Stake, Farm, and Swap your digital assets from your phone all in one single application. Liquidus is a simplistic iOS & Android app that allows you to earn interest on your decentralized digital assets with as little as one click. All the opportunities — in one single place.
What is Liquidus?
Liquidus is a start up project founded by Marco Wenisch (CEO & Head of Product) and co-founded by Finn Lauppert von Peharnik (COO). The team at Liquidus are building a blockchain software as a service (SaaS) that allows mobile friendly and easy navigation of DeFi markets via a new crypto wallet.
The Liquidus wallet is a decentralized non-custodial wallet designed and built to simplify yield farming and staking. Their iOS & Android application is helping users from all categories dive into the investing world simply and securely by providing a central place to control digital assets, earning you interest while you sleep on hundreds of farms and pools. Their one click smart contract reduces several backend transactions into one front end click saving you a significant amount of time. The best bit? Your assets stay your assets. Your keys, your crypto.
What is Yield Farming & Staking?
Yield farming, also known as liquidity mining, is a process in which users provide liquidity to a decentralized finance (DeFi) protocol by locking up their assets in a liquidity pool. In return, they receive a share of the protocol’s transaction fees and/or tokens that represents their share of the pool which is the yield, hence the name yield farming.
We also have what’s called staking, similarly to yield farming you lock away your tokens in exchange for rewards. However staking is often used to provide network security, rather than liquidity.
In the Liquidus application, the farms and pools rewards are measured in annual return rate (APR) or annual percentage yield (APY) which will give you an indication of the likely annual returns on that particular pool or farm. However, this is where the Liquidus app really stands out from the crowd, to maximise your DeFi gains you’ll need to find the best return rates for your cryptocurrencies, and these return rates may change on an hourly or daily basis. With Liquidus you can easily swap your assets to different pools to ensure you are constantly gaining optimal returns on your assets at all times!
“At Liquidus we are building the future of democratized digital asset management, a future for everybody to take part in. All focused around one simple app, non-custodial accounts and the best returns on your assets.” — a spokesperson of Liquidus.
Liquidus Wallet Features
One-Click Liquidity Pool Access
The Liquidus app has user experience at the forefront of it’s design, allowing your cryptocurrencies to be added to liquidity pools with a single click of a button. The audited one-click top-up and withdrawal contract automates providing liquidity and depositing LP tokens to a farm contract instead of needing to perform multiple transactions. Making Liquidus a go-to application for those new to crypto and decentralized finance.
All Your Liquidity Pools & Farms In One Place
Within the Liquidus app, users will have access to PancakeSwap, BiSwap, UniSwap, SushiSwap, VVS Finance, and MM Finance in the first release version (25th January 2023). More protocols will be added at a later date. This will allow users to conveniently manage their coins, portfolio growth, liquidity pool distribution, and overall balance all in one place. In other words,integrating the entire DeFi ecosystem into a one-stop shop application.
Simple interface and swap integrated
The team at Liquidus have developed an advanced integrated swap functionality that aggregates liquidity of multiple DeFi protocols. What does this mean? Well, it means that you can be confident you’ll always receive the best exchange rates. For example, when comparing tokens swapped directly on a DEX like Pancakeswap (PCS) and tokens swapped in the Liquidus app you will see you can get more tokens for your money. Why? Because the Liquidus swap interface will make use of the liquidity of multiple DeFi protocols, thus providing better rates for the user for that given trade. Their tests suggest that this new contract can save the user from 0.1% to 0.5%, which can be up to $50 for a swap of $10,000.
The user-friendly Liquidus interface also makes swapping easy for those new to the DeFi space!
Liquidus Yield Intelligence
Remember earlier when we discussed finding the best return rates for your assets? The Liquidus Yield Intelligence scanner does exactly that! This tool will continuously scan the entire DeFi market, search on different blockchains and platforms for the best possible rates for the user defined tokens and liquidity pools. If the results returned a better farm, you’ll be notified and guided through the process to allocate your assets to the more rewarding farm.
In the future, the Liquidus team plans to fully automate these transactions minimising the need for human interaction — Is this too powerful of a tool? Let’s wait and see!
Liquidus Security Rating
A question that is always on our minds when it comes to decentralized finance, how do I know it’s safe? Well Liquidus has thought about that too. While nothing is guaranteed in DeFi, the team at Liquidus have assigned a security rating to each of the pools and farms on the platform. The security rating varies from 0–100 and only those scoring above 40 will be listed within the application.
This can help provide confidence to those less familiar with the DeFi space and unsure which pools are safe — It must be noted you should only invest what your willing to lose. The crypto market is extremely volatile and unregulated.
Liquidus Boost
The Liquidus boost feature is a fantastic concept which provides additional utility and therefore demand for the $LIQ token. The boost provides the user with higher APR on any of their pools or farms for a 24 hour period once a week. The amount at which the APR is boosted by is dependant on the users premium tier and ranges from an additional 25% to 200%. The premium tiers are discussed later in the blog.
Liquidus Insurance Fund
As the DeFi space is for the most part unregulated, unfortunately occasionally things can go wrong. We can all be victims of rug pulls, hacks, scams and sometimes, through no fault of your own of Liquidus, they can’t be avoided. That’s exactly why Liquidus are going to offer their very own insurance fund. This will be a decentralized smart contract that can compensate any security breaches or issues relating to a loss of user funds.
The amount of the insurance premium depends on the risk of the DeFi protocol that is used to deposit the coins. It ranges from 0.99% to 3.99% depending on the Liquidus Security Rating of the pool in question.
Liquidus DeIndex Funds
In traditional finance there are index funds in which smaller asset holders can contribute to a larger pool. Liquidus has taken this concept and developed a decentralized version called the Liquidus DeIndex Funds. The Liquidus DeIndex Funds will be managed by a predefined and audited smart contract that follows clear rules and principles and no entity will have control of those funds at any time. Participating in DeIndex Funds comes with two main benefits: Allows users to earn passive income on their held assets and the gas fees for each transaction will be divided by the number of users who have committed to the fund, reducing the cost to each individual. Some examples of what the Liquidus DeIndex Funds could be:
- Top 5 coins (BTC, ETH, BNB, USDT, USDC)
- Top 10 DeFi coins
- Top 25 coins
- Top 100 coins
- High yield coins
- Stablecoin farms
Why do the hard work if a smart contract can do it for you?
The LIQ Token and It’s Utility
The Liquidus token (LIQ) is natively deployed on BNB Smart Chain and is also present on Ethereum, Polygon, and Cronos via the Multichain bridge protocol. The LIQ token is fully audited by CertiK. The LIQ contract addresses for each blockchain are listed below:
- BSC: 0xc7981767f644c7f8e483dabdc413e8a371b83079
- Ethereum: 0x5F69b7Ab8F7cAb199a310Fd5A27B43Fef44ddcC0
- Polygon: 0x4036f3d9c45a20f44f0b8B85dD6CA33005fF9654
- Cronos: 0xabd380327fe66724ffda91a87c772fb8d00be488
Tokenomics
The initial total supply for LIQ was 100,000,000. There has however been a significant amount of burns over the past year and the total supply at the time of this article is 77,000,000.
Token Utility
Liquidus holders are given a premium tier ranking based on the amount of LIQ tokens they hold within the Liquidus wallet. Each higher tier has added benefit in the form of reduced fees & rates, higher Liquidus Boost APR percentage and additional tracked coins.
To determine the premium tier, all LIQ tokens deposited and locked in the Liquidus farm by the user are taken into account. These include tokens staked as single tokens in the Liquidus app, as well as all LIQ tokens that are paired with another token in a liquidity pool, also using partner DEXes, count towards the premium tiers if Liquidus was used to create those liquidity pools.
The current tiers are Bronze (standard), Silver, Gold & Titan.
Token Deflation
The Liquidus team have decided to include a burn mechanic into the app transactions to ensure that LIQ is a deflationary token and the total supply will reduce overtime and therefore, in theory, increase the value of one LIQ token.
50% of the standard transaction fees collected will go towards buying the LIQ token and sending them to a burn wallet. In addition to this, all fees collected from Liquidus DeIndex Fund will also go towards buying the LIQ token and sending it to the burn wallet. If LIQ tokens get collected as part of the fees, 100% of the LIQ tokens will be burned.
The Early Adopters Airdrop
Yes, you heard that right, airdrop! Liquidus are doing an airdrop for early adopters of the wallet. You can earn free tokens simply by being one of the first users of their wallet. Of course, they aren’t giving away free tokens for nothing though — There are some requirements that have to be met for you to be eligible for the free tokens. Please view their terms and requirements on this medium post — Early Adopter Airdrop — Final Terms
Want to know more about Liquidus? Visit their website or telegram channel.
Website: Liquidus.finance
Telegram: https://t.me/liquidusfinance
Originally published at https://www.blogbit.io.
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