New Incentivized Liquidity Pool Staking — gNOTE / TBILL LP Staking
Launching July 15th 2022 —
gNOTE / TBILL — A New Incentivized Liquidity Pool Staking instance.
Hosted on : ThetaSwap.io
Network: Theta Mainnet
Required Wallet: MetaMask (Theta mainnet)*
TNT-20 Token — TBILL
TNT-20 Token (NEW) — gNOTE
Liquidity Pool Ratio (50/50) Value — gNOTE / TBILL
Incentivized Liquidity Pool Staking — 50% Static APR
Reward Issuance In: TBILL
Reward Issuance Schedule & Time: Daily (01:00) UTC
LP Compatible W/: TBILL NFT Multipliers (TBILLX)
IL Airdrop: Eligible
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LP Token Contract Addresses
TBILL Token Contract Address: 0x22cb20636c2d853de2b140c2eaddbfd6c3643a39
Token Symbol: TBILL
Decimal: 9
gNOTE Token Contract Address: 0xA3d79C4088aE87EF59254120Fe646560828084c3
Token Symbol: gNOTE
Decimal: 18
Liquidity Pool Token (gNOTE/TBILL) Contract Address:
0x04bcb686a7cdfcf2bdd7997391341c0823139cfb
Token Symbol: UNI-V2
Decimal: 18
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Related FAQ’s
Funding Method to seed the gNOTE/TBILL LP
As the founders of the new LP, Gworld will utilize the method described below to kick start liquidity provision for the gNOTE/TBILL LP .
As many are aware, a common motivation to burn is to decrease the supply of a digital asset/token and therefore increase its value potential. Another important function of burning as it relates to liquidity provision is that founders can opt to burn LP tokens to prove they’re not going to pull the liquidity at a later date.
Burning LP tokens simply & effectively increases the trust threshold because there is no way a person or entity can pull liquidity from an LP they don’t own. The term “rug-pull” is used to describe scams in which the founders of a liquidity pool withdraw the LP tokens, crashing the price to zero as a result of no liquidity.
Burning is a much safer mechanism than “locking” tokens because locked tokens can be unlocked but burned tokens can’t be retrieved.
As this is a Liquidity Pool, permanently burning the LP Tokens would remove the Liquidity from existence. In this case the term “burning” is a metaphor for sending tokens to the burn /null address.
Burn / Null Address we will utilize linked below.
TX # detailing the seed funds for the gNOTE/TBILL liquidity pool sent to the null / burn address linked below.
gNOTE Seeding Provision for New Liquidity Pool — 1,000 gNOTE.
This airdrop is for participants only. With the exception of the gNOTE to fund the initial LP. Those seeding LP Tokens were immediately burnt 🔥.
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FAQ:
gNOTE / TBILL Staking Impermanent Loss (IL) off-set.
If one is currently participating in TFUEL/TBILL LP Staking and subsequently joins gNOTE/TBILL LP Staking the Total Value Locked (TVL) for both LP Staking instances are combined forming the basis for (IL) calculation. IL will continue to hold unit of measure in TFUEL. (more space & detail dedicated to this topic in the upcoming Gworld Governance Token (gNOTE) article relaese).*
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New LP Guide
As soon as gNOTE/TBILL LP Staking launches, a Step by Step guide using MetaMask will be produced and released for reference asap.
For many who are already familiar with TFUEL/TBILL LP Staking its the exact same processes involved which are covered extensively in the guide series linked below.
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DeFi Education /Awareness
Slippage Potential / Early Days of New Liquidity Pools.
There are two primary reasons slippage occurs when trading cryptocurrencies: liquidity and volatility.
Volatility
Slippage occurs in this situation because the price changes so rapidly that the price at which the order executes has changed dramatically from the price at which the order was entered. The trader expects to get the price they enter the order at, but due to wild swings in the price, their order executes at an entirely different price.
Liquidity
The other reason slippage occurs in cryptocurrencies is a lack of liquidity. Some cryptocurrencies are not traded very often due to their lack of popularity or newness compared to other cryptocurrencies. As a result, the spread between the lowest ask and the highest bid is wide, causing dramatic changes in the price suddenly — before an order that has been entered can be executed.
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FYI — Planned for after the completion of the Gworld July 2022 Event dates schedule. A dedicated Gworld Governance Token (gNOTE) article will be released. The timing of recent market conditions contributing & precipitating to the prioritization of specific elements of the current (July) release schedule.
The next prioritized article releases cover the Gworld Governance Token Staking Airdrops for GPooL and TFUEL/TBILL LP staking participants (July 15th). Followed by the IL Airdrop (July 22nd) for TFUEL/TBILL LP staking participants.
The dedicated Gworld Governance Token (gNOTE) article will follow.
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Related Resources for further Reading..
Cheers All,
GWorld 🍾
