10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

DEX 2.0 Version of the Major Tezos Decentralized Exchange QuipuSwap is Released

MadFish presents the long-awaited QuipuSwap update that improves the economy model and brings UI changes, new token pool contracts and stats, voting updates, and other changes that community members wished for.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Quipuswap DEX 2.0

MadFish presents the long-awaited QuipuSwap update that improves the economy model and brings UI changes, new token pool contracts and stats, voting updates, and other changes that community members wished for.

These include: 

  • New pool contracts
  • New farms with high APR
  • Improved stats section for liquidity providers;
  • New section for creating token pools
  • Enhanced search options
  • Platform fee changes
  • New QUIPU buyback mechanics
  • Interface fee for developers
  • The updated voting process for Tezos bakers
  • Flash loans

Migrating your liquidity to DEX 2.0 pools

Please pay attention: the MadFish team advises liquidity providers who want to use new features to move their liquidity to DEX 2.0 pools. Please use the “Migration button” in your liquidity pool interface for migrating your liquidity.

The new features will only work for the new pool contracts. For example, only the new pool contracts will be able to participate in future farming programs, etc..

Flash loans

QuipuSwap presents Flash Loans, which is highly anticipated among the DeFi community.

Flash loans allow users to instantly borrow the sum required under the sole condition of repaying the debt within the same block. If the loan cannot be repaid within the same block, the transaction will simply be denied.

Flash loans can be used to take advantage of arbitrage opportunities.

For example, if you can buy 200 QUIPU for 65 XTZ on Quipuswap, and can sell 200 QUIPU for 70 XTZ on Plenty DEX, then you have an arbitrage opportunity to earn 5 XTZ. 

With Flash loans, you don’t need any funds to make this transaction. You borrow 65 XTZ to buy 200 QUIPU and sell the 200 QUIPU for 70 XTZ in the same block.

The blockchain clock ticks one block at a time, so in terms of blockchain time, borrowing and paying back the loan in the same block is basically instantly.

It’s possible because the total sum of all things registered on the blockchain ledger remains correct within the block.

This way you borrowed 65 XTZ and are able to pay the 65 XTZ back in the same block with a net result of 5 XTZ profit. Arbitrage opportunities are usually smaller, so with flash loans, anyone (rich or poor) could use bigger amounts to make an interesting profit. 

Currently, Flash Loans can only be executed through code. There is no dedicated interface for this feature; it is for code-savvy traders only. For more info, check here.  

Rewards vesting

Along with UI and technical changes, QuipuSwap received new financial mechanics intended to improve the QuipuSwap economy.

Among them is Rewards vesting, which redistributes a share of the prematurely withdrawn reward to a reward pool for remaining participants.

This mechanic was added to increase the income of loyal liquidity providers as well as to protect the QUIPU token from inflation.

The complete list of changes and their details are available from this full review of the DEX 2.0 update on the MadFish blog. 

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at info@xtz.news. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

[gravityform id="3" title="false" ajax="true"]

Other News

View More
Tezos Robinhood

Robinhood Adds XTZ to Its Cryptocurrency Offerings for New York

Robinhood, a popular trading platform known for democratizing access to financial markets, has expanded its cryptocurrency services in New York State by adding Tezos (XTZ) to its list of available digital assets. This development allows New York-based users to buy, sell, and trade Tezos, enhancing the cryptocurrency’s accessibility…

Read More

IguanaDEX Version 3 Launches on Etherlink, Now Tracked by DefiLlama

IguanaDEX, a new decentralized exchange (DEX), has officially launched on Etherlink, the Tezos Layer 2 rollup network. The platform enables users to trade and earn cryptocurrencies without relying on centralized exchanges or intermediaries.

Read More

DeFiLlama, the Largest TVL Aggregator in DeFi, Integrates Etherlink

DefiLlama, the largest TVL aggregator for Decentralized Finance (DeFi), has recently integrated Etherlink, enhancing the visibility and accessibility of this innovative Layer 2 blockchain solution within the decentralized finance (DeFi) ecosystem. DefiLlama is a prominent Total Value Locked (TVL) aggregator, offering open-source and transparent data, maintained by a dedicated team of contributors.

Read More