Providing liquidity, what does that mean?
LP(Liquidity Providing/Liquidity Pools) enables users to trade tokens seamlessly.
Pancakeswap is such a DEX on which DITTO is tradable on a pair with wrapped BNB.
Liquidity pools aim to successfully address the low liquidity problem and guarantee that the token price does not swing significantly after performing the order of a single large trade.
Why are Liquidity Pools Important for DITTO? 🤔
Providing and increasing the trading pair’s liquidity secures DITTO’s price and stabilizes it over a long period.
Users providing liquidity also enhance the project’s decentralized nature, with less of the total liquidity being the original amount that the team provided.
As an incentive for Liquidity providing, $DITTO or tokens of our partner pools are being distributed amongst LP token holders.
How to join a Liquidity Pool and Stake your LP tokens/$DITTO/Partner tokens for massive gains???
Often referred to as a single staking pool, deposit asset x, earn asset x or y. (sometimes both or maybe even more, depends on promotions.)
Often referred to as LP staking/Farm, deposit LP tokens (BNB + DITTO), earn asset x or y. (sometimes both or maybe even more, depends on promotions.)
Often referred to as Vaults, deposit LP tokens (BNB + DITTO), earn asset x or y. (sometimes both or maybe even more, depends on promotions.)
Most Vaults are (auto)compounding, unlike Farms.
Through each rebase, users’ token balance changes, however, the overall percentage ownership remains constant holding $DITTO.
Holding through rebases, both positive and negative, relative to the $1 target price helps the $DITTO protocol finding it’s supply/demand balance as the market cap grows.
Updating article as new farming options appear, $xDITTO guide soonTM :)
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Happy farming! 🚀💸