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the team at @caviarAMM reached out to me to set up another liquidity option for vip! caviar is a newer "gas-efficient amm protocol." the most popular collections on the platform by volume are @miladymaker and @REMILIONAIRE. more 👇🏻Permalink
♻️ 10 Retweets
❤️ 51 Favorites
Mood +4 🙂
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similar to nftx, you deposit (wrap) vips for erc20 to create lp & earn rewards from the 1% pool trade activity fee. here, yield is autocompounding (save tx gas)! instead of VERY, you get fVIP (fractionalized vip.) you can unwrap 1 fvip into 1 vip or swap fvip for eth on caviarPermalink
♻️ 1 Retweets
❤️ 12 Favorites
Mood +4 🙂
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there’s no single sided inventory staking or direct swap yet but hopefully there will be in the future. again, don't put your favorite vips in the pool if you don't want them traded out and have to choose a different one on redeem. & keep 1+ vip in your wallet for snapshots 😉Permalink
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Mood +4 🙂
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caviar is a growing protocol and it will be interesting to see how it develops as they become more integrated into space with v2 just around the corner. as always, please dyor so that you understand smart contract risk and impermanent loss before deciding to jump into the pool!Permalink
❤️ 8 Favorites
Mood 0
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the docs for caviar can be found here: docs.caviar.sh/ and the vip pool that i've set up is here: caviar.sh/app/swap/sell?collection=0xfed18c828277e3bd8610f9bae432e65a651706f7 thanks @caviarAMM and @0xtamagoyaki for the making interesting things and being excited about vip! (ﾉ◕ヮ◕)ﾉ.:.
❤️ 8 Favorites
Mood +7 🙂