What is Liquid Driver? Defi is increasingly blooming, AMMs (Automated Market Makers) are increasingly attracting the attention of users, especially liquidity providers. However, many people do not know how to optimize capital efficiency when providing liquidity to AMMs.
Liquid Driver was born to solve this problem, let’s find out more details about this project!
What is Liquid Driver?
Liquid Driver is a liquidity mining project built on Fantom Ecosystem that helps users optimize profits from Liquidity Provider Tokens (LPs).
Explain: When users provide liquidity to AMM exchanges, they will receive LPs Token – representing the number of tokens provided into the AMM Pool. However, if these LPs tokens are not used, they are very wasteful. Therefore, users can stake these LPs Tokens into Liquid Driver’s Pool to earn profits.
Liquid Driver products
- Farms: Users who stake LPs Token will receive Liquid Driver Token (LQDR) rewards. The project supports LPs Token projects SpiritSwap, SpookySwap, Beethoven-x.
- Single Sided Farms: Users who stake LPs Token of the Hundred Finance project receive a reward of HND Token.
- Shadow Farms: Users who stake LPs Token projects SpiritSwap, SpookySwap, Beethoven-x will receive project governance tokens (xBOO, fBEETS, linSPIRIT).
- xLQDR: Users who Lock LQDR will receive xLQDR in return. xLQDR holders will receive rewards from Revenue-Sharing Vault – includes rewards from the project’s staking pools strategy and fees when users use Shadow Farms.
- xLQDR FNFT: This is an ERC-721 version of xLQDR created through Revest.Finance. The difference from xLQDR is that xLQDR FNFT can be sold through Paintswap.
- linSPIRIT: Is the wrapped version of inSPIRIT – SpiritSwap’s governance token. When Lock linSPIRIT users will receive the same reward as inSPIRIT and an additional 8% from Performance Fee. There are 2 Pools for users to choose from: linSPIRIT fee distributor – claim reward after 7 days and linSPIRIT Auto-Compounder – Rewards will be automatically claimed daily and added back to the user’s Pool to create compound interest.
- LinhHND: Is the wrapped version of veHND – Hundred Finance’s governance token. In contrast to locked veHND, linHND has liquidity and can be traded on DEX (Decentralized Exchange). Holding linHND will receive 8% from Performance Fee.
What is Performance Fee?
Performance Fee is the fee when users provide LPs Tokens to the project’s Shadow Farms.
What Are The Highlights Of Liquid Driver?
The project provides many Farming strategies for users. Through the project, users can optimize profits and increase capital efficiency for their Liquidity Provider Tokens (LPs).
How it works
- Step 1: There are 2 ways users can earn profits from their Liquidity Provider Tokens (LPs): 1/ Provide LPs into Staking Pools and receive rewards of LQDR tokens. 2/ Provide LPs to Shadow Farms and receive rewards as partner governance tokens (xBOO, fBEETS, linSPIRIT).
- Step 2: 1/ LPs in Staking Pools will be provided by Farm through partner Pools, rewards received will be sent to Revenue Sharing Vaults. 2/ When users provide LPs to Shadow Farms, they will be charged a fee, this fee will be sent to Revenue Sharing Vaults.
- Step 3: Users who Lock LQDR will receive 90% of revenue from the Revenue Sharing Vault, 5% will be sent to the developer’s wallet to motivate future project development, the remaining 5% will be sent to the project’s Treasury DAO .
Development Roadmap
Phase 3.0
- Develop Cross-chain Master Gauges.
- Deploy on Optimism and BNB Chain.
Phase 3.5
- Deploy Master Gauges on the new chain.
- Introducing new wrappers.
- Introducing financial NFTs.
Long Term
- Interact with chainlink’s CCIP.
- Launched Leveraged farming – leveraged farming.
- Launch liquidity for Option and Insurance segments.
- Develop Defi Aggregator integrating major Dapps such as SpiritSwap, SpookySwap, Beethoven-x, CREAM, FRAX, building an All-in-one Defi platform for users.
Core Team
Update…
Investor
Update…
Tokenomics
Overview information about LQDR token
- Name: Liquid Driver
- Ticker: LQDR
- Blockchain: Fantom
- Contract: 0x10b620b2dbac4faa7d7ffd71da486f5d44cd86f9
- Total supply: Unlimited (Unlimited)
Token Allocation
Update…
Token Use Case
LQDR is the project token and is used for the following purposes:
- Project management.
- Staking receives Yield from project revenue.
- Provide liquidity on DEX exchanges.
Exchanges
Currently LQDR is being traded on DEX (Decentralized Exchange): SpiritSwap, SushiSwap, SpookySwap, OpenOcean…
Project Information Channel
- Website: https://www.liquiddriver.finance/
- Twitter: https://twitter.com/LiquidDriver
- Discord:
Summary
According to Defilama data, since reaching the peak of TVL (Total Value Locked) in May 2022, the project’s TVL has continuously decreased since then, showing that Liquid Driver’s operating model still has many problems and needs to be overcome to retain users.
Follow Weakhand for future project updates!
