A new generation of Pact is approaching! ⚡️
Pact’s new beta website is now open for testing to all users: https://t.co/PCLXqF5jbt
We encourage all users to test and provide their feedback via the link. Rewards program pending 👀
Liquidity is the lifeblood of DeFi.
Our mission is to get a $100K trade of $ALGO under 1% slippage.
Now it’s 7.4%.
One way we are tackling this is with Concentrated Liquidity, soon to launch, where you can turn $3M depth into $27M
Here is how it’ll work 🧵
100%
Security is the number one priority at Pact. We are having independent developers review, as well as using leading models to help detect any threats (which we utilize on all of our products on a periodic basis.)
Speaking of liquidity deployments, what is awesome with a clMM is someone who owns a lot of algo, like AF, can center liquidity around farther out mid points and would need a lot less USDC. Quick example: $1M deployed across say .075 - .4$ , you would need only about 100k USDC and most of if would be deployed ALGO (~10M ALGO)
4/
Point it at ALGO/USDC in a +/- 25% range for example, and $3M deploys like ~$27M of depth.
That same $100k trade: 7.4% → 0.72%.
ALGO/USDC is the leg inside most routes on Algorand. Deepen it and every pair quotes tighter & the whole chain trades better. 👇
DeFi is the foundation for every successful L1, and we are working to making that a reality on Algorand.
https://t.co/B8EzSItmRs
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The fix: concentrated liquidity.
A normal AMM spreads capital across every price from 0→∞ most of it never touches a trade.
A clMM position concentrates it on a chosen range. Inside it, $1 does the work of several.
Range width is a dial that our performs traditional LPs.
We the @GreeneryTeam are excited to announce that @pact_fi has generously supported our mission with a donation of 100,000 $POW! 🔥
At Greenery, our goal is to introduce more people to the Algorand ecosystem, educate newcomers about crypto, and make learning fun through community games and rewards. Support like this helps us continue that mission and reach even more people.
A huge thank you to the PactFi team for believing in what we're building and investing in community growth. Your generosity will go a long way in educating, engaging, and rewarding our members.
We truly appreciate your support and look forward to growing the Algorand ecosystem together. 💚🤝🚀
@seawillpdx@Jimii369 Sea Will, haven’t see you across the feed in a while. Hope all is well! If you haven’t followed along, checkout our June Blog. Great things coming..