Gate is going to commence Shiden (SDN) trading on Aug 30th, 2021 06:00 AM UTC.
About Shiden (SDN) ：
Shiden
Network is a multi-chain decentralized application layer on Kusama
Network. Kusama Relaychain does not support smart contract functionality
by design - Kusama Network needs a smart contract layer. This is where
Shiden Network comes in. Shiden supports Ethereum Virtual Machine,
WebAssembly, and Layer2 solutions from day one. The platform supports
various applications like DeFi, NFTs and more.
Token symbol: SDN
Website: https://shiden.astar.network/
Shiden (SDN)/USDT Trading starts: Aug.30th, 2021 06:00AM UTC.
Deposit Shiden (SDN) at https://www.gate.com/myaccount/deposit/SDN
Shiden (SDN) in USDT market via: https://www.gate.com/trade/SDN_USDT
Shiden (SDN) in BTC market via: https://www.gate.com/trade/SDN_BTC
Shiden (SDN) in ETH market via: https://www.gate.com/trade/SDN_ETH
Gate
will open an Automated Market Maker (AMM ) for SDN, and launch an AMM
"liquidity-mining" rewards. Users who provide market liquidity by
inserting liqudity in will get rewards from liquidity pool transaction
fee and GT token rewards from liquidity reward pool. High annual rate
rewards with secure.
AMM Trading Market and AMM Liquidity Mining
Gate
has launched a new version of the liquidity pool (centralized automatic
market maker (AMM) transaction service) on August 1st, 2021: allowing
most of the new currency and non-mainstream currency markets to obtain
the same liquidity advantage as Uniswap, and allows users to enjoy the
low-cost and high-quality user experience of the centralized platform.
Gate will continue to add different currencies, please pay close
attention to follow-up announcements.
The rules for markets to upgrade to the Automated Market Maker (AMM) model are as follows:
1)
Fixed 0.3% commission fee for both Taker and Maker (temporarily
consistent with Uniswap, subject to the needs of both market parties)
2)
A fixed percentage (such as 50%) of the transaction fee will
automatically be changed into GT through the open market and put into
the AMM Reward Pool.
3) Anyone can
become a liquidity provider (LP) and get the transaction fee rewards
from the liquidity pool and the GT rewards that are invested in the
liquidity bonus pool.
4) Liquidity
providers provide liquidity to the market, but they need to bear in mind
the risk of impermanent losses. For example, if the market price
doubles, the impermanence loss is about 7%, and if the market price
drops back to the original point, the impermanence loss disappears.
5) Liquidity providers can take bonus and withdraw at any time
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Gate Team
Aug 29, 2021
