DeFi Yield Farming

Liquid (LIQ): Anti rug mechanisms and innovative exploration come standard

Pinterest LinkedIn Tumblr

LiquiDefi is a crypto project launched to offer a lucrative investment package. With its potential to grow autonomously, it has high yield liquidity mining and farming opportunities. Furthermore, the success of its crypto-economy depends on an underlying digital asset, which acts as a value proposition yardstick. This underlying token is an incentive tool on all platform functionalities.

 However, Liquid promises to increase diversity in its investment portfolio. Therefore, if other appealing investment opportunities, in line with its mission, come up, it will implement them. Yet, maintaining its vision of being a high yield protocol enables users to earn more than what they risk in their investment.

 It achieves this through creating pools that utilize its token, $LIQ, and LPs to generate a variable yield system.

With its motive of dealing with people from different walks of life, every willing individual has an equal chance to participate in wealth generation, breaking away from the tradition of enabling only a few people, who are already wealthy, to enjoy its benefits.

In summary, its overarching mission is to achieve the original vision of Satoshi Nakamoto of a borderless economy with financial fluidity. Its core products, namely FOG and AQUA form the pillar of the protocol.

FOG: Its main product FOG ensures that users get a fair share of its revenue. Significantly, this product allows participants to choose from various options to earn the most from their investment. Individuals primarily invest through staking or yield farming. In return, they earn a variety of rewards, including a liquidity bonus. However, Liquid promises to shed more light on FOG in due time.

AQUA: This is a diversified system with a deflationary and an elastic token supply mechanism, which also acts as a Launchpad for other future programs that will empower its members. Most notably are its engaging functionalities, which hinge on its secure Algo protocol.

Algo Protocol

The Automated Liquidity Generating Operations (Algo) protocol powers both the internal token and all platform functionalities. It performs two major functions, one of which is the burning of the LP tokens. Through it, the generated LPs automatically migrate to an inaccessible address, where no one can move them from. This process increases liquidity and the price floor of the token. Also, since the number of circulating tokens continually decreases, this has a deflationary effect.

As referenced above, the Automated Liquidity Generating Operations (Algo) has a second function. It is the mechanism through which the platform collects a 4% tax, distributable as rewards to users. In the end, it converts part of the tax into ETH and transforms it into the $LIQ/ETH pool. The burning of the $LIQ token means that it is difficult to rug the project.

Token

The native token for Liquid is $LIQ. It is an ERC20 coin that drives the various functions of the Liquid economy, such as yield farming and staking, among others. It is the Proof of Gate protocol which inspired the functions of the $LIQ token.

The essential token statistics include:

  • · Maximum supply of $LIQ: 10 000
  • · Tax rate: 4%, but adjustable
  • · Automated Permanent Liquidity Generation

Conclusion

Liquid had a humble origin with no presale or giant VC backing. However, the community of crypto enthusiasts funded and backs it, resulting in team spirit and a never-die entrepreneurial environment. This is in line with its claim that, “the platform is for the people and by the people.”

Community

Definitely, Liquid is a people driven project, resulting in team work and innovation. Therefore, to cement this community-platform partnership, Liquid constantly gives its participants through the following social platforms.

chainlink
Chainlink (LINK) $ 21.37
yearn-finance
yearn.finance (YFI) $ 31,347.00
ethlend
Aave [OLD] (LEND) $ 1.89
uniswap
Uniswap (UNI) $ 8.48
havven
Synthetix Network Token (SNX) $ 14.06
uma
UMA (UMA) $ 12.40
compound-governance-token
Compound (COMP) $ 201.26
maker
Maker (MKR) $ 1,316.97
wrapped-nxm
Wrapped NXM (WNXM) $ 44.11
0x
0x (ZRX) $ 0.506444
loopring
Loopring (LRC) $ 0.411954
republic-protocol
REN (REN) $ 0.666911
kyber-network
Kyber Network (KNC) $ 1.39
numeraire
Numeraire (NMR) $ 27.21
band-protocol
Band Protocol (BAND) $ 8.81
terra-luna
Terra (LUNA) $ 0.852862
yfii-finance
DFI.money (YFII) $ 1,791.26
sushi
Sushi (SUSHI) $ 6.56
balancer
Balancer (BAL) $ 19.95
thorchain
THORChain (RUNE) $ 2.13
reserve-rights-token
Reserve Rights Token (RSR) $ 0.039249
ampleforth
Ampleforth (AMPL) $ 0.944366
nest
Nest Protocol (NEST) $ 0.029587
serum
Serum (SRM) $ 1.68
keep-network
Keep Network (KEEP) $ 0.285924
augur
Augur (REP) $ 18.91
curve-dao-token
Curve DAO Token (CRV) $ 1.91
kava
Kava.io (KAVA) $ 2.04
bancor
Bancor Network Token (BNT) $ 1.67
just
JUST (JST) $ 0.026773
gnosis
Gnosis (GNO) $ 107.21
force-protocol
ForTube (FOR) $ 0.016390
cream-2
Cream (CREAM) $ 159.10
melon
Melon (MLN) $ 44.12
tellor
Tellor (TRB) $ 26.10
akropolis
Akropolis (AKRO) $ 0.014725
aurora-dao
IDEX (IDEX) $ 0.035210
nectar-token
Nectar (NEC) $ 0.108195
bzx-protocol
bZx Protocol (BZRX) $ 0.270754
airswap
AirSwap (AST) $ 0.112810
switcheo
Switcheo (SWTH) $ 0.022973
orion-protocol
Orion Protocol (ORN) $ 2.71
dforce-token
dForce Token (DF) $ 0.142938
meta
Meta (MTA) $ 2.33
pnetwork
pNetwork (PNT) $ 0.431192