Dear POP! Community,
We hope you’ve all been farming those sweet and luscious POP! tokens over the last few days, because we’ve got an exciting treat coming up for you guys!
Just to give some brief context — when we as investors are faced with the news that projects have partnered together, we see this as a statement to the market that these projects intend to help each other achieve success — at least to a certain degree, right? Well, this generally entails working hard together to overcome obstacles and accomplish certain goals. The tricky part is determining if these partnerships are sincere, or just a mere marketing ploy. That’s where POP! comes in. Based on this, we’re excited to share that the launch of our V1 POP! Platform is just around the corner, so make sure to keep your eyes peeled for our followup announcement!
So what exactly does this mean?
Well, essentially this means you will finally be able to see your favourite teams create and launch their very own exciting Mutual Liquidity Pools (MLPs), which will help prove to their communities, and the general market, just how committed they are to seeing their partnership succeed! You might be wondering, how exactly does an MLP achieve this effect? Essentially, by locking their own liquidity together, they are willing to bind themselves financially and create a new and unique farming avenue for their token holders. By unique we mean that users will have the ability to farm with single-sided liquidity provision (i.e. farming with just your favourite asset — instead of two assets), and on-top of that, they will have a portion of their potential Impermanent Loss (IL) mitigated through our unique rebalancing mechanism! Sounds attractive? Well, let me get you in on some more exciting news…
We’ve already been working with numerous large and highly respected projects in the industry, who are excited to get started on POP! They see the need for such a platform in our industry, and are keen on strengthening an already strong bond with their communities by utilizing POP! That said, on the initial launch of our project, we have decided to only kick off with the LP between POP! and ETH, to grant our token holders early access and usage to our platform! In the days following our launch, we will be releasing the first MLPs with those exciting projects — so stay tuned to find out which ones are the first!
For more details on how POP! works, check out our Gitbook here.
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.
