Dear AllianceBlock Community,
Today we are excited to share that we are launching our next Mutual Liquidity Pool (MLP), together with our partner Ocean Protocol on the POP! Platform!
After announcing our first pool on the Pop! platform with Bridge Mutual two weeks ago, we are continuing our path towards building stronger ties with our partners and their respective communities. Ocean Protocol already joined the AllianceBlock Liquidity Mining Partnership Program in January 2021 which resulted in a well received liqudity pool by both commmunties. With the new Mutual Liquidity Pool (MLP) on POP!, we allow users to also benefit from Single Sided Staking.
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 Ocean Protocol, 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/Ocean 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 85 days, starting from the 25th of May 2021 at approximately 13:00 CEST (11:00 UTC), and concluding on the 18th of August 2021 at approximately 13:00 CEST (11:00 UTC).
So how does this work?
Together with Ocean Protocol, 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 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! 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 Ocean Protocol 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 Ocean Protocol
To build the first globally compliant decentralized capital market, AllianceBlock has announced a strategic partnership with Ocean Protocol, the leading developer of powerful Web3 apps for the emerging data economy, in November 2020.
AllianceBlock has been building a data pipeline on top of Ocean 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 part of AllianceBlock’s use case to bridge traditional finance and decentralized finance applications by providing illiquid assets short term financing to high-net worth individuals at private banks. The MVP of the Data Tunnel has already been launched and can be found here: https://allianceblock.io/datatunnel/
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.
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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.
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