Gate.io list Sakura Finance(SKU)-Announcements-Gate.io

Gate.io 09-03 02:19 相关类型 币种上线
Gate.io is going to commence Sakura Finance(SKU) trading on Sep 3rd, 2021 6:00AM UTC.



About Sakura Finance:

Sakura Finance is the sister network of Clover Finance that’s living on the Kusama mainnet. Sakura Finance aims to deliver a one-stop cross-chain and defi solution to users. With EVM compatibility, users will be able to move their existing dApps to Sakura Finance just by one-click. In addition to low gas and high performance, Sakura Finance’s unique gas fee redistribution model will distribute portion of the gas to smart contract creators and network maintainers.

Token symbol:SKU

Website:https://clover.finance/sakura

Contract:0xab7d26316f5c0add393c2dda2e6da43d750dd399



Sakura Finance(SKU)Trading starts: Sep 3rd, 2021 6:00AM UTC



Deposit Sakura Finance(SKU) at https://www.gate.io/myaccount/deposit/SKU

Trade Sakura Finance(SKU) in USDT market via: https://www.gate.io/trade/SKU_USDT



Gate.io is a Cryptocurrency Trading Platform Since 2013

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Gate will open an Automated Market Maker (AMM ) for SKU, 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 3, 2021





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