with the paint barely dried,
the ReserveLending platform has been updated and improved with a fresh look as well as some brand new features!
This update is way more than just new colors and layouts. These look and feel improvements put us on course towards providing a one-stop shop for crypto wealth management, bridging crypto and traditional products, and providing greater utility for eRSDL holders. The eRSDL community has spoken in forums, through snapshot votes and direct outreach. We’ve listened, and many of those features long sought after are now available!
Single-Sided LP Tool for Uniswap
For the first time anywhere, you have first-mover access to a user-friendly Uniswap single-sided Liquidity Pool interface!
For those who are new to the blockchain space and wondering what Uniswap is and why anyone should care, let’s take a moment for a deeper dive.
Uniswap is an automated market maker (AMM) protocol that relies on a series of smart contracts on top of Ethereum that automates this price matching (or price discovery) process. It allows its users to swap one token for another by interacting directly with the smart contracts, no intermediaries needed.
Because Uniswap is a decentralized AMM protocol, anyone can participate by providing assets as liquidity and earn a fee in return just for doing so. Your assets will go to work for you while you sleep!
With the introduction of Uniswap V3 earlier this spring came several new features to an already robust protocol. One of these new features is Range Orders. The Range Order feature is what we are leveraging to be able to provide users access to a single-sided Liquidity Pool.
In typical order book markets, anyone can easily set a limit order: to buy or sell an asset at a specific predetermined price, allowing the order to be filled at an indeterminate time in the future.
With Uniswap V3, one can approximate a limit order by providing a single asset as liquidity within a specific range. Like traditional limit orders, range orders may be set with the expectation they will execute at some point in the future, with the target asset available for withdrawal after the spot price has crossed the full range of the order.
Unlike some markets where limit orders may incur fees, the range order maker generates fees while the order is filled. This is due to the range order technically being a form of liquidity provisioning rather than a typical swap. Source: Uniswap
So you might be asking, how can I leverage these new features introduced by Uniswap? Well, this is where we make things as easy as possible by providing a simple-to-use interface! A user can supply eRSDL and select either USDC, USDT or ETH (fig 1–1) as the pair they would like to provide liquidity for in Uniswap and earn rewards (fees from swaps). The target price range of the pool is set to a slightly higher price than the current asset price (fig 1–1). This allows users to only provide one asset for liquidity to Uniswap. However, once the asset price moves into this range, users will start to earn fees in eRSDL as well as the other asset a user selected (USDC, USDT, or ETH).
We understand this may be a lot to wrap your head around.
Below you will find a summary of the enhancements you will notice on the platform along with some useful screenshots on how the Single-Sided Liquidity Pool functionality works.
Single-Sided Liquidity Pool
As Uniswap has the greatest volume, you now have the opportunity to earn fees by creating a single-sided liquidity pool right inside ReserveLending.
Think of this as your one-stop shop to summarize everything related to eRSDL and your assets on ReserveLending. Due to the fact that there are now liquidity pools available, we wanted to present everything in an organized and user-friendly layout.
You might not notice anything flashy from the new appearance, but there was a lot of work done behind the scenes to improve the overall user experience and application performance. Along with performance enhancements, you will also notice an Ethereum gas/gwei tracker (fig 1–2) which we’ve introduced at the top of the application.
You can watch How-To videos and learn more in: The Education Center
Check back again soon — we are in the lab updating these videos to guide you through the new look and latest enhancements.
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