Introducing FLYPE protocol, a groundbreaking DEX for swapping and trading LP tokens
News provided by PRCrypto
Flype protocol transforms a time-consuming, multi-step process into an effortless single swap that we call "Flypping". it turns LP tokens into tradable assets, thus creating an entirely new liquid market.
Flyppers can seamlessly switch positions between different liquidity pools and protocols in a single transaction. They can also Flype-in to create new positions or Flype-out of existing ones.
Instead of lengthy withdrawal procedures with multiple token exchange pairs, Flype enables direct trading of LP tokens by relying on its unique market maker mechanism — IMM.
IMM stands for Flype's Interoperable Market Maker mechanism, which computes the value of the LP tokens based on their underlying asset's Oracle price and pool reserves. This unique mechanism significantly reduces divergence loss for liquidity providers as compared to common AMMs.
The Liquidity Market
DeFi protocols and liquidity pools have evolved into an enormous ecosystem with more than 500 protocols and over 10,000 pools, creating new lucrative investment opportunities.
All the while, changing tokens' position between pools and protocols has been an expensive and time-consuming multi-step process, creating a high entry barrier for new traders and liquidity providers to navigate the market.
Flyppers can seamlessly switch positions between different liquidity pools and protocols in a single transaction. They can also Flype-in to create new positions or Flype-out of existing ones.
Instead of lengthy withdrawal procedures with multiple token exchange pairs, Flype enables direct trading of LP tokens by relying on its unique market maker mechanism — IMM.
IMM stands for Flype's Interoperable Market Maker mechanism, which computes the value of the LP tokens based on their underlying asset's Oracle price and pool reserves. This unique mechanism significantly reduces divergence loss for liquidity providers as compared to common AMMs.
The Liquidity Market
DeFi protocols and liquidity pools have evolved into an enormous ecosystem with more than 500 protocols and over 10,000 pools, creating new lucrative investment opportunities.
All the while, changing tokens' position between pools and protocols has been an expensive and time-consuming multi-step process, creating a high entry barrier for new traders and liquidity providers to navigate the market.