Liquibrium, the most-efficient StableSwap on Tezos (English and Tagalog)

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This article is available in English and Tagalog

English: What is Liquibrium

Liquibrium facilitates swaps between stablecoins, providing users with low slippages and liquidity providers with high returns. The first pair they are launching with is $kUSD – $USDtz.

Built by a small team of independent developers (Dev Churiwala, Dayitva Goel, and Vivek Kumar) from the ground-up, Liquibrium has its roots in the Tezos India Fellowship program.

Liquibrium sought out to emulate and improve on Curve Finance, a well-established stablecoin exchange in the DeFi space. They now aspire to make the assets in the Tezos DeFi space more liquid, and see themselves as an instrument to pave the way for the inevitable growth of Tezos DeFi.

Features of Liquibrium

Single-Sided Liquidity Provision

You now don’t need to have both tokens to provide liquidity as Liquibrium allows you to choose. Add liquidity to only one side of the pool or add successively to both sides.

New Arbitrage Dynamics

Help balance the pool and get rewarded extra LP tokens. At the very core of the protocol lies its innovative mechanism for rewarding LP tokens. If the pool is imbalanced and a user adds tokens to move it to a balanced state, the user will be rewarded with a small bonus in the form of LP tokens. Similarly, if a user withdraws a large amount and moves the pool towards an imbalanced state, the protocol rewards fewer LP.

Fee-less Deposits & Withdrawals

Add liquidity or remove liquidity at any point of time without paying any fee. Deposit once and keep accruing exchange fees till you withdraw. All at no cost!

Low Swap Fee

Liquibrium offers swaps at a minimal fee of 0.15%, one of the lowest in the entire Tezos DEX ecosystem.

Low Slippage

Get the best exchange ratio for your swaps made possible through a dynamic coefficient that can be used to tune the curve’s flatness. This is made possible by a bonding curve that more accurately models the dynamics of stablecoin pools. It is an amalgamation of constant sum and constant product market maker formulas that aims to provide the best of both worlds.

Secure

Liquibrium’s smart contracts have been audited independently and have proven to be secure against vulnerabilities. Liquidity providers can also provide liquidity with little to no impermanent loss. Since the tokens in stablecoin pools are pegged or move together, liquidity providers don’t run the risk of holding rapidly appreciating or depreciating assets that may not move together.

Backed By:

  1. Antler India
  2. TzAPAC
  3. Kolibri DAO

Join us on Twitter and Discord to stay up to date:

  1. Twitter: https://twitter.com/liquibrium
  2. Discord: https://discord.com/invite/nNnsp4fxqx

Tagalog: Liquibrium, Isang StableSwap sa Tezos

Pinapadali ng Liquibrium ang palitan sa pagitan ng mga stablecoin. Sa pamamagitan nito, mababang slippage at liquidity lamang ang kakailanganin ng isang user upang magkaroon ng malaking balik or return. Ang unang pares na makaksama nila sa paglunsad nito ay ang  $kUSD – $USDtz.

Ang proyektong ito na binuo lamang ng isang maliit na grupo ng mga independent developers (Dev Churiwala, Dayitva Goel, and Vivek Kumar) ay nag-ugat sa Tezos India Fellowship program. Sinimulan ang liquibrium upang pantayan, higitan at pagbutihin pang lalo ang Curve Finance, isang kilalang stablecoin exchange sa mundo ng DeFi.

Ngayon, minimithi nilang gawing mas “liquid” ang mga asset sa Tezos DeFi space, kaalinsabay ang kanilang layuning makita ang kanilang sarili bilang isang intrumento sa pagbunsod sa tuluyang paglago ng Tezos DeFi.

Mga Feature ng Liquibrium

Liquidity Provision na Single-sided

Hindi mo na kailangan ngayon magtaglay ng parehong mga token para makapagbigay ng “liquidity” sapagkat ang “Liquibrium”na ang magbibigay sayo ng kakayahang mamili. Magdagdag ng liquidity sa isang side lamang ng pool o magkasunod na magdagdag sa parehong side.

Bagong Arbitrage Dynamics

Tinutulungang balansehin ang pool at ma-reward-an ng extra LP tokens. Sa pinakapusod ng protocol matatagpuan ang makabago nitong mekanismo sa pag-reward ng LP tokens. Kung ang pool ay hindi balanse at kung magdagdag ang isang user ng token para ibalik ito sa pagiging balanse, ang user na ito ay mare-reward-an ng maliit na bonus sa anyo ng LP tokens. Gayun din naman, kung mag-withdraw ang isang user ng malaking halaga at mawalan ng balanse ang pool, mare-reward-an ka ng protocol ng mas kaunting LP.

Walang bayad na Deposits at Withdrawals

Magdagdag ng liquidity o magtanggal ng liquidity sa akhit anong oras nang hindi nagbabayad ng fee. Magdeposito ng nisang beses at mag-ipon ng exchange fee hanggang sa mapagdesisyunang mag-withdraw. Lahat ng ito nang walang bayad!

Murang Swap Fee

Nag-ooffer ang Liquibrium ng palitan sa mababang halaga na 0.15%, isa sa pinakamababa sa buong ecosystem ng Tezos DEX.

Murang Slippage

Kunin ang pinakamainam na exchange ratio para sa iyong pakikipagpalitan or “swaps”, na naging posible dahil sa dynamic coefficeint na maaaring gamitin para i-tune ang flatness ng curve. Ito ay naisakatuparan sa pamamagitan ng isang bonding curve na wastong mino-model ang dynamics ng mga stablecoin pool. Ito ay ang pagsasama-sama ng cojstant sum at constant product market maker formula na naglalayong magbigay ng isang magandang experience mula sa magkaibang bagay na ito.

Ligtas

Ang smart contract ng Liquibrium ay hiwalay na ino-audit at napatunayan nang ligtas sa anumang vulnerablity. Ang mga Liquidity provider ay maaari ring magbigay ng liquidity nang may maliit o walang impermanent loss. Dahil ang mga token sa mga stablecoin pool ay sabay-sabay na ginagalaw, naiiwasan ng mga liquidity provider ang panganib na humawak ng mga asset na mabilis na mag-appreciate o depreciate at hindi maaaring sabay na galawin.

Sinusuportahan ng:

  1. Antler India
  2. TzAPAC
  3. Kolibri DAO

Samahan kami sa aming Twitter at Discord upang maging updated:

  1. Twitter: https://twitter.com/liquibrium
  2. Discord: https://discord.com/invite/nNnsp4fxqx

This article is published on BitPinas in collaboration with TZ APAC: Liquibrium, the most-efficient StableSwap on Tezos (English and Tagalog)

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