to Earn Cross-Chain Liquidity Rewards and Borrow Stablecoins Simultaneously.
#DeFi need liquidity !
Users make low-slippage fair-priced token swaps on any DEX because of liquidity provided by users (Liquidity Providers LPs)
3/
Enter Entangle:
Entangle allows you to gain exposure to high APY stablecoin & crypto LP yields across multi chains, without bridging funds or switching networks.
I.E. as an Arbitrum user you can trade, and earn fees on LP tokens from DEXs on Ethereum, Solana, and Avalanche!
Enter Entangle:
Entangle allows you to gain exposure to high APY stablecoin & crypto LP yields across multi chains, without bridging funds or switching networks.
I.E. as an Arbitrum user you can trade, and earn fees on LP tokens from DEXs on Ethereum, Solana, and Avalanche!
4/
Cross-Chain Synthetic LP Vaults:
Entangleβs SynthLP vaults allow exposure to cross-chain LP yields on your native chain. Each SynthLP vault represents a liquidity pool on a specific DEX on another chain π₯
Cross-Chain Synthetic LP Vaults:
Entangleβs SynthLP vaults allow exposure to cross-chain LP yields on your native chain. Each SynthLP vault represents a liquidity pool on a specific DEX on another chain π₯
5/
By depositing funds into vaults, users can mint SynthLP tokens on their blockchain of choice.
Funds are connected on the userβs behalf using Entangleβs network of validators and deposited into its corresponding liquidity pool.
By depositing funds into vaults, users can mint SynthLP tokens on their blockchain of choice.
Funds are connected on the userβs behalf using Entangleβs network of validators and deposited into its corresponding liquidity pool.
6/
Thus each SynthLP minted is backed by liquidity provided on another chain. The price of a SynthLP is pegged to the underlying LP value as it auto-compounds over time. 7
Thus each SynthLP minted is backed by liquidity provided on another chain. The price of a SynthLP is pegged to the underlying LP value as it auto-compounds over time. 7
7/
enUSD: SynthLP-backed Stablecoin
Entangle allow users to mint Entangleβs Stablecoin enUSD against over-collateralized LP positions.
Check medium for more technical informations:
medium.com/@entanglefi/inβ¦
enUSD: SynthLP-backed Stablecoin
Entangle allow users to mint Entangleβs Stablecoin enUSD against over-collateralized LP positions.
Check medium for more technical informations:
medium.com/@entanglefi/inβ¦
8/
Blockchains integrarion:
They are integrated with 9 chains: #Ethereum, #Avalancheβ―β―β―, #Fantom, #BSC, #Elrond, #Solana, #Arbitrum, and #Optimism
Full wallet integrations (Metamask, WalletConnect, Coin98, Coinbase)
Blockchains integrarion:
They are integrated with 9 chains: #Ethereum, #Avalancheβ―β―β―, #Fantom, #BSC, #Elrond, #Solana, #Arbitrum, and #Optimism
Full wallet integrations (Metamask, WalletConnect, Coin98, Coinbase)
9/
Partners π«:
Among others, @Entanglefi has partnerships with @traderjoe_xyz and @SpookySwap who are respectively the biggest Dex on #AVAX #arbitrum and #FTM.
Partners π«:
Among others, @Entanglefi has partnerships with @traderjoe_xyz and @SpookySwap who are respectively the biggest Dex on #AVAX #arbitrum and #FTM.
10/ Now about Testnet π°
Some people who have been following @Entanglefi closely have already completed the whitelist form.
But, if you haven't, you still have a chance! They will be opening up the remaining 10,000 whitelist spots next week. β
Some people who have been following @Entanglefi closely have already completed the whitelist form.
But, if you haven't, you still have a chance! They will be opening up the remaining 10,000 whitelist spots next week. β
11/
What can you do while waiting for the testnet?
Join their discord, follow them on Twitter and activate the bell.
When there is an announcement, grab your WL !
Read their Medium articles to fully understand the project π
discord.gg/entangle
What can you do while waiting for the testnet?
Join their discord, follow them on Twitter and activate the bell.
When there is an announcement, grab your WL !
Read their Medium articles to fully understand the project π
discord.gg/entangle
12/
@Entanglefi team already said that :
'' There will also be a special surprise for testnet participants and our most loyal community members. πͺπ''
You know what these emojis mean
Share the information with your friends.
You can RT and Like for support πβ€οΈ
@Entanglefi team already said that :
'' There will also be a special surprise for testnet participants and our most loyal community members. πͺπ''
You know what these emojis mean
Share the information with your friends.
You can RT and Like for support πβ€οΈ
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