Launching on PancakeSwap: The Future of Alpha on Unibot
With the recent announcement of Uniswap V4 and the hyper-scalability potential of the zkSync era, the DeFi ecosystem continues to redefine the boundaries of finance. Diamond Protocol is thrilled to announce the official launch of trading pairs on PancakeSwap as part of this ongoing transformation. Our choice of the PancakeSwap AMM is underscored by our relentless commitment to staying ahead of the curve and consistently delivering top-tier value to our community. Without further ado, let’s briefly outline why we chose PancakeSwap.
Dual Reward Mechanism on PancakeSwap
One of the most compelling reasons for our choice to launch on PancakeSwap is its lucrative reward structure. PancakeSwap provides a unique mechanism where users can earn liquidity provider (LP) fees and CAKE reward tokens simultaneously in specific LP pairs.
This dual source of yield amplifies the APR potential of our Unibot trading pairs and provides a cushion against the inherent risks of impermanent loss in liquidity. CAKE farming yields on PancakeSwap are insulated from the uncertainties of impermanent loss, ensuring a more stable and consistent yield trajectory for our users.
Diversification with BNB Community
Launching on PancakeSwap and BNB Chain (BSC) provides a gateway to the growing BNB community. In Q2 2023 alone, BNB Chain’s average daily active addresses increased by 25.6% and transaction amount by 24.4%. Furthermore, unique contracts verified on BNB increased by a whopping 51.4%, from 62116 to 94355, indicating a rapid surge in developer activity. Our decision to launch on PancakeSwap and BNB opens the floodgates to a variety of new trading pairs, bringing new opportunities for diversification and greater flexibility in LP strategies to our user base.
Embracing the Active LP Revolution
Historically, liquidity provision was seen as a passive income source. However, the dynamics have shifted with the introduction and growing prominence of impermanent loss (IL). V3 LPs can no longer be passive participants; the risk of IL requires them to manage their liquidity position to seek higher APR. Diamond is right in the middle of this burgeoning trend. We aim to offer unparalleled variety in yield sources and trading pairs, positioning ourselves as the premier platform for sustainable yields in the DeFi arena.
Evolution with Advanced AMM Designs
With PancakeSwap’s launch of V3 in April and with the impending launch and code release of Uniswap V4, AMM platforms are venturing into more sophisticated territories. These versions are anticipated to offer enhanced, customizable tick features built on the same foundational AMM principles. This feature-rich standard allows more sophisticated trade orders and would draw in institutional traders, bringing more liquidity into the DeFi ecosystem.
Diamond Protocol is at the forefront of this new movement. We aim to continue to craft cutting-edge DeFi instruments offering attractive and sustainable returns, pushing the envelope of what is possible on decentralized exchanges.Join us as we embark on this exciting journey, reimagine the DeFi space, and set new industry standards for liquidity provision platforms.
Who We Are
Diamond Protocol’s Unibot is a leveraged liquidity provision platform that operates on top of DEXs. It allows liquidity providers on platforms like Uniswap to hedge their LP positions by borrowing and shorting volatile assets.
Unibot’s philosophy has always been to give the DeFi and crypto community a product that allows systemic earnings in a volatile market. From the beginning of our product design, we grappled with the question of how to earn profit in a market that is so unpredictable — our result was Unibot. This product aims to significantly increase our user’s odds of winning. We aim to create a scenario where a Unibot trader can accrue fees earned and wait for an ideal exit price even if they guess the market wrong.
Our approach has since been appreciated by seasoned traders within the crypto and DeFi ecosystem, and we welcome everyone to join our discord, where we regularly host trading competitions and events with rewards. Come on by and meet the team and other veteran traders eager to discuss and share strategies!
🐦 Twitter: twitter.com/diamondprotocol
👾 Discord: https://discord.gg/diamond
✍ Blog: medium.com/@diamondprotocol
🔮 Galxe: galxe.com/diamondprotocol
🌐 Website: dmo.finance
☎️Telegram: https://t.me/dmofinance
