Use #LiquidityBook to enter or exit a token with zero cost + earn fees
π― This is one of the best kept secrets about Liquidity Book and thanks to it's innovative design, LPs can execute strategies with high precision
Let's exploreππ
π Buy
1οΈβ£ Select "Spot"
2οΈβ£ Enter desired price range
3οΈβ£ Click deposit Liquidity
4οΈβ£ Wait for your price target to hit
5οΈβ£ Withdraw your liquidity
βHow does it work?
In the below image, when $AVAX hits $19 your $USDC liquidity will start to convert to $AVAX. When that starts to happen, you are 'buying' $AVAX for $USDC
Remember to monitor and withdraw your liquidity when a desired amount has been converted
π Sell
1οΈβ£ Select "Spot"
2οΈβ£ Enter desired price range
3οΈβ£ Click deposit Liquidity
4οΈβ£ Wait for your price target to hit
5οΈβ£ Withdraw your liquidity
β How does it work?
In the below image, when $AVAX hits $21 your $AVAX liquidity will start to convert to $USDC. When that starts to happen, you are 'selling' your $AVAX for $USDC
Remember to monitor and withdraw your liquidity when a desired amount has been converted
π Customise your position
Liquidity Book offers the most versatile deployment of strategies thanks to its fungible 'bin' architecture
This means you can deploy any type of shape and also make small dynamic adjustments, without removing your entire position
V2.2 introduces a hook capability for Liquidity Book. The first implementation, Concentrated Incentives, is also live today with $ARB rewards activating ~tomorrow.
More details below (no links in post)
π Firstly
As part of the V2.2 Launch there is a new router on Arbitrum and Avalanche that will need to be approved for the first time.
By utilizing a discretized architecture, Liquidity Providers gain full autonomy and flexibility over the liquidity range they deploy, how that liquidity is shaped, and how they manage it moving forward.
β’ 9.8k ($350k) $AVAX will be distributed
β’ Total TVL ($) Staked accounts for 95%
β’ % of Staked Supply accounts for 5%
When will rewards be distributed?
Rewards have been received for this current week, following a brief off-chain calculation process they will be distributed. A further announcement will be made when this happens. Rewards can be claimed directly from staking pool(s).
Over 20 new pairs for onchain limit orders have been added, including many popular #DeFi tokens and community coins on #Avalanche.
Place your orders and trade with automated ease, on your terms and at no cost.
What are onchain limit orders?
By leveraging the discretized architecture of Liquidity Book, swap are executed onchain using Liquidity Pools.
This approach ensures decentralization, no reliance on external oracles and no fees to pay when trading.
There are two types of limit orders π
πͺ Place Orders
Accessible from the Trade page by selecting 'Place Order', this limit order feature allows you to execute swaps at your chosen price point.
When you set up an order, your tokens are deposited into a liquidity pool. If the market reaches your specified price, your position automatically converts into the desired tokens, which are then held for you to claim at your convenience.
The Avalanche Foundation have announced a $1m memecoin rush program. Trader Joe will play an integral role, offering users the ability to stake memecoins and earn $AVAX.
Get ready to prove your diamond hands ππ
The rush is about to start ...
Memecoins on #Avalanche πΊ
@AvalancheFDN are committed to nurturing culture and creativity. 'Memecoins' are embraced for their strong brand proposition & loyal community following. They can add depth and diversity to any ecosystem. Trader Joe is aligned in support.
...Soon β’
The TLDR π
Expected to launch next week:
β’ Single-sided meme coin staking program
β’ Points system based on staking activity
β’ Multipliers to increase points accrual
β’ Weekly epochs with $AVAX airdrops
β’ Diamond Hands: Collaborative Goal
If you enjoy Auto-Pools, grinding Leaderboards or perhaps you're just a humble $AVAX yield farmer...
...Pay attention to what unfolds over the next days, there is plenty to unpack and reveal.
βWhat are Auto-Pools?
Few users want to manage and monitor active liquidity, so Auto-Pools were built as the solution to provide algorithmic rebalancing liquidity positions on Liquidity Book.
Struct Finances integration of Auto-Pools enhances user options even further...
π Introducing Struct Finance
Struct is the first protocol for yield tranching on #Avalanche, offering users a choice between a fixed tranche or a variable tranche.
The Auto-Pools integrations now allows users to select between a fixed yield or a riskier variable yield option.