Dear AllianceBlock Community,
Today we are excited to share that we are launching our very own Mutual Liquidity Pool (MLP), together with our partner Bridge Mutual on the POP! Platform!
In continuation of our pursuit to build stronger ties with our partners and their communities we’ve agreed to take the initiative of creating an MLP on POP! For those who are unaware, POP! provides projects with a one-of-a-kind approach on how to objectively display our devotion to our partnership, while providing benefits for our communities. Given this, we believe that this is a step in the right direction in order to solidify an already strong partnership with Bridge Mutual, while simultaneously providing our communities with a unique opportunity to reap the rewards of our partnership!
For the creation of our MLP, $100,000 of liquidity in each token will be locked, in order to create the MLP. In other words, we have created a $200,000 ALBT/BMI Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation, through Single Sided Staking. Finally, we agreed to run the MLP for a duration of 90 days, starting from the 15th of May 2021 at approximately 19:30 UTC, and concluding on the 13th of August 2021 at approximately 19:30 UTC. For more information about bonus tokens provided read POP!’s announcement:
So how does this work?
Together with Bridge Mutual, we will be locking 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 BMI token. Once the MLP is live and active on the POP! platform, ALBT & BMI token holders will have the opportunity to provide their tokens as single-sided liquidity, and thereby enter the MLP as partnered farmers! Similarly to our AllianceBlock Liqudity Mining Partnership Program, where our community was entitled to rewards from both partners, the MLP will provide triple rewards from AllianceBlock, our partner BMI in addition to the POP utility token. In addition, should you experience Impermanent Loss (IL), through POP!’s unique Rebalancing Mechanism, a portion will be mitigated. If you’d like to get a better understanding of the intricacies behind POP!, please have a look at their detailed Gitbook here.
For more information on the specifics regarding the MLP, please check out POP!’s announcement about our MLP, which you can find here.
Our Partnership with Bridge Mutual
Through the partnership announced in February 2021, Bridge Mutual and AllianceBlock will provide traditional investors with a compliant bridge to DeFi protected by decentralized coverage.
AllianceBlock will integrate Bridge Mutual into its P2P lending, investment and NFT platform, allowing Bridge Mutual to provide coverage to lenders and investors. Bridge Mutual will also work to monetize its platform through the AllianceBlock Data Tunnel. Additionally, Bridge Mutual will join AllianceBlock’s pioneering multi-pair liquidity mining platform to offer BMI token holders instant liquidity via staking for a range of pairs.
For more information regarding our partnership, please read our article here.
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 favourite 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 Bridge Mutual
Bridge Mutual (BMI) is a decentralized, p2p/p2b discretionary risk coverage platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide coverage, decide on policy payouts, as well as share profit and get compensated for adjudicating claims. Bridge Mutual’s token, $BMI, witnessed an explosive TGE on January 30, 2021 and aims to take and hold the throne of risk coverage platforms on the market.
Learn more about Bridge Mutual at:
Website | Telegram | Medium | Twitter | CoinGecko | Token Economics
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
Website | Telegram | Discord | CoinGecko | White Paper | Green Paper | Token Economics Paper
