DragonSwap & Kibble Farm Announces Strategic Partnership
DragonSwap is excited to announce our partnership with Kibble Farm, a pioneering project in the DeFi space that aims to redefine liquidity provision and yield generation. This collaboration marks a significant milestone for both communities, offering users innovative ways to maximize their earnings while contributing to the liquidity of the ecosystem.
About Kibble Farm
Kibble Farm provides a concentrated liquidity provision algorithm that generates compelling returns with simple and painless user experience. Users deposit a single token and earn passive returns while the algorithm actively accumulates your preferred token and earns fees.
By depositing just one type of token, users can receive fees as the algorithm proactively gathers more of the chosen token and generates fees on their behalf.
What are the Key Features?
** Risks: When using services provided on Kibble Farm, you are exposed to various risks, including but not limited to smart contract issues, impermanent loss, price impact, market conditions, trading, liquidity, and exchange risks.
Please ensure to DO YOUR OWN RESEARCH before using the service, and USE AT YOUR OWN RISK.
- Single Sided Deposit: Easy one-token (or either both token) deposit experience. Range would set between ± 5%.
(* Warning: high zap volume might cause high PI (Price Impact) which can lead to a loss of assets.) - Profitable Liquidity:
Generate profit from trading fees and token appreciation, with auto-compounded returns - Auto Rebalancing: Rebalance occurs based on pool’s asset mix, not price. No token swap.
(* Warning: high volatility assets require frequent rebalancing, leading to a high PI (Price Impact), which can result in asset loss.) - Auto Risk Management: Protecting against costly arbitrage & market shifts by using 25+ market indicators
- 100% DeFi: Your Keys, Your Coins
DragonSwap x Kibble Partnership
While the service operates outside of the direct DragonSwap Farm deposits, our collaboration ensures a special arrangement. Through this partnership, users will receive $KLAY based on their Total Value Locked (TVL) ratio, which will then be compounded, similar to or potentially better than directly depositing into DragonSwap’s Farm.
How can I start using Kibble farm?
For now, you can access Kibble farm app (Klaytn network). Simply connect your digital wallet, choose the token you’d like to deposit, and follow the prompts. Check out this quick tutorial on how to deposit your assets and start earning on the platform. Kibble farm will soon be available on its own app and integrated on additional platforms.
How Do Vaults Work?
** Warnings: When providing liquidity on Kibble Farm, you are exposed to various risks, including but not limited to smart contract issues, impermanent loss, price impact, market conditions, trading, liquidity, and exchange risks.
Please be aware that using these services involves possibility of losses due to frequent rebalancing in volatile market situations and decreases in asset value. We strongly advise conducting your own research and using these services at your own responsibility.
Please ensure to DO YOUR OWN RESEARCH before using the service, and USE AT YOUR OWN RISK.
- First deposit your preferred token and receive LP tokens representing your share in the liquidity pool. You may deposit one side of the pair or both.
- Kibble Farm will then places these tokens into a concentrated liquidity AMM to earn trading fees and $KLAY incentives (if it is one of the DragonSwap’s $KLAY incentive pool).
- Kibble Farm auto-adjusts the concentrated liquidity position based on the user’s token arrangement and market conditions by utilizing Chainlink Automation.
- Earn trading fees on your tokens while benefiting from potential appreciation.
- Finally, you can withdraw your initial deposit and earnings anytime you wish — just exchange your LP tokens for your share of the assets in the vault.
- For more details, please read Kibble Farm Docs.
Conclusion
The collaboration between DragonSwap and Kibble Farm marks a pivotal advancement in our journey to lead the DeFi space on Klaytn. It not only underscores our responsiveness to institutional demand but also highlights our proactive stance in adopting innovative solutions to enhance liquidity provision and management.
As we move forward, we remain dedicated to leveraging this partnership to foster a thriving DeFi ecosystem on Klaytn, benefiting users, investors, and the broader blockchain community.
- For more about Kibble Farm, visit :
Website / X (Twitter) / Telegram
📍 Join our community for further updates!
- Website: https://dgswap.io/
- X: https://twitter.com/dgSwap
- Telegram Announcement: https://t.me/DragonSwap_ANN
- Telegram Group Chat: https://t.me/DragonSwap_COMM
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