Multiple Protocol Weekly Report
This issue covers the week of August 22— August 26
Dear Multiple Users,
We are excited about what holds the future of DeFi with Multiple as suite of Tools of Liquidity Providers. As we grow there will be more partnerships, collaborations, amazing Utility and Liquidity for users in whole of DeFi space.
Multiple Protocol is all decked up to bring lots of action in the coming months! Our community can definitely look forward to what we have in store for them as we continue to storm towards our ultimate goal — to become the Next Generation DeFi Protocol!
So, without further ado, let’s delve deep into this weekly report.Social Updates
🗞 Blue Chip NFTs struggling with record low for 2022!
🗞 BITCOIN to test important support at $26k to signal bullish momentum, for August
🗞 Ethereum key level lies at $2200 for August2022
NFTs are future & a special use case in DeFi awaits for NFTs. Until now #NFTs were used for Staking, PFP, flipping for profits. However this is not enough for large scale adoption of #dApps
Mass adoption is yet to come as NFTs serve as a token for #DeFi adoption with Multiple Protocol.
🕵️♂️ What is AMM and Concentrated Liquidity? 🕵️♂️
Automated market makers (AMMs) are part of the decentralized finance (DeFi) ecosystem.
They allow digital assets to be traded in a permissionless and automatic way by using liquidity pools rather than a traditional market of buyers and sellers.
AMM users supply liquidity pools with crypto tokens, whose prices are determined by a constant mathematical formula. Liquidity pools can be optimized for different purposes, and are proving to be an important instrument in the DeFi #ecosystem.
Concentrated Liquidity helps liquidity providers to provide capital in certain price range and earn maximum yields. These are also called range orders and function on Uniswap and works with #DeFi aggregators like Multiple Protocol.
🌎 Join us on our Social Channels
New trade settings, created to support user switching options, and to remember the user’s last option after switching:
- Move into the position corresponding to the description icon to display the functional description.
- New positions provide Lite and Pro versions for users to choose from, the Pro professional version is selected by default.
- Lite Version provides an interface for adding liquidity parameter settings is available.
- New Pair price information, data source: Uniswap (all data refreshed in real-time, refresh once in every 15s)
Adding liquidity confirmation information
Second pop-up window to confirm adding liquidity information
Price Range: The price range
Ticks Number: Number of ticks covered by the price range
- Smart Contract
We have done some gas optimization, refactoring, reducing complexity, and increasing test coverage of smart contracts. While the current version continues to test internally, we are planning to iterate related product documentation for smart contracts.
About Multiple Protocol
Multiple Protocol is a Decentralized Finance (DeFi) protocol based on Ethereum that allows expert traders (GP) to provide professional AMM liquidity strategies, which in turn ensures users (LP) securely benefit from the best yielding products.
Multiple Protocol — The Next Generation DeFi Protocol
Visit — https://app.multiple.fi/