SSLP Update: New ALBT/WETH and ALBT/USDT pools on our DeFi Terminal!
During our December series of products announcements, we took time to update our community on our upcoming Single-Sided Liquidity Provisioning (SSLP) Protocol. This first-of-its-kind protocol will open new ways for users to add liquidity to their favorite platforms while increasing the utility of ALBT. The layer will be chain-agnostic and enable DEX users to provide liquidity with a single asset, instead of two or more as is the current industry standard.
Today, we’re excited to announce a key milestone in our development rollout. We’re relaunching our ALBT/WETH and ALBT/USDT pools on our DeFi Terminal LMaaS platform. We have migrated the address for liquidity mining, which is a key step in preparation for the launch of the long-awaited Single-Sided Liquidity Provisioning (SSLP) Protocol on Uniswap. With this, we are now building the foundation for the future integration of the new protocol.
Below you can find key pool information:
- Both campaigns will run for three months
- 1.8M ALBT total rewards per pool (600k per month per pool)
- No max cap per wallet
You can access the new campaigns here. To participate, users from the old campaigns only need to unstake their LP tokens and stake them again in the new ones.
A quick how-to:
- Make sure you connect with the wallet you used to stake your LP in one of the old campaigns and go to the expired Liquidity Mining campaigns page.
- Click the ‘Claim & Withdraw’ button as shown below:
- A dialog pop-ups where you need to click the ‘Claim & Withdraw’ button again:
- Follow the steps in MetaMask and wait for the transaction to complete
- Do not click the ‘Remove Liquidity’ button if you’d still like to participate in the relaunched Liquidity Mining campaigns, instead, go to the active Liquidity Mining campaigns page.
- You can then look for the campaign you have previously participated in. The campaign will recognize that your wallet has the LP tokens and you will find the ‘Stake’ button available, which you can proceed to click:
- You can now follow the steps in the dialog to approve the LP tokens, after which you can select the amount of LP tokens you want to stake, followed by clicking the ‘Stake LP Tokens’ button.
- Follow the steps in MetaMask and wait for the transaction to be completed.
That’s it! You have now participated in the new campaigns.
Thank you for your #NoMercy support and make sure to tune in on our special AMA featuring our Product Owners to get the latest on our products and their development.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized and traditional finance by remedying issues in both spheres and closely linking them. 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.
We are 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 worldwide with the tools they need to access the DeFi space seamlessly.
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