AllianceBlock and Bridge Mutual create the first MLP on POP!

Dear POP! Town,

Today we are excited to announce that AllianceBlock and Bridge Mutual have decided to launch the first Mutual Liquidity Pool (MLP) on POP!

You can find the MLP on our website here!

The launch of this MLP sends a strong message to the market, by displaying the sincerity and commitment behind their partnership, while providing the opportunity for their respective communities to directly benefit from this partnership. In this article we will elaborate on what this means, the details surrounding the MLP, and finally some information on their partnership.

What does this mean?

To better understand how this will work, let’s have a look at an example:

Assume that Popeye owns ALBT tokens and he would like to participate in the ALBT x BMI MLP. First of all, he would access our website here, and connect with his wallet that holds the ALBT tokens.

After entering the App, Popeye will find and select the ALBT x BMI MLP. At this point he will be greeted with our MLP Marketplace, which provides a UI for Making and Taking single-sided offers. Given Popeye holds ALBT, he can make an offer with his ALBT tokens in order to match with a BMI holder.

Let’s assume that he holds 1,000 ALBT and would like to make an offer with all his tokens. All he would need to do is input the values marked in the Make Offer window (Purple window), confirm the transaction, and it will be displayed on the marketplace.

At that point, once a BMI holder Takes his offer, both Popeye and his partner’s funds will be joined and added into the LP, whereby they will begin their farming partnership!

Throughout the farming period both Popeye and his farming partner can claim their rewards (in the form of POP!, ALBT and BMI tokens). At the end of the farming period, they will be able to claim back their initial tokens, and should one of the farmers have suffered a loss due to impermanent loss, a portion of the loss will be mitigated through POP!’s rebalancing mechanism.

For more information on how POP! works, and how to interact with our App, please check out our guide here. Should you have any questions, please check out our FAQ, or shoot us a message on our telegram group.

Details about the MLP

About the Partnership between AllianceBlock and Bridge Mutual

AllianceBlock will integrate Bridge Mutual into its P2P lending, investment and NFT platform, allowing Bridge Mutual to provide coverage to lenders and investors. Bridge Mutual will also work to monetize its platform through the AllianceBlock Data Tunnel. Additionally, Bridge Mutual will join AllianceBlock’s pioneering multi-pair liquidity mining platform to offer BMI token holders instant liquidity via staking, with high APY rewards for a range of pairs.

For more information regarding their partnership, please read their medium articles — AllianceBlock Announcement | Bridge Mutual Announcement

About POP!

Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.

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POP! is a platform that allows 2 projects to prove their partnership and allows single-sided LP funding on Uniswap, by matching providers.