Dear POP! Town,
As you may be aware, we are currently approaching the end of our first Mutual Liquidity Pools (MLPs), which were launched back in May of this year. We are extremely proud of the successful outcomes of these MLPs, especially given that they were launched during tough market conditions. This proves our theory that users are continuously seeking for alternative methods to participate in DeFi, and we believe our combination of single-sided liquidity provisioning, as well as mitigations to impermanent loss, play a large role in our recipe for success. Overall, we can’t express just how excited we are for the future, given the seemingly healthy market conditions and our upcoming releases.
As with everything in life, nothing lasts forever! Nevertheless, things can be reborn. With that said, we are pleased to announce that our current MLPs will be reinstated, thereby allowing you all to continue farming those sweet rewards!
In this article, we would like to break down what exactly this means and how you can move to the new MLPs.
What does this mean?
Once an MLP comes to an end, all remaining farming partnerships will also come to an end. This means users will be able to withdraw their liquidity and claim their farming rewards from any remaining farming partnerships.
The MLP will then be recreated with the same conditions, and the MLP marketplace will be reactivated, allowing users to initiate new farming partnerships.
Note: Given we are in the final stages of implementing the Candy Farms, we have agreed with the teams that the 3rd party rewards (project tokens), which were originally distributed as farming rewards, will instead be committed to the new staking Candy Farms.
How do I participate in the reborn MLPs?
Simple! If you have any liquidity currently farming in our MLPs, once the farming period ends, simply claim your rewards and remove your liquidity. Your liquidity will then be in your wallet and you’ll be able to utilize it freely. This means that once the new MLP is active, simply interact with it as you did before.
In the coming days, we will be announcing more information regarding the release of each individual MLP. Make sure to stay tuned, as we will be sharing some more exciting information on massive changes that are coming to the platform!
And as always… stay POPin’!
About POP!
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.
