👾What Are The Risks of Liquidity Pools?
While the liquidity pool model deployed by DEXes protects you from traditional counterparty and custodial risk, funds are still deposited to a pool that is effectively a temporary custodian of those funds, albeit a contract rather than an entity. If that smart contract is subject to bugs, failure, hacks, or exploits, funds can still be lost. Care must also be taken to avoid platforms with an admin key or other privileged access that can leave users vulnerable to rug pulls and exit scams. This risk is common across all decentralized platforms, of course, and not just limited to liquidity pools.
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☘️Liquidity Pooling: The Core Of Decentralized Finance
Decentralized finance is continuing to disrupt both centralized cryptocurrency exchanges and legacy markets, with the defi sector accounting for a market capitalization of over $60 billion and daily volumes now exceeding $15 billion.
Popular defi platforms like Uniswap and SushiSwap have been a strong driver behind this growth, developing increasingly competitive decentralized exchanges (DEXes) as an alternative to the traditional order book model; made possible through liquidity pooling. Terminology in the defi space can seem baffling at the best of times but this is more straightforward in reality. So what exactly is liquidity pooling, and why is it useful?
🐳What Is Liquidity Pooling?
Liquidity…
We pleased to announce the partnership EXCAVO with Prasaga.
📈 EXCAVO is always on the lookout for the projects that provide additional value for traders.
🤝This partnership goal is to provide our traders with exposure to a next generation Layer 1 Blockchain Protocol, DataGrid Blockchain.
Prasaga introduces a decentralized scaling protocol — their DeFi offering is to fund testnet and mainnet of the DataGrid Blockchain and native token.
Prasaga 📱Social Media
Telegram chat: https://t.me/prasagaofficial
Telegram channel: https://t.me/PrasagaOfficial_ANN
Follow us on: https://twitter.com/prasagaofficial
Join our Discord discussion at: https://discord.gg/97B6kdP2tD
Technical WhitePaper: https://www.prasaga.com/wp-content/uploads/2021/01/DataGrid-Blockchain-Technical-WP.pdf
A Defi Automated Market Maker, Built by Traders for Traders 💣
EXCAVO brings together a team of independent financial analysts, traders, asset managers, economists, and IT developers, led by CEO Eugene Loza, a TradingView top trader and advisor to various blockchain projects with a following of over 100,000 members of the trading community.
After five years of research and development, EXCAVO has built a decentralized exchange (DEX) solution to the antithetical centralized exchanges (CEXs) so dominant in the crypto space, without requiring intermediaries or custodians to facilitate trading.
Initial DEX solutions struggled to compete with their centralized counterparts for fast settlement times, large trading volumes, and liquidity. That has changed, and…
Step 1. 🎛 Go to the EXCAVO.Finance or Uniswap website.
Click on “Pools” section, choose the CAVO/ETH pair and select “Add Liquidity”
Step 2. 🧰 Select CAVO token in the dropdown menu below and choose the amount of ETH you are willing to provide. Click “Supply” and confirm your selection.
🏆 Since the process of purchasing CAVO is exactly the same on both platforms, we will use EXCAVO.Finance as an example
- Go to the EXCAVO.Finance 👉🏻 https://excavo.finance/#/swap
or app Uniswap 👉🏻 https://app.uniswap.org/#/swap
2.Connect your MetaMask wallet. You may use the following guide👉🏻 (Link)
🛫 Step 1. Go to the Excavo.finance website. Click “Connect to a wallet” in the top right corner and select “Install MetaMask”, this will transfer you to the MetaMask website.
✌🏻Step 2. Click “Download now” to access the download section. There you may select “Install MetaMask for Chrome”. You will be transferred to the MetaMask’s extension in Chrome Web Store.
🌀EXCAVO collaborates with Hacken for Security Audit 🔒
🧩EXCAVO selects Hacken, the global blockchain and cybersecurity leading company, in order to conduct the security audit of our project.
🙌🏻The EXCAVO community has more than 100,000 members. Our reputation has been built with great work over several years, thereafter we really appreciate it. We are very sensitive to the security issues of our project. Each community member has to feel safe in our ecosystem. That’s why, we decided to conduct a security audit before the official launch of the project.🚀
🎢 EXCAVO has been in the blockchain and crypto trading industry…
🔥 We pleased to announce the partnership EXCAVO with Hedget.
📈 EXCAVO is always on the lookout for the projects that provide additional value for traders.
🤝This partnership goal is to provide our traders with more tools in the actively developing market for decentralized finance.
Hedget introduces decentralized options — you pay the smallest possible premium to secure your positions against unexpected price movements.
🚀Very Soon excavo.finance launch
📱Social media
Telegram channel: https://t.me/excavochannel
Telegram chat: https://t.me/excavo_chat
Don’t miss an update by following us at https://twitter.com/excavo
Check out our Github https://github.com/excavo/excavo-documentation
Official Tradingview page https://www.tradingview.com/u/EXCAVO/
Join our Discord discussion at https://discord.gg/T3D59K
EXCAVO protocol is the Automated Market Maker (AMM) Based on a constant product formula for inventory management specially built for professional traders.
CAVO is a governance token in EXCAVO Protocol. CAVO key features are:
🛸Innovative Emission Model
Max supply of CAVO tokens equals 1 000 000 CAVO
Tokens are issued within 36 months in the following procedure:
First month — x tokens, 2d-2x, 3d-3x, … 36–36x.
During the first month since the start of smart contract, we will issue 1501,1 tokens in Ethereum on average approximately 195 000 blocks are mined per month. …
EXCAVO
EXACVO is a company of independent financial analysts, traders, IT — developers. TOP-1 Trader by Tradingview.com Our DeFi project EXCAVO.FINANCE — AMM
