Articles about #easydefi

Leech Protocol’s Q3 2023 RECAP

28/09/2023

Home | News & Insights Leech Protocol’s Q3 2023 RECAP Hey, Leechers! It’s been a wild ride so far! A couple of days before the end of Q3 we are ready to share all the important achievements we’ve completed! Product updates Marketing & Community Updates New partners and protocols onboard! What do we plan to accomplish shortly? As we build an #easyDeFi product – so priority #1 is our Mixed Pools. We will add more pools and protocols to our automated farming algorithms! The process is quite simple: 1️⃣ A user provides liquidity via App 2️⃣ Algorithm search for best APRs 3️⃣ Liquidity goes to connected pools, according to the chosen RISK Level 4️⃣ The user enjoys non-stop yields 5️⃣ If APR goes down – repeat 2️⃣ 6️⃣ Withdraw is available at any moment! The next big thing we have been working on to show it on-chain – is our hedging strategy. Let’s review the historical backtests and describe the strategy’s algorithm below. 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’s historical data. Use of our hedging strategy resulted in a 19.06% portfolio value increase (48.06% annualized), vs. a 0.66% 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%, in just over 5 months. Hedging strategy algorithm: 1 – the user provides his liquidity via our app 2 – smart contract starts managing the liquidity into We automatically close the short position if the price goes up and rebalance it. We are cooking the UNI v3 strategy for the Leech Club members only! Uniswap v3 (CLMM) strategy allows you to hedge the impermanent loss and rebalance the position on any protocol that supports Concentrated Liquidity so that it always remains active. The strategy works on all EVM blockchains where Concentrated Liquidity Protocols are present. Moreover, the strategy works with narrow ranges, that allow generation of high returns on the underlying assets. Backtests showed a 70%+ return on the USDC/ETH pair on the Arbitrum chain and more than 150%+ on medium and low-liquidity assets. Onchain results are really promising and we’ll be sharing more details with interested parties. Mid-term plans GLP neutral strategy GLP-based strategies have a lot of potential despite the current market conditions. This strategy is also highly capital-intensive, and GLP’s utility ecosystem is constantly expanding. We forecast upcoming market conditions when this strategy will be able to accommodate a large TVL with probable returns of ~30% APR (as was previously during the volatile market). Lido Leverage Yield Farming Strategy This strategy utilizes DeFi’s fundamental products and contains the underlying yield of the Ethereum network. It safely exploits the inefficiency between the underlying stake rate and the credit market rate. What should you do next? Share: Twitter Facebook Telegram

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

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

28/09/2023

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