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Leech Protocol partners with THENA

28/09/2023

Home | News & Insights Leech Protocol partners with THENA Leech Protocol and THENA have announced a partnership to provide users with an unparalleled, secure, and automated yield farming experience. This exciting collaboration combines Leech Protocol’s advanced yield farming automation with THENA’s position as the largest ve(3,3) DEX on the BNBChain, promising users access to THENA’s pools without the hassle of manually moving liquidity themselves! Automated Yield Farming with Audited Smart Contracts Leech Protocol is at the forefront of automating yield farming routines. The platform navigates users to the complex world of yield farming by identifying pools with high Annual Percentage Rates (APRs), transferring liquidity across different chains to maximize yields, and performing swaps and bridges when necessary. Crucially, all operations are executed via smart contracts that have been audited by HACKEN, a leading cybersecurity company. Empowering Users with THENA’s Robust Infrastructure THENA has emerged as a powerhouse in the decentralized exchange realm, boasting the status of being the largest ve(3,3) DEX on the BNBChain. After extensive research and evaluation, Leech Protocol has chosen to integrate its cutting-edge algorithms with THENA’s pool ecosystem. This strategic decision empowers users by automating their liquidity provision across multiple THENA pools, offering them a continuous stream of yields. A Seamless Five-Step Process The process of using Leech Protocol’s automated yield farming system through THENA is straightforward and user-friendly: 1️⃣ Liquidity Provision: Users provide liquidity via the app.leechprotocol.com interface. 2️⃣ Algorithmic Optimization: Leech Protocol’s sophisticated algorithms analyze the THENA pool landscape, identifying pools with the most favorable APRs based on the user’s chosen risk level. 3️⃣ Effortless Liquidity Placement: The user’s liquidity is seamlessly directed to the identified THENA pools. 4️⃣ Continuous Yield Generation: Users enjoy a steady stream of yields generated from their automated liquidity provision. 5️⃣ Adaptive Optimization: If the APR of a chosen pool decreases, the system reinitiates the optimization process to ensure users consistently earn optimal yields. Beta App and GALXE Whitelisting Campaign To ensure a seamless user experience and gather valuable feedback, Leech Protocol is offering access to its hyper-incentivized pools exclusively to whitelisted users through a Beta app. Interested individuals can apply for the whitelist by participating in the GALXE campaign. Share: Twitter Facebook Telegram

Consensus 2023 and Leech Protocol’s Side Event

21/10/2023

Home | News & Insights Consensus 2023 and Leech Protocol’s Yield Farming Workshop Side Event Recap Leech Protocol’s team attended the Consensus Conference from the 26th to the 29th of April, where we networked with industry experts. On the 26th of April, the team also hosted a highly successful Yield Farming Workshop side event, bringing together yield farmers and partners to discuss important farming and liquidity mining topics. During the event, attendees had the opportunity to engage in a public speech about farming and participate in a Q&A session with our DeFi analysts and Product Advisors. The panel discussion that followed offered valuable insights into how to find real yield in DeFi, choose the right projects, and manage risks. Our team also showcased our unique farming approach, highlighting innovative features in the development that will offer farmers a more secure and profitable way to farm. The event concluded with networking and beer, providing an excellent opportunity for attendees to connect with other farmers and partners in the DeFi space. Overall, the event was a great success, offering attendees valuable insights and strategies to navigate the current crypto winter. What should you do next? Share Twitter Facebook Telegram

The history of farming and major problem

21/10/2023

Home | News & Insights The history of farming and major problem The Journey of Farming was started in the summer of 2020 from a few DeFi projects, like Synthetix, Compound, Yearn Finance… But all this started early before. All major players like Yarn Finance, YAM, and SushiSwap were launched during the DeFi Summer. The history of farming and major Problem To learn more about the history of farming and DeFI, please check this video. The problems of farming “liquidity mining” By creating farming incentivization or “liquidity mining programs” protocols printing their GOV tokens, and giving them as a reward to liquidity providers. As a result, we see more and more new GOV tokens on the market, significantly lowering the price. As an essential part of Farming, liquidity mining is an Inflationary mechanic in the protocol tokenomics. Healthy tokenomics Healthy tokenomics should have deflationary and Inflationary mechanics. By using both of them, the protocol can have a part of control over their GOV token price. In tokenomics, deflationary and inflationary mechanics refer to managing a token supply. Deflationary mechanics are designed to reduce the supply of a token over time. This can be achieved through various means, such as burning tokens (permanently removing them from circulation) or using a portion of transaction fees to buy back and retire tokens. Deflationary mechanics are intended to increase the value of a token by making it more scarce. Inflationary mechanics, on the other hand, are designed to increase the supply of a cryptocurrency over time. This can be achieved through various means, such as issuing new tokens (Farming) or using a portion of transaction fees to fund the development of the cryptocurrency. Inflationary mechanics are intended to increase the liquidity of a cryptocurrency and make it more widely available. Deflationary and inflationary mechanics can have a significant impact on the value of a token. Deflationary mechanics can increase the value of a cryptocurrency by making it more scarce, while inflationary mechanics can decrease the value of a cryptocurrency by increasing the supply. It is essential to carefully consider the implications of these mechanics before investing in a GOV token. What should you do next? Share: Twitter Facebook Telegram