AllianceBlock Launches New Liquidity Mining Product, Breaking Down Barriers To Entry In DeFi
AllianceBlock’s Liquidity Mining solution provides DeFi projects with the means to create & run their own customized liquidity mining, staking & analytics platforms
Netherlands — 27 May 2021 — AllianceBlock, the first globally compliant decentralized capital market, has today announced the launch of its Liquidity Mining as a Service (LMaaS) product, breaking down barriers to entry for new DeFi projects and increasing the flow of capital across the sector.
Targeting industry newcomers, AllianceBlock’s LMaaS solution provides emerging projects with the means to create their own customized liquidity mining platforms. Projects can deploy pools, launch liquidity mining and staking campaigns, and gain access to powerful analytics tools that will allow them to track key performance indicators. Similarly, users will enjoy access to a one-stop platform where they can participate in various liquidity mining and staking campaigns, as well as track and manage their assets.
In order to unlock the features of the LMaaS projects will need to create a liquidity pool with both their own native token and AllianceBlock’s ALBT token.
The first defi project to leverage AllianceBlock’s LMaaS will be DAFI Protocol. DAFI enables super staking where users are rewarded based on network adoption, creating smarter forms of PoS, liquidity & social rewards. More information following soon.
According to Matthijs de Vries, CTO and Co-founder of AllianceBlock, the current DeFi landscape requires robust tools that enable projects to hit the ground running. He explains, “The main problem with liquidity mining today stems from the lack of effective industry tools that can facilitate a project’s entry to market. While many projects have, and are continuing to build their own liquidity mining programs, this presents a steep entry barrier both in terms of investment and development resources, while users are left with a highly fragmented experience that requires them to balance multiple positions across different projects.”
“This introduces potential security issues and limits the accessibility of the space as a whole. LMaaS will combat this through its integrated service, which will also help users improve the liquidity of their tokens and allow them to easily manage existing positions and open new ones,” he added.
Started as an internal program in 2020, AllianceBlock set out to build a proprietary liquidity mining product that would help increase liquidity, total value locked (TVL), and users. Proving its success, recent data shows that AllianceBlock now has $50 million of TVL in staking and liquidity mining value. The product is currently supported on Ethereum and Binance Smart Chain, with exciting and future partnerships expected to expand its use.
Commenting on the announcement, Rachid Ajaja, CEO and Co-founder of AllianceBlock, said, “LMaaS is the first step in the creation of the AllianceBlock DeFi Terminal, which will act as the Bloomberg of DeFi, hosting a suite of features that help users optimize their asset allocation, manage assets, risks and much more. One of the things that makes us excited about the future of the LMaaS offering is the fact that we already know it works. We are our first customer and we’ve been using the product for our own staking and liquidity mining program. With significant TVL, more than 25% of $ALBT circulating supply locked, eight successfully deployed pools, and three supported DEX platforms, we can confidently say that our offering is tried and tested. By helping projects build their own platforms, while showcasing the advantages of DeFi, we hope to elevate the sector and work to bridge it with traditional finance.”
AllianceBlock’s LMaaS platform will be live with DAFI Protocol from Monday, 31st May at 6pm CEST. For more, visit https://defiterm.io
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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