Plenty — a platform for creating liquidity and trading FA 1.2 and FA 2 tokens on Tezos.
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Description of the Plenty project
You can only exchange tokens for Plеnty if there is sufficient liquidity for these tokens. Providing liquidity will give you Plenty Liquidity Provider (PLP) tokens, which will generate rewards in the form of trading commissions for providing constant liquidity for the use of the exchange. Farming allows users who provide liquidity to receive PLENTY rewards by blocking their PLP tokens on the farm.
Some features of this crypto exchange:
| 1. | Add liquidity to any trading pair and start earning trading commissions. |
| 2. | Earn PLENTY and other tokens by placing Liquidity Provider tokens on the farm. |
| 3. | Bet PLENTY, get xPLENTY. The rewards increase every time. |
Plenty — a suite of smart contracts for creating liquidity pools and related markets that are compatible with each other. The architecture runs on Uniswap V2. Essentially, each pool uses the x * y = k function to maintain a curve along which trades can take place. Pools keep track of reserves (liquidity) and update those reserves every time someone trades. Since reserves are automatically rebalanced, Plenty's liquidity pool can always be used to buy or sell a token without requiring a counterparty on the other side of the trade.
How to use this coin defi dapp?
Firstly, you need a Tezos wallet and some XTZ. XTZ is available on all major crypto exchanges such as Coinbase, Kraken and Binance. If you already have XTZ, go to Quipuswap to change them to PLENTY.
If you are a DeFi user from another blockchain, you can exchange your assets, using the Wrap protocol. Exchange tokens like USDC, BUSD, LINK, MATIC or WBTC and use them on Plenty to trade and profit. You can get more information about the project by examining the main page of the site. There is a short description and answers to questions.
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