Growi.fi introduces Growi.LP, a new way of being a Liquidity Provider
Growi.fi (growi.fi)
Growi.LP / A protocol to help them all
Are You?:
Spending a lot of time looking among dozens of different protocols, each of them offering dozens of pools with different APYs?
Praying that the APY of the chosen pool won’t plummet, so you don’t need to start the previous process?
Checking every minute the price of the token in your exchange pool, worrying about the impermanent loss?
If those situations sound familiar, Growi.LP is exactly what you are looking for.
Growi.fi, the company that aims at making accessible the DeFi experience, presents Growi.LP: a new expert-based protocol to become a Liquidity Provider.
Growi.LP is a fit-in-all protocol: from a newbie who wants to participate easily in the DeFi ecosystem, to an experienced user who wants to get an APY from its stablecoin part of the portfolio.
For the first time (to our knowledge 🙂 you can be a Liquidity Provider (LP) in an easy and profitable way, reducing to the minimum the impermanent loss.
In just one click deposit your stablecoins in Growi.LP, and our unique algorithm will choose the best pools for you, so you simply collect the APY associated to be a LP, without the impact of ups and downs of the price of the tokens.
Therefore, you help the DEX community, getting an APY on your stablecoin whilst having less risk, all in one 🙂
Just turn on Growi.LP!
How does it work?
Swap your stablecoins in our single liquidity pool to get our Growi.LP token. The stablecoins in our pool will be deposited automatically to the highest yield available in the market.
This ensures that the APY of Growi.LP is stable over time, and is delivered directly in stablecoin! — forget about rewards in tokens that fluctuate permanently.
Growi.LP includes unique extra features — special backstops to make your investment safer:
We don’t allow a single token or pool representing more than 20% of the total funds
If there is a depeg of a stablecoin higher than 5% we switch to another stablecoin
For avoiding scam-tokens, we request to any token we invest in, at least 6 months of activity and being listed in the futures exchange
And if any token plunges, we detect it and we close any position, switching to stablecoins
Choose Growi.LP and sleep safe and sound!
So, let’s recap: Growi.LP is an experts-made protocol that makes it easy, safe & time-saving to invest as LP, decreasing significantly the impermanent loss, securing your profits by one and only system of automatic backstops… and all these advantages can be achieved with one of the lowest fees in the market: only 1% annually– as compared to other protocols 4–5%.
So don’t worry about anything, deposit your stablecoins in Growi.LP and forget about the process. Leave the rest to Experts!
Roadmap
Initially we will launch the protocol on BSC blockchain.
As we support & believe in DeFi, we are committed to delegate this project to a DAO that will be in charge of deciding about the future of Growi, and in particular about the roadmap
Next step to be considered is the launch on Ethereum, but the DAO has to speak!
We will give more details on the Tokenomics and the ICO in a following post!
From a technical viewpoint, we will launch with AMM DEXs (Pancakeswap and BiSwap), then moving as quick as possible to Concentrated LP AMM (Uniswap v3) where we can unleash the full potential of our algo — the aforementioned advantages plus being able to adjust dynamically the prices in which we provide the liquidity — and the more DEXs we add to our protocol, the better the opportunities are.
Now is your turn: let us know in which blockchain would you like to see this project, which DEX you consider very interesting to add to our protocol or give us any advice than can help us
Thanks for reading us,
The Growi.fi team
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