🧿StableSwap Pools with concentrated liquidity

Pools with concentrated liquidity are launched on Nomiswap! Get the highest APR at the start on BUSD-USDT, USDC-USDT, and USDC-BUSD pools 🚀

Concentrated liquidity is a new, more technologically advanced type of liquidity pool that will actually increase the effective liquidity used in swaps/exchanges by up to 100 times. That is, if $9 million is currently in the USDC/USDT pool, then when this liquidity is migrated to a new pool, it will be possible to exchange stablecoins in this pool, as if there were 900 million liquidity in this pool (in the current implementation).

This can automatically increase the volume of trading on Nomiswap for this pool, at least due to arbitrage bots and liquidity aggregators. And as a result, increase trading commissions, which, among other things, are used to pay remuneration to liquidity providers. This is our first step in shifting liquidity provider rewards from NMX token farming to trading fees, which will help reduce issuance.

The first version of this update affects pools with stablecoins only: BUSD-USDT, USDC-USDT, and USDC-BUSD. The Nominex team is conducting research and developing to implement this mechanism in other pools.

What are the advantages of pools with concentrated liquidity?

🔹 Trading volume for these pools may increase. This may contribute to a greater influx of traders. And as a result, an increase in the volume of trading commissions which will be used to reward liquidity providers.

🔹 Thanks to the payment of liquidity provider rewards through commissions, it is planned to reduce the share of NMX tokens as liquidity provider rewards, which will reduce the issuance of the NMX token.

🔹 Concentrated liquidity makes it much more profitable to make exchanges and trades on such pools, and when exchanging one token for another, get more of the second token.

🔹 Liquidity in such pools on Nomiswap will be more often "noticed" by liquidity aggregators of decentralized exchanges, which can transfer significantly more exchange transactions of their users to these pools, thereby increasing trading volumes on Nomiswap.

🔹 For liquidity providers, the operation of the new pools is indistinguishable from the pools in the previous implementation.

Among the popular DEX-es (TOP-5 in terms of TVL-volume of funds blocked on smart contracts) on the BNB blockchain, there are not yet those who have implemented such technology.

Liquidity migration

You are able to transfer liquidity from old pools to new ones without losing the holder bonus. There is the possibility of a simple transfer of liquidity while maintaining the holder bonus. To do this, click the Migrate liquidity button, in the window that appears, provide access to the migrator contract to the current LP tokens and migrate.

Working with new farming pools

The new farming pools are similar in functionality to the rest and the principles, methods and operations have not changed.

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