Virtue is thrilled to unveil its collaboration with ShimmerSea, a leading decentralized exchange (DEX) on ShimmerEVM focused on offering a premier trading experience. This partnership is poised to deliver several key benefits, reshaping the DeFi landscape on ShimmerEVM for the better.
Let’s take a closer look at our partnership:
Virtue’s Initial Liquidity Offering (ILO)
Virtue will leverage ShimmerSea’s platform for its Initial Liquidity Offering. This means that Virtue will have a robust and reliable platform to kickstart its liquidity provision journey and offer a fair opportunity for users to obtain Virtue tokens prior to launch. For Virtue, this translates into a seamless and efficient process to introduce its native token to the market, enhancing accessibility for investors and liquidity providers.
Liquidity incentives for ShimmerSea
Virtue will provide liquidity incentives for ShimmerSea to adopt vUSD pairings against numerous assets including the Virtue token. This means that ShimmerSea users will benefit from increased trading opportunities and deeper liquidity pools whilst we provide a key piece of utility and allow vUSD to trade across a variety of assets.
Utilizing ShimmerSea’s pricing data for security
Virtue will rely on pricing data from ShimmerSea to enhance the security of its platform. Accurate and up-to-date pricing data is crucial for making informed decisions in the DeFi space. By partnering with ShimmerSea, Virtue can ensure that its users have access to reliable pricing information alongside pricing data from Pyth Oracles, reducing risks and preventing potential vulnerabilities.
Wide adoption of vUSD on ShimmerSea DEX
ShimmerSea is committed to providing wide adoption of vUSD on its decentralized exchange. This means that users of ShimmerSea’s platform will have increased access to a stable and reliable digital currency, vUSD, which is integral to Virtue’s ecosystem.
Outlook
Together, we aim to create a more accessible, secure, and liquid DeFi ecosystem for all users. Stay tuned for more exciting developments as we embark on this journey together.
