This round of bull market is led by the United States, and the US public chain is becoming the focus of the market. In addition to #SOL. Move, developed by former Facebook employees, is a new generation of smart contract programming language that will support Libra's financial infrastructure and empower billions of people around the world. As a representative of Move, Aptos has raised 350 million US dollars, with a luxurious lineup and huge potential. Its largest DEX#Liquidswap(@PontemNetwork) in the ecosystem is about to hold TGE, which deserves special attention!

Liquidswap (@PontemNetwork) is the first AMM DEX on Aptos for volatility and stablecoin trading pairs. It is built by the Aptos-backed Pontem Network and has the same features as Uniswap and Curve, designed to enable secure and decentralized token swaps. The protocol is written in the Move language and supports Aptos and its own Lumio chain abstract network.

Pontem Network is a product development studio dedicated to promoting global financial inclusion through blockchain technology. Pontem is a strategic partner of Aptos and develops important dApps and infrastructure for Aptos.

These include various development tools, EVM, AMM, etc. to promote the widespread adoption of the Aptos blockchain. For example, the Move IntelliJ IDE plug-in and the Move Playground code editor provide great convenience for Move developers. It also includes a number of excellent dApps, such as: Pontem wallet, Liquidswap DEX, NFT. There is also its own Lumio chain abstract network, etc.

product description:
1.Liquidswap offers a variety of features, including token swaps, yield farming, staking, and liquidity pools. Users can bridge tokens between different blockchains and access the platform using the Aptos wallet.
2. Staking
Users can earn income by staking APT tokens, providing liquidity, and using liquidity provider (LP) tokens in the farm. In addition, they can also get additional rewards by testing new projects such as Lumio.

3. Liquidity provision
Users can add cryptocurrencies to the liquidity pool and receive an equal share of the transaction fees generated by the pool. The liquidity pool is divided into two types: V0-0.5 and V1, which are suitable for early beginners. In the early stage, users can concentrate liquidity in a specific part of the pool to seek more rewards.

4. Agriculture
Users can earn double rewards by farming leveraged liquidity provider (LP) tokens. Farmers are sorted by annual percentage rate (APR), total volume locked (TVL), and reward currency, and rewards are usually paid in Aptos' native token, APT.

Protocol features:
1. Low slippage stablecoin exchange
For popular DEXs such as Uniswap or SushiSwap, decentralized exchange between stablecoins such as USDT, USDC and DAI has always been a challenge due to high slippage. Liquidswap uses traditional AMM to support volatile assets, and adopts DEX Solidly for stablecoin assets. The two curves run in parallel, bringing a better experience to users. It effectively realizes low slippage stablecoin exchange similar to Curve.

2. Speed ​​and smooth experience. Liquidswap uses Aptos' unique Move programming language to provide first-class performance and speed, fast transactions, low fees, and smooth experience.

3. Token exchange between EVM and non-EVM. Liquidswap is integrated with Kana Labs, allowing users to seamlessly exchange tokens between Solana, Aptos, and Ethereum ecosystems, simplifying the cross-chain transaction process and reducing time and gas fees.

4. Community Governance
Liquidswap introduces $LSD tokens for community governance. LSD tokens will enable the voting lock mechanism VE model (voting trusteeship) to enhance functionality and rewards.

Protocol data:
The current TVL is as high as 33.92 million U.S. dollars. The data has grown significantly in the past year. In the same period in July 2023, the TVL was only 11 million U.S. dollars, an increase of more than 3 times.

The growth in transaction volume is even more significant. The cumulative transaction volume exceeds 1.3 billion U.S. dollars. The current average daily transaction volume is as high as 5 million U.S. dollars. In the same period last year, it was only about 500,000 U.S. dollars, a full increase of 10 times. Among them, 1.1 million unique addresses. The total number of exchanges reached 14 million.

The growth of TVL and trading volume is the key to measuring the development of a DEX. It fully demonstrates the recognition of users and the unremitting efforts of the team.

safety:

1. For DEFI projects, security has always been a top priority, and the team attaches great importance to security. Liquidswap has completed three security audits, one from Ottersec, one from Halborn, and one from Zellic, and has issued a bounty task worth $500,000. The team's structure is evident, and there has not been a single security incident since the project was released!
2. Emergency brake mechanism. Since the Aptos blockchain, Move language and Move VM are all very new technologies, the project retains an emergency brake mechanism to prevent any protocol-level or virtual machine-level problems. This will block all liquidity casting and exchange, while allowing liquidity providers to destroy their LP tokens, and the DAO treasury will guarantee security losses.

Investment agency:
Pontem Network received a total of US$10.5 million in financing.
Investment institutions include: Mechanism Capital, Faction, Kenetic Capital, Pantera Capital, Animoca Brands, The Spartan Group, Delphi Digital, NGC Ventures and other excellent investment institutions!

team:
Alejo Pinto is the founder of Pontem Network. He has worked at BlockFi and IBM. He was the head of growth in IBM's blockchain products department and graduated from the University of Pennsylvania.

Boris Povod is the co-founder and CTO of Pontem Network. He has participated in projects including Cartesi (#CTSI) (Binance IEO 50x), Wings (prediction market). He graduated from Platov South State Polytechnic University in Russia.

Token Economics:
Liquidswap Token Name: $LSD
TGE time: July 30
Investors: 46.7% (one year cliff + three years vesting)
Airdrop and staking rewards: 15%
Team: 13.3% (one year cliff + three years vesting)
Treasury: 16% (paid every 36 months)
Exchange liquidity: 8%
Exchange Offering (IEO): 1%

• The team promises that the valuation of $LSD IEO will be lower than the valuation of the previous round of financing to allow for fairer participation by the community
• Any issuance set for tokens will go into the treasury and be distributed to the community

Liquidswap DAO ($LSD) token adopts the VE model to empower community governance. Users can participate in the governance of the protocol and future development and project treasury through the voting escrow mechanism, thereby achieving the continuous growth and self-sustainable development of the project.

Airdrop Rules:
The $LSD airdrop represents 5% of the total token supply, with 69% of tokens released at the (TGE) and the remainder vesting linearly over 4 months, released monthly.

Airdrop distribution plan:

1.27% allocated to community NFTs, meme tokens, product testers and ambassadors, with a snapshot date of July 10, 2024

2.49% are early adopters: trading and adding liquidity on Liquidswap, snapshot date April 7

3.24% for late adopters: trades and liquidity added to Liquidswap between the snapshot date of April 7, 2024 and the snapshot date of July 10, 2024

Potential Thinking:

1. As the representative of this round of new public chains, the US public chain APTOS has not yet fully exploded. Ecological projects have sprung up. $LSD is the first project to issue coins in the Aptos ecosystem and the largest DEX. Many subsequent Aptos ecological projects including Aries and Amnis have not yet issued coins. In the future, it is expected to form a golden shovel effect, cooperate with other Aptos ecological projects, and jointly airdrop, which can be benchmarked against#SOLecological#JUPto form a strong linkage. Therefore, holding $LSD and staking or participating in liquidity activities in the future may have a lot of surprises.

2.Liquidswap will be deployed on Lumio/Movement, and there is a high probability that it will receive airdrop incentives from Lumio/Movement. At present, Movement has officially announced the subsequent test network and will cooperate with Liquidswap. Its own chain abstraction network Lumio will naturally receive more care!

3. With many high-quality#DEFIprojects recently starting to innovate token economics, we find that ‘open market buyback’ + ‘user dividends’ have become a potential mainstream trend in the future. @aave recently proposed a new proposal.
It is expected to set off a wave of restarting DEFI SUMMER. After communicating with Liquidswap officials, they revealed that they will also release an ‘open market repurchase’ plan in the future, so stay tuned!

Summary: Liquidswap is a feature-rich and secure DEX that has gained popularity and achieved significant data growth thanks to its performance on the Aptos blockchain, excellent transaction speed and user experience. Users can trade and earn rewards on the platform in a variety of ways, while also participating in the governance of the platform. With the upcoming TGE of $LSD tokens, there will be more empowering gameplay and airdrop opportunities in the future, which is worth paying attention to!