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Peanut.trade is a DeFi price balancer. It protects LPs from impermanent losses, reduces slippage, and increases the profits of liquidity providers by suppressing large-value DEX transactions and price changes of corresponding assets on CEX. It has been integrated into the Curve platform to reduce the risk of slippage and impermanent loss. It divides the assets of liquidity providers into two parts: 90% is used to provide liquidity on Uniswap (or through other DEX), and 10% is used for automatic multi-level price balancing between Uniswap, other DEX and CEX.
NUX is an ERC20 token that powers the Peanut protocol.
NUX Utility Functions
In order to perform token rate balancing on CEX and DEX platforms, it is not enough to have an efficient algorithm. It's just a tool. It won't work without a lot of crypto assets. Peanut will provide a portion of such assets from its own reserves. However, the majority of such assets will be provided by third parties who will earn passive income by lending their own resources. Anyone from individuals to investment funds can become such a Liquidity Provider (LP).
In order to increase the liquidity of the Peanut pool, users will need to deposit NUX tokens. Otherwise, Peanut's algorithm will not be able to perform balanced operations based on user liquidity.
NUX tokens enable our algorithm to work with your assets. Liquidity providers (or ordinary users) should have enough NUX so that the Peanut balancing mechanism can start operating their liquidity. After making a profit, a 10% fee will be charged from NUX tokens.