Gate.io is going to commence Angle Protocol (ANGLE) trading on Nov 4rd, 2021 02:00 AM UTC.
About Angle Protocol:
Angle is the first over-collateralized, decentralized and capital-efficient stablecoin protocol. It offers full convertibility between stable assets and collateral at oracle value: you can swap 1 of collateral against 1 of stablecoin and conversely.
This makes the protocol both capital efficient and highly liquid. To make that work efficiently, Angle brings together leverage products (the protocol is derivatives backed) that are cheaper to get than on other alternatives and yield farming opportunities with a multiplier effect that allow the protocol to guarantee higher yield than what you could get using other strategies/platforms. ANGLE is the governance token ruling all that.
Token symbol: ANGLE
Website: https://www.angle.money/
Angle Protocol (ANGLE) Trading starts: Nov 4rd, 2021 02:00 AM UTC
Deposit Angle Protocol (ANGLE) at
Trade Angle Protocol (ANGLE) in USDT market via:
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Gate will open an Automated Market Maker (AMM ) for ANGLE, 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
Nov 4rd, 2021
