About Skyrim Finance:
Skyrim Finance is the first multi-chain decentralized structured finance marketplace. Skyrim Finance aims to build the Robo-Advisor of DeFi eco. The objective of Skyrim Finance is to help investors of different profiles have risk-adjusted return through fixed-rate and leveraged-yield DeFi products.
The DeFi market consists of two types of DeFi investors. We aim to create a blended product that fits between these two target markets, so that participants can have a single touch hedged approach to DeFi.
Token symbol：SKYRIM
Website：https://skyrim.finance/
Contract：0x2610f0bfc21ef389fe4d03cfb7de9ac1e6c99d6e
Skyrim Finance(SKYRIM)Trading starts: Sep 2nd, 2021 1:30PM UTC
Deposit Skyrim Finance(SKYRIM) at: https://www.gate.io/myaccount/deposit/SKYRIM
Trade Skyrim Finance(SKYRIM) in USDT market via: https://www.gate.io/trade/SKYRIM_USDT
Trade Skyrim Finance(SKYRIM) in ETH market via: https://www.gate.io/trade/SKYRIM_ETH
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Gate will open an Automated Market Maker (AMM ) for SKYRIM, and launch an AMM "liquidity-mining" rewards. Users who provide market liquidity by inserting liquidity in will get rewards from the liquidity pool transaction fee and GT token rewards from the liquidity reward pool. High annual rate rewards with security.
AMM Trading Market and AMM Liquidity Mining
Gate.io has launched a new version of the liquidity pool (centralized automated market maker (AMM) transaction service) on August 1st, 2021: allowing most of the new currency and non-mainstream currency markets to obtain the same liquidity advantage as Uniswap, and allows users to enjoy the low-cost and high-quality user experience of the centralized platform. Gate.io will continue to add different currencies, please pay close attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1) Fixed 0.3% commission fee for both Taker and Maker (temporarily consistent with Uniswap, subject to the needs of both market parties)
2) A fixed percentage (such as 50%) of the transaction fee will automatically be changed into GT through the open market and put into the AMM Reward Pool.
3) Anyone can become a liquidity provider (LP) and get the transaction fee rewards from the liquidity pool and the GT rewards that are invested in the liquidity bonus pool.
4) Liquidity providers provide liquidity to the market, but they need to bear in mind the risk of impermanent losses. For example, if the market price doubles, the impermanence loss is about 7%, and if the market price drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time.
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Gate.io Team
Sep 2, 2021
