BitMart, a premier global digital asset trading platform, will list and debut LOVELY SWAP TOKEN (LST) on July 18, 2022. For all BitMart users, the LST/USDC trading pair will be officially available for trading at 05:00 AM EDT.
What is LOVELY SWAP TOKEN (LST)?
LOVELY V3 Swap is a noncustodial automated market maker implemented for the Binance Smart Chain Virtual Machine. In comparison to versions 1&2 of the SwapsLOVELY V3 Swap provides increased capital efficiency and fine-tuned control to liquidity providers, improves the accuracy and convenience of the price oracle,and has a more flexible fee structure.
New Features
Concentrated Liquidity: Liquidity providers(LPs)are aiven the ability to concentrate their liquidity by”boundina” it within an arbitrary price range. This improves the pool’s capital efficiency and allows LPs to approximate their preferred reserves curve, while still being efficiently aggregated with the rest of the pool.
Flexible Fees: The swap fee is no longer locked at0.30%.Rather,the fee tier for each pool (of which there can be multiple per asset pair) is set on initialization.The initially supported fee tiers are 0.05%0.30% and 1%.
lmproved Price Oracle: LOVELY V3 Swap provides a way for users to query recent price accumulator values, thus avoiding the need to checkpoint the accumulator value at the exact beginning and end of the period for which aTWAP is being measured.
Liquidity Oracle: The contracts expose a time-weiahted average liquidity oracle.The V2 Swap’s contracts are non-upgradeable by design,so LOVELY V3 Swap is implemented as an entirely new set of contracts,available here.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 9 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About LOVELY SWAP TOKEN (LST)
LOVELY V3 Swapa novel AMM that gives liquidity providers more control over the price ranges in which their capital is used,with limited effect on liquidity fragmentation and gas inefficiency. This design does not depend on any shared assumption about the price behavior of the tokens. To learn more about LOVELY SWAP TOKEN (LST), please visit their Website, follow their Twitter and join their Telegram.
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