With the explosion of DeFi, more and more users have become accustomed to using exchange functions like Uniswap, not just the order book trading model.
When the DEX gradually grows, some CEXs try to break through. For example, Binance launched Combined Convert & OTC Trading Portal. In fact, this centralized function is actually very similar to the AMM liquidity pool, which requires users to provide liquidity and automatically make the market; coupled with the platform, the gas fee is also relatively low, and the transaction cost is lower.
How to find one’s own positioning and value on the fiercely competitive encrypted track has become the top priority of CEX.
Since its successful acquisition of SoftBank investment last year, ZT is striding towards internationalization. ZT proposed the smart chain ZSC, and launched new products such as Pledged Loan, relying on its own characteristics, and constantly changing and developing.
In the change, ZT is also actively taking advantage of the advantages of DEX, and will launch the AMM fund pool from 10:00 on May 9, 2022 (UTC+8). According to the official statement, the AMM (Automated Market Maker) launched by ZT this time is a further improvement of the ZT ecosystem. More importantly, the launch of AMM can open up more opportunities for users to participate in the ZT ecological construction. It can also break through the uniswap automatic market maker (AMM) mechanism while solving the problems of poor liquidity and poor market depth in some trading markets. Due to the limitations caused by expensive gas fees, the user transaction experience is improved, so that more users can participate in the liquidity construction of the platform and benefit from it.
What is AMM?
AMM, also known as automated market maker, is one of the key technologies of decentralized exchanges (DEX), which can create and run publicly available on-chain liquidity for a range of different tokens, and is the most influential DeFi today One of the innovations.
AMM fundamentally changes the way users trade cryptocurrencies. Unlike the traditional order book trading model, both parties to AMM are interacting with the on-chain liquidity asset pool. Liquidity pools allow users to seamlessly switch between tokens on-chain in a fully decentralized and non-custodial manner. Liquidity providers, on the other hand, earn passive income through transaction fees, which are based on a percentage of their contribution to the asset pool.
ZT launches AMM fund pool
ZT will be listed on AMM from now on, and ETH/USDT, VOLLAR/USDT, BabyDoge/USDT, BNB/USDT, GMT/USDT trading pools will be opened simultaneously.
At the same time, the market rules under the AMM model will also be redefined:
1) Both Taker and Maker use a fixed 0.2% handling fee, and the handling fee rules are consistent with the platform handling fee rules;
2) Everyone can become a Liquidity Provider (LP) by providing liquidity and get the fee reward of the liquidity pool. A certain percentage (30%-100%) of the fee income in the trading market will be automatically distributed to users who add liquidity3) Liquidity providers provide liquidity to the market, but need to bear impermanent losses;
3) Liquidity providers provide liquidity to the market, but need to bear impermanent losses;
4) Liquidity providers can claim bonus pool rewards or withdraw within 24 hours after adding new liquidity.
How to participate in AMM as soon as possible?
Select the APP homepage – “Liquid Swap” or the top navigation bar of the Official website – “Liquid Swap”; then select the mining pool you want to trade, click [More Reward], and you can fill in the required additions on the jump page. Quantity, check “《Liquidity Mining Service Agreement》“, and click [Add].
As one of the ecological builders of the crypto industry, ZT always adheres to the healthy development of diversified ecology, continuously integrates DEX and CEX, accelerates the construction of a DeFi ecology based on a centralized platform, explores more revenue channels for users, and allows more users to achieve depth Opportunities to participate in platform construction to achieve a win-win situation.
