10-19-2021, 09:55 PM
This liquidity aggregator might change the game in the DeFi space.
<!-- SC_OFF --><div class="md"><p>I’m on the lookout for DeFi projects lately and one of the promising projects I found is <a href="https://grizzly.fi/">Grizzly</a>. Basically, it’s a liquidity aggregator that aims to make DeFi accessible to everyone through intuitive UI and features that can save us from a couple of clicks. I attended their Aug 2021 AMA, and here's what I found out.</p> <ul> <li>Grizzly is a liquidity mining hub. We don't invest in Grizzly per se but we invest THROUGH it. There's actually a huge difference. This means they don't necessarily have competition as the Grizzly maximizes DEX potential via smart contracts that focus on stable coin pairs.</li> <li>The platform has a strong emphasis on accessibility. This explains the bear, honey, etc. imagery even I got weirded with at first. Bears (investors) give their coins to bees (smartcontracts) that tap into hives (liquidity pools) and generate the Honey Token as well as other rewards. I guess the simple imagery makes it easier for DEX newcomers to join? (The whole process of investing is made much easier. “One-click investment process” is here a Keyword)</li> <li>Aside from images, the Grizzly smart contracts also help with accessibility. They're designed to auto-compute ideal daily reinvests which gives higher yields. </li> <li>If successful, their "Collaterized Liquidity Mining" can be a HUGE deal. We've never seen anything like this. This can remove the risks of selling your BTC etc to do liquidity mining, since Grizzly becomes a "lending platform" for crypto. If you don't want to deal with your BTC directly, you can just take out a loan and work with it instead. Since the smart contract also regulates this process, theoretically we shouldn't worry about liquidation risks for the loans.</li> </ul> <p>Overall Grizzly seems pretty neat. Of course, it’s still essential for beginners to DYOR especially on DeFi but making it more accessible an</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AkenHoma"> /u/AkenHoma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb5tt6/this_liquidity_aggregator_might_change_the_game/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb5tt6/this_liquidity_aggregator_might_change_the_game/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m on the lookout for DeFi projects lately and one of the promising projects I found is <a href="https://grizzly.fi/">Grizzly</a>. Basically, it’s a liquidity aggregator that aims to make DeFi accessible to everyone through intuitive UI and features that can save us from a couple of clicks. I attended their Aug 2021 AMA, and here's what I found out.</p> <ul> <li>Grizzly is a liquidity mining hub. We don't invest in Grizzly per se but we invest THROUGH it. There's actually a huge difference. This means they don't necessarily have competition as the Grizzly maximizes DEX potential via smart contracts that focus on stable coin pairs.</li> <li>The platform has a strong emphasis on accessibility. This explains the bear, honey, etc. imagery even I got weirded with at first. Bears (investors) give their coins to bees (smartcontracts) that tap into hives (liquidity pools) and generate the Honey Token as well as other rewards. I guess the simple imagery makes it easier for DEX newcomers to join? (The whole process of investing is made much easier. “One-click investment process” is here a Keyword)</li> <li>Aside from images, the Grizzly smart contracts also help with accessibility. They're designed to auto-compute ideal daily reinvests which gives higher yields. </li> <li>If successful, their "Collaterized Liquidity Mining" can be a HUGE deal. We've never seen anything like this. This can remove the risks of selling your BTC etc to do liquidity mining, since Grizzly becomes a "lending platform" for crypto. If you don't want to deal with your BTC directly, you can just take out a loan and work with it instead. Since the smart contract also regulates this process, theoretically we shouldn't worry about liquidation risks for the loans.</li> </ul> <p>Overall Grizzly seems pretty neat. Of course, it’s still essential for beginners to DYOR especially on DeFi but making it more accessible an</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/AkenHoma"> /u/AkenHoma </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb5tt6/this_liquidity_aggregator_might_change_the_game/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qb5tt6/this_liquidity_aggregator_might_change_the_game/">[comments]</a></span>Kind Regards R