Intro
Cross chain investment programs such as staking and liquidity mining can present attractive investment opportunities for many. But in order to participate in such programs users must discover them (1) ,struggle with complicated UI/UX (2) and pay relatively high fees (3) for crossing to other chains by themselves. Due to those obstacles, accessing these opportunities is reserved to DeFi veterans only.
What is the Catalyst Bridge program?
Catalyst Bridge is a program that offers the best way to invest in cross chain products. The main benefits to Catalyst Bridge users are:
(1) Discovery and comparison of vetted cross chain investment programs
(2) The easiest, most intuitive UI/UX for cross chain programs in DeFi
(3) Almost no gas cost
Check out our live Catalyst programs: https://app.keytango.io/tokenrewards
How does it work?
Catalyst Bridge investment programs are ongoing weekly programs. Every program is open to users deposits for 1 week, subsequently another one is opened for the following week. After funds have been collected, they are invested in the respective LP(Liquidity Pool) for 30 days, and then LP token is deposited in a yield farming vault. After the investment period is completed, funds are transferred back for users to withdraw (after gas fee deduction), in accordance with the specifics of the respective program, including the user’s reward. Note that in any LP investment there’s a risk of impermanent loss. Click here to learn more about impermanent loss.
The Catalyst Bridge program vision
The grand vision of Catalyst Bridge is to include a variety of investment products, and different product types. keyTango is set to diversify the programs supply in order to offer users with distinct, lucrative programs that fits their preferences best.
(1) Discovery and awareness
The DeFi space is an ever changing, complicated market that compels investors to be constantly on the lookout for new opportunities. The Catalyst Bridge program delivers vetted, quality investment programs that are not always visible to the common DeFi investor, saving the time & effort related to finding these opportunities and conducting due diligence. Moreover, users will benefit from tailored recommendations based on their past activity on the Catalyst Bridge.
(2) Simple and intuitive UX
The manual, present moment process of participating in cross chain investment programs is notoriously difficult and confusing. Apart from it being time consuming, the technical multi steps nature of the process is prone to lead to “human error” which can result in loss of funds. Catalyst Bridge is a straightforward tool that simplifies the process of taking position greatly.
(3) Gas fees aggregation
One of the biggest pain points in using layer 2 DeFi and reward programs is that it typically costs a few hundred USD in gas just to cross the bridge to the other network. This gas fee is a non-starter for investors that want to take positions that are worth just a few hundreds or thousands USD.
keyTango’s Catalyst Bridge program deploys a smart contract to aggregate funds for each pool, crossing the network bridge with the aggregated funds so that the cost of bridging is only accrued once, then distributing the single fee among all of the pool participants.
Food for thought
The Catalyst Bridge program is a powerful tool for keyTango’s users and one of the main engines that drive our vision: DeFi for all! keyTango is dedicated to continue developing this program because we strongly believe that the unprecedented benefits it provides will have a huge impact on the ever growing DeFi market.
