AllianceBlock and Ocean Protocol Create Second Mutual Liquidity Pool (MLP) Together on POP!
Dear AllianceBlock Community,
We are delighted to announce that we have launched our second Mutual Liquidity Pool (MLP) with our partner Ocean Protocol on the POP! platform.
You can find the MLP on POP here!
After a successful premiere MLP on May 25th, 2021, we have decided that a second MLP with Ocean Protocol would be the right step forward for our communities. If you would like to find out details regarding the first MLP, such as how it works and what the parameters of the MLP were, please see our previous post here.
Details about the MLP
AllianceBlock and Ocean Protocol have decided to reinstate the MLP with the same conditions as the previous MLP. This means, they will lock $50,000 of liquidity each (in their native tokens), thereby creating a $100,000 ALBT/OCEAN Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation through single-sided liquidity provisioning, as well as standard liquidity provisioning (dual-sided). The MLP has a duration of 180 days and has started on the 19th of August 2021, and will conclude on the 14th of February 2022 at approximately 20:00 UTC.
For further details also check the official POP announcement.
How Does This Work?
Together with Ocean Protocol, we have locked our respective liquidity together through POP!’s smart contracts (Fully audited by CertiK), thereby creating this MLP on Uniswap and generating a new trading pair directly between our own ALBT token & the OCEAN token. Once the MLP is live and active on the POP! platform, ALBT & OCEAN token holders will have the opportunity to provide their tokens as single-sided liquidity, and thereby enter the MLP as partnered farmers! While bonus rewards have been committed, they will however only come into effect once Candy Farms have been released. This means that users will be farming POP! tokens in the MLP, and once the Candy Farms go live, POP! holders will be able to stake their POP! tokens and earn sweet bonus rewards! The POP! Team will make an announcement once this goes live, so that you will be ready to farm away until your sweet tooth is content! In order to stay up to date about bonuses, please follow POP! on Medium: https://poptownplatform.medium.com
About the Partnership
With Ocean, we are building a data pipeline on top of where user data such as KYC/AML/KYB will be stored and users will be able to use role-based access control to give access and revoke access to data. This product is a cog in the wheel bridging traditional finance and decentralized finance applications by providing illiquid assets short-term financing to high-net-worth individuals at private banks.
DeFi P2P lending applications and traditional equivalent applications will be connected to the AllianceBlock products and all lenders interested in participating in specific financing will need to do KYC/AML and get validated by the regulatory and compliance tools built by AllianceBlock. Storage and access control to data for lenders will use Ocean Protocol technology, with lenders being able to grant and revoke access to their data.
Through Ocean Protocol, retail banking APIs will be able to connect to DeFi in a way that is compliant with financial regulations such as PSD2, resulting in new, exciting open banking solutions.
For more information regarding our partnership with Ocean Protocol please read their medium articles — AllianceBlock Announcement | Ocean Protocol Announcement
About Ocean Protocol
Ocean Protocol builds powerful Web3 apps for the emerging data economy. Founded in 2017, Ocean Protocol connects data providers and consumers, using blockchain technology
Ocean Protocol technology allows data to be shared, without compromising control or security for the data owner, while ensuring traceability, transparency, and trust for all stakeholders involved. Ocean allows data owners to monetize data while keeping control over their data assets. Ocean Protocol Foundation is based in Singapore.
About POP!
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favorite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
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