Creator proposes joint Liquidity-mining with KyberDMM
Creator is excited to finally announce that we are proposing joint liquidity mining with KyberDMM. We believe this will bring an increasing value of the CTR token and empower more liquidity providers, traders, and developers to effectively engage in the world of decentralized finance.
Kyber DMM is the next-generation AMM protocol. Through its enlarged capital pool, it maximizes the capital use of liquidity providers, provides high capital efficiency, dynamic fees and optimizes returns.
With the Rainmaker liquidity mining program, KyberDMM will bring greater flexibility and high capital efficiency by offering liquidity providers amplified pools as well as bring more DeFi participants and value into the KNC.
By implementing novel features in it protocol, KyberDMM can be up to more capital efficient than typical AMMs. We can list out some advantages of the KyberDMM including:
- Amplified pools with extremely high, if not the highest capital efficiency possible when compared to AMMs.
- Lower trade slippage due to high capital efficiency.
- Dynamic fees to optimize returns for liquidity providers and reduce the impact of impermanent loss.
- No third-party or centralized oracle risks.
CTR and KyberDMM are a great match!
This joint Liquidity mining can raise the awareness of both KyberDMMand Creator to the DeFi community.
In addition, during the campaign period, liquidity providers who add liquidity on the eligible CTR-ETH or CTR-KNC pools will receive LP tokens that can be staked on the Yield page for additional CTR and KNC token rewards.
Excited enough? Join and share your thoughts on our proposal HERE!
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