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Leech Protocol partners with THENA

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

2nd security audit and Early Birds Galxe Campaign for 🔥 APRs!

early birds campaign

Home | News & Insights 2nd security audit and Early Birds Galxe Campaign to access 🔥 APRs! Leech Protocol Early Birds Campaign Calling for all degens and DeFi enthusiasts! Leech Protocol is excited to share details about new security audit, highly-incentivized pools, and a new Galxe campaign to become whitelisted! TL;DR: Leech Protocol is an app that provides a user-friendly solution for simplifying the yield farming process across all major blockchains and platforms. We automate user routines, automatically performing tasks such as swapping, bridging, depositing, and compounding when using our Mixed Pools! Second Security Audit Safety and security are paramount in the world of DeFi, and we’re committed to delivering a trustworthy platform. We’re proud to reveal that Leech Protocol has successfully completed its second comprehensive security audit. We scored 10 out of 10 points from Hacken auditor – which is a great result! You can learn more details here! Private Yield Farming Strategies While the concept of yield farming is familiar, Leech Protocol is taking it to a new level. Our team has been hard at work testing and refining private yield farming strategies that are exclusively available for our Leech Club members. This means that by being part of the Leech Club, you gain access to unique yield farming opportunities that are designed to maximize your returns. Profit Sharing and Algorithm Expansion In line with our commitment to community engagement, we’ve decided to allocate a portion of our profits to incentivize our public pools. As we introduce new platforms to our yield farming algorithms, this incentive mechanism will encourage liquidity provision at this intermediate step! Increasing Maximum Wallet Allocation We’re pleased to announce that the maximum per-wallet allocation has been increased to $3000 for all whitelisted users. New users will have a chance to join via Galxe campaign below! Introducing the Early Bird Galxe Campaign To allow new users to join our community, we’ve launched the Early Birds Galxe campaign. This exciting initiative offers the chance to win and claim exclusive OAT tokens and experience APR rates ranging from 90% to 120% on the app. These exceptional rates will be paid out after 30 days of the upcoming hyper-incentivization epoch. To join app.leechprotocol.com as a whitelisted user – you need to complete all steps on Galxe, claim OAT, and wait for Email-notification, that you are whitelisted to join the platform and you can provide liquidity! As we look ahead, Leech Protocol is dedicated to pushing the boundaries of DeFi innovation. With security as our foundation and community empowerment as our driving force, we’re excited to shape the future of decentralized finance, one milestone at a time. Stay connected with us on Twitter for the latest updates, and join our Telegram chat in case you have a question! Disclaimer All cryptocurrency transactions, and especially those in the yield farming, including the Leech Protocol app and its announced Early Bird Galxe Campaign, involve multiple risks, including always the risk of losing all or part of funds used. You ****understand and agree that you use the Leech Protocol app at your own risk. You should therefore carefully consider whether it is suitable for you in light of your circumstances, experience and financial resources. You should be aware that you may sustain a total loss of your deposit while using our platform. You understand and assume this risk in full. IN ANY CASE, WE DO NOT BEAR ANY LIABILITY FOR ANY OF YOUR ACTIONS OR INACTIONS, ERRORS, OMISSIONS OR MISTAKES, OR FOR ANY OTHER CIRCUMSTANCES OCCURRED IN THE PERIOD OF YOUR USAGE THAT LED TO THE FULL OR PARTIAL LOSS OF YOUR DEPOSIT. Share: Twitter Facebook Telegram

Leech Protocol Launch, Stage 2

Home | News & Insights Leech Protocol Launch, Stage 2: Testing Leech Protocol’s Multi-chain Farming App (Beta)! 2nd Launch Stage — Leech Protocol Leech Protocol is an app that provides a user-friendly solution for simplifying the yield farming process across all major blockchains and platforms, enabling users to efficiently earn yield on crypto in just a few clicks. The second stage of our product launch is imminent, with a maximum of $100K TVL, where each whitelisted wallet is able to deposit $20–500. The best part? Users that provide liquidity may be eligible for rewards from our team! Find the details below, and join the #easyDeFi movement! The Current State Of Leech Protocol’s Product Development First, and most important, we are happy to announce that our team of talented programmers and blockchain enthusiasts have successfully deployed the Beta Version of our multi-chain farming app, which we will be testing during the 2nd stage of our launch, with the help of our fantastic community! This is the first step of creating a platform designed to redefine how cryptocurrency farming operates. The app is integrated with five major chains: Binance Smart Chain (BSC), Avalanche, Polygon, Optimism, and Arbitrum. This multi-chain approach extends Leech Protocol’s compatibility and offers users an array of platforms on which they can execute our proprietary farming strategies. How Leech Protocol Is Different Leech Protocol has taken substantial strides to automate user routines, automatically performing tasks such as swapping, bridging, depositing, and compounding. This degree of automation is unique in the industry, liberating users from menial processes, allowing them to focus more on strategic decision-making instead of operational tasks. The second prominent feature (which has already been built), is a hedging strategy that can provide substantially higher-than-market APRs, and this strategy is available for testing by our inner circle of power users! If you think you want to become one — reach out! Our Hedging Strategy The main advantage of our strategy is that it provides an instrument that protects and stabilizes returns from an asset chosen by the user, while reducing the chance of that asset losing value due to impermanent loss and other market mechanics. How will it work? A user will choose a main asset, such as ETH, USDC, BTC, etc., and deposit it as their liquidity. Our system will swap some of the liquidity, bridge it (if needed), and distribute it into a defined pool list. For instance, if a user picks ETH as their main asset, the system will provide liquidity to different pools such as ETH/GEAR, ETH/MATIC, ETH/wUSDR, etc. At the same time, the system will keep track of changes in asset prices, APR, liquidity, etc. If the system identifies a specific situation which could negatively affect the profitability or portfolio value, it will rebalance the user’s provided liquidity and open a short position to hedge against asset volatility. This helps protect the main asset (such as ETH) from impermanent loss or price decreases. The result is that the returns come in the main asset, creating a steady income stream in all market conditions. We have proved the efficiency of this hedging strategy with backtests and on-chain tests, which have looked at the strategy’s behavior on historical data and how well the rebalancing module has performed in live pools on the Polygon network. Here you can see a backtest from Aug 1, 2022 to Jan 6, 2023, using the USDC/OP pool on Velodrome. We started with $100,000 and compounded daily. The average APR during this time was 50.49%, according to Beefy historical data. As you can see, using our hedging strategy resulted in a 19.06% portfolio value increase (48.06% annualized), vs a .66% increase (1.58% annualized) by providing liquidity to the pool, and a 17.6% decrease by holding 50% USDC and 50% OP. The strategy rebalanced 50 times, costing $1,010 and resulting in a net gain of just over $18K, or 18% for stablecoins, in just over 5 months. Here you can see a backtest from Apr 13, 2021 to Feb 13, 2023, using the USDC/ETH pool. We started with $100,000 and compounded daily (we continue with more in-depth testing). The Future of Leech Protocol So, what does the future of Leech Protocol hold in both the short and long term? In the immediate future, the Leech Protocol team intends to integrate over 100 different pools. The primary goal of this expansion is to provide users with a plethora of opportunities to increase their earnings, and this broad spectrum of earning avenues will not only allow users to capitalize on different market dynamics, but will also offer unprecedented versatility in yield farming strategies. In the long run, Leech Protocol aims to: Stage Two Short Term Plans During the second stage of launch, ambassador program participants and users registered on our Waitlist will have access to the Leech Protocol App beta. At this stage, each wallet will be able to deposit $20–500. The max TVL at this stage is limited to $100K. If you do not see the option to deposit during the second stage of launch (for example, if the maximum TVL of $100K is reached) you will need to wait until someone removes their liquidity, creating space for you to deposit your own liquidity. Any whitelisted wallet that deposits liquidity into the protocol during the second stage of launch will have a chance to receive a reward. The size of the reward will depend on the amount of liquidity and the length of time it is deposited for. The larger the amount and the longer the deposit period, the higher the reward may be. More details will be announced soon. If you can’t provide liquidity during the second stage of the launch, wait for the announcement of the third stage, which will have a higher TVL limit, along with another reward opportunity. Is my wallet waitlisted? How to check it? At the end of the second stage of the launch, you will be eligible to claim NFTs in another Galxe campaign (TBA). All neccessary instructions will be published.