Weโre bringing another DeFi protocol to ICON! Convexus will be focused on one thing - token swaps. Its goal is to be a highly efficient market maker with deep liquidity, low slippage and low fees. Building utility for $ICX one dApp at a time ๐
Hello ICON! The ICON Public Representatives have spoken. Thanks to CPS funding, we are bringing a decentralized market maker for automated liquidity to the ICON blockchain! We look forward to launching a synergistic DeFi app within ICONโs growing ecosystem. Until then, we build๐๏ธ
@CryptoMoneyGame @theconnectooor @IcxIndia@karmadaofinance could be a good vehicle to do this. Allowing users to buy $ICX at a discount for $bnUSD instead of CPS selling $ICX for $bnUSD putting further pressure on $ICX price.
After a successful first round of bonds for @ommfinance, Karma will be launching a new bonding programme with @InanisInvictus for the VOID token today! Full details of the bonding parameters will be shared ๐
These will go live here https://t.co/aUjhsD4W2y
The Omm x @karmadaofinance integration is live.
If youโve supplied liquidity for $OMM, you can now sell your LP tokens for discounted OMM through the Bond Marketplace.
Visit https://t.co/lTv3Ynm4Vz and help Omm accumulate more of its own liquidity.
Finally, CROWN is set to go live on Friday midnight (EST)! Eligible wallets can claim their tokens over the weekend.
Super grateful for the wonderful community for all the support and patience. ๐
We've compiled our Karma University series of educational posts into a Medium article. We'll be working on new ones over time as we develop Karma Finance. Happy weekend reading ๐ค
https://t.co/S80Azr8o40
We're excited to release our Bond Marketplace on Sejong testnet!
https://t.co/dYQhN5yJMj
Time for ICONists to test out single sided bonds:
1โฃ $bnUSD -> $ICX
2โฃ $bnUSD -> $BALN
3โฃ $IUSDC -> $ICX
4โฃ $IUSDC -> $OMM
Come join us on Discord! https://t.co/C8rUFtB3gz
@benny_options You could do it that way however CEX wait times + network congestion with reports of failing transactions might mean you miss that arb opportunity. I would rather buy UST with USDT directly on CEX and wait for peg restore or arb staked versions of LUNA (10% opp currently)
@real_digidavid@Paul__Rouge @OptimusDeFi @Convexus_AMM Yes it could. @Convexus_AMM will ensure that developers have all the resources and documentation they need to build on top of Convexus. Several services such as this exist for Uniswap v3 and we would hope multiple optimisation services are similarly built on Convexus ๐
@bwhli@BalancedDAO You hit the nail on the head here @bwhli. @Convexus_AMM, @EQU_Exchange, @karmadaofinance and @craftdotnetwork will increase the demand for bnUSD which in turn will remove ICX from liquid supply. A thriving dApp ecosystem will reinforce this positive flywheel effect.
@karmadaofinance and @craftdotnetwork have come together to announce a fantastic opportunity for artists! Applications are now being accepted! https://t.co/i8cC95WElp
Calling all artists ๐ข๐จโ๐จ๐ฉโ๐จ
We have partnered with our friends at @craftdotnetwork to offer:
โ 2,000 USD prize pool shared between top 3 artists
โ Winning artist will design the Karma NFT collection
โ NFTs will receive a portion of $KARMA inflation
https://t.co/sG2Zrng64j
We are reaching out to the @BalancedDAO community to gather your thoughts and feedback on integrating $BALN into the Karma Bond service. Your participation matters ๐ค https://t.co/d7rdXuAQNy