Implementing LiquidDriver V2: New Partners, Pools, and Plan of Action
LiquidFam, we are now sailing into one of the most bountiful stages of our voyage. It’s time for you to reap the treasures of an evolved LQDR ecosystem:
- New partnerships and value-focused collaborations
- Refreshed liquidity mining experience through new & boosted pools
- Upgraded vault strategies geared towards maximum returns for xLQDR holders
We have already set the waves in motion for our full V2 release, with the core developments underway and near completion. Read on to catch up on our latest updates and learn more about our plans for implementing LiquidDriver V2!
New Pools on LiquidDriver
The LQDR Ship has arrived at the new pools. Dive in and explore uncharted worlds of liquidity, utility & rewards as we integrate with SPIRIT, BOO, and WAKA through our V2 release!
Partner Pools
Collaborating with SpookySwap, SpiritSwap, and WakaFinance marks the first step in providing $LQDR users with more utility and incentivizing fresh liquidity for our partners in the Fantom ecosystem. Check out the new partner pools below…
Boosted BOO-FTM Pool on LiquidDriver
Enter the spookiest seas of Fantom to stake in our BOO-FTM pool and earn LQDR + wFTM rewards.
Boosted pool for LQDR-SPIRIT on LiquidDriver
In collaboration and seeding with SpiritSwap, users will soon participate in a boosted LQDR-SPIRIT pool to earn LQDR + wFTM rewards.
Boosted Pools & Airdrop for inSPIRIT holders
In a joint effort to build further synergies between our platforms, LiquidDriver and SpiritSwap will collaborate to seed our LQDR-FTM pool.
- SPIRIT rewards for liquidity providers
- LQDR airdropped exclusively to inSPIRIT holders
These SPIRIT rewards will be emitted to liquidity providers over a period of 6 weeks, while inSPIRIT holders will receive their share of an LQDR airdrop.
We’re super excited to roll out these rewards for everyone who participates, and you can expect even more collaborations like this going forward!
Audit
We had already audited our initial contracts multiple times, and a thorough testing phase was enough to be confident regarding security. However, with the V2 developments and vault strategies in progress, conducting an official audit was crucial in this process.
We have just passed a successful audit with Solidity Finance — zero vulnerabilities! Check out the audit report here.
Our only change will be to remove a function taken from the Sushi MiniChef contract for migrating funds in case of emergency.
We no longer have a use for this and will remove it before deploying our V2 contracts. The audit by SolidityFinance will reflect this removal before our V2 launch.
Protecting our users is the number one priority, and with a clean audit under our belt, we can now commence with the full rollout of LQDR V2!
V2 Migration Roadmap
Migration to the new pools will begin soon! We will make an announcement once we’re ready to begin the process:
- Emissions for our old pools stop
- V2 pools open without emissions
- Emissions will kick in 48 hours later
0% deposit fees
As LiquidDriver moves from a buyback and burn mechanism to a revenue redistribution model through our vault strategies, we have decided to drop all deposit fees on the platform.
Our goal is to maximize TVL, so if we drop all deposit fees and TVL rises, our yields for xLQDR holders will also increase, which raises the overall demand for LQDR!
Users will get to enjoy the smoothest liquidity-mining experience in the LQDR ecosystem, try out different farming strategies, and move funds around with no deposit fees!
Vault Strategy Update
Claiming process for the revenue sharing vault
As users will now receive yields in SPIRIT + BOO + WAKA + LQDR, we decided to switch back to a claiming process through our revenue sharing vault. Our epochs will last 24 hours instead of a week. If you don’t claim, your yields accrue in the revenue sharing vault, ready to claim whenever you desire.
Next Steps/Plan of Action
- Deploy our new contracts and activate the new pools
- Deactivate emissions for old pools (which will be visible in the inactive tab)
- 48 hours period where emissions will be paused to give our users the time to switch over to the new pools
- Activate LiquidDriver V2
We’re constantly working to advance the LQDR protocol with many more benefits, use-cases, and rewards in the pipeline for vested users. Thank you for your support, patience, feedback, and participation.
Fellow liquid homies, remember:
The bigger the TVL, the higher the weekly yields for xLQDR holders. Let’s spread the word about LiquidDriver across all the seas to make waves on Fantom and beyond!
Our channels:
Twitter: twitter.com/LiquidDriver
Discord: discord.gg/jMyffdRmTz
Telegram: t.co/HK0osVDNRp?amp=1
