WE WILL LAUNCH “ARIES DEX” ON POLYGON
ARIES TEAM has launched Yield farming on ETH and Yield Optimizer on Binance Smart Chain. As a platform compatible with Multi-chain, we have positioned the next battlefield as the Polygon network and are preparing to launch ARIES DEX.
What is ARIES DEX?
ARIES DEX is a Dex that specializes in Synthetic asset exchange with a “zero impermanent loss farm” and “synthetic assets” on Polygon.
ARIES DEX consists of “Swap” / “ZERO Impermanent Loss farm” / High Yield Liquidity Mining” / “Flash loan Prevention” / “Synthetic Asset” / “Inflation Prevention”.
Let’s take a look at the features of ARIES DEX one by one.
High liquidity fees for liquidity providers. ARIES DEX offers 0.3% on swap fees. The fees of 0.25% are paid out to the liquidity providers according to the percentage of that pool.
- Zero impermanent loss farm
You can deposit a single synthetic asset such as sUSDC or sUSDT to earn $ARIES.
By depositing a single assets such as sUSDC / sUSDT close to the price of stable coins, you can take advantage of investment strategies that avoid large price fluctuations.
- High yield liquidity mining
You can provide liquidity specified liquidity pool to earn $ARIES.
- Flash Loan prevention
We prevent flash loans by using chain links distributed oracle price feed and TWAP if not available.
- Inflation Prevention
Algorithmic monetary policy to reduce inflation of ARIES tokens.
- What is Synthetic asset?
It is a synthetic asset synthesized from stable coins such as USDC or USDC, $ARIES and TITAN that can be used in the ARIES Ecosystem. You can deposit these synthetic assets into the “Zero impermanent loss farming”.
1 sUSDC (or sUSDT) is a synthetic asset with 1 USDC (or USDT) + 10% of $ARIES +0.2 of TITAN. You will receive 1 USDC (or USDT) + $ARIES of share of sUSDC (sUSDT) when you redeem. This is a synthetic asset that is 90% guaranteed by USDC or USDT.
$ARIES is a token that creates Synthetic Assets. You’ll be able to receive $ARIES when you provide liquidity with specified trading pairs on ARIES DEX.
Token Name : ARIES Token
Token Symbol : ARIES
Total Supply : 1,000,000 (Starting at 0.01538 per block / 526 per day)
Network : Polygon
Contract Address : 0xf20b7ee8a2d835ab60dea98782789f6263d753ee
Utility : Synthesize / Buyback and burn
- 100% community reward, No pre-sale, No investors share, only 9% developer reward for every 1 ARIES issued through farming.
- 1,000 ARIES for airdrop / 10,000 ARIES for initial liquidity
The above are the main functions of ARIES DEX.
The ARIES Team is always looking for change and evolution. Join the community for constructive discussions.
Follow us on Social media.
Twitter : @_AriesFinancial
Telegram : Official Community