AllianceBlock and Ocean Protocol create their second MLP on POP!
Dear POP! Town,
You can find the MLP on our website here!
Reinstating this MLP sends a strong message to the market, by displaying how committed both AllianceBlock and Ocean Protocol are at proving their sincerity behind their partnership. After a successful premiere launch, both teams have decided that a second MLP would be the right step forward for their communities. If you would like to find out details regarding the first MLP, such as how it works and what the parameters of the MLP were, please see our previous post here.
Details about the MLP
AllianceBlock and Ocean Protocol have decided to reinstate the MLP with the same conditions as the previous MLP. This means, they will lock $50,000 of liquidity each (in their native tokens), thereby creating a $100,000 ALBT/OCEAN Liquidity Pool on Uniswap(V2), which will be reflected on POP!’s platform for user participation through single sided liquidity provisioning, as well as standard liquidity provisioning (dual sided). Furthermore, they have both agreed to run their MLP for a duration of 180 days, starting from the 18th of August 2021 at approximately 20:00 UTC, and concluding on the 14th of February 2022 at approximately 20:00 UTC.
As mentioned in our previous article, while bonus rewards have been committed, they will however only come into effect once our Candy Farms have been released. This means that users will be farming POP! tokens in the MLP, and once the Candy Farms go live, POP! holders will be able to stake their POP! tokens and earn sweet bonus rewards! We will make an announcement once this goes live, so that you will be ready to farm away until your sweet tooth is content!
About the Partnership
AllianceBlock will build a data pipeline on top of Ocean where user data such as KYC/AML/KYB will be stored and users will be able to use role based access control to give access and revoke access to data. This product is part of AllianceBlock’s use case to bridge traditional finance and decentralised finance applications by providing illiquid assets short term financing to high-net worth individuals at private banks.
DeFi P2P lending applications and traditional equivalent applications will be connected to the AllianceBlock product, and all lenders interested in participating in a specific financing will need to do KYC/AML and get validated by the regulatory and compliance tools built by AllianceBlock. Storage and access control to data for lenders will use Ocean Protocol technology, with lenders being able to grant and revoke access to their data.
Through Ocean Protocol, retail banking APIs will be able to connect to DeFi in a way that is compliant with financial regulations such as PSD2, resulting in new, exciting open banking solutions.
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
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.