What is Loop Finance (LOOP)? – AMM of Terra Blockchain. Huge airdrop up to 1 million dollars
What is Loop Finance (LOOP)? – AMM of Terra Blockchain. Huge airdrop up to 1 million dollars
https://www.loop.markets?ref=71531
Bonus
Round 1 of a community development project where quality articles are contributed from everyone. The motivation for writing that article was to receive the LOOPR token. You can stake LOOPR to get LOOP and there will be liquidity for this token. By the end of round 1, you have received thousands of dollars, right, that's great!
Currently the project is conducting round 2 airdrop, you can register an account by following this link:
https://www.loop.markets?ref=71531
After registering, you have 2 parts to earn a lot of Loops
- Go to the community you post, follow, like and comment, get Loopr weekly. The lowest is 100Loopr/week
- Go to the exchange, go to Farm, pool the Loop/UST or Loopr/UST pair
About Loop Finance:
AMM (Autonomous Market Makers) is currently very hot and is widely used in DEX (Decentralized Exchange), Loop Finance also provides such an exchange. The following article will give an overview of the Loop Finance project. Please refer!
Loop Finance is a project of Terra ecosystem, the main function of the project is AMM - Loop Markets floor like other AMMs such as: Sushiswap, Uniswap. In addition, the project also creates a community to share quality articles through the write2earn mechanism or also a place for NFT transactions.
Highlights of the project
Loop Markets-AMM DEX
Loop Markets will list many assets on Terra as well as other ERC-20 and SPL (Solana) tokens thanks to the Wormhole ETH-Terra-Solana bridge.
The initial transaction fee will be 0.5%.
0.3% will be given to liquidity providers.
0.1% will be distributed to Stake LOOP people.
0.1% to anyone doing a GUI or a referral.
Loop Wallet
The project will combine with Loop Wallet to support payments through cryptocurrency. Users will be able to pay with any token on Terra, and merchants will receive an amount of Stablecoins (via swap from Loop Market). This means that for every crypto payment in the Loop app, a corresponding Loop Markets DEX transaction occurs. Besides, transactions on Loop Wallet will be refunded in LOOP. The vision of the project is that through Loop Wallet users can pay for real-life products with the cryptocurrency contained in their wallet through e-commerce transactions. Currently, the wallet also has a partnership with Doordash - an online food ordering company.
NFT Trading Market
This feature is not available yet. But those who stake LOOP will also receive part of the fee like the DEX exchange.
Bonus
Currently the project also develops a community where quality articles are contributed from everyone. The motivation for writing that article was to receive the LOOPR token. You can stake LOOPR to get LOOP and there will be liquidity for this token.
Investor-Investor
The project is invested from other projects with the Terra ecosystem. And some other names like: Collider Labs, Accomplice.
Currently the project is conducting round 2 airdrop, you can register an account by following this link:
Partner – Partners
Loop Finance is currently working on many other projects within the Terra community and outside. Some notable names such as: Starterra, Angel Protocol, Pylon Protocol, Akash Network, Loterra, Spa, Neptune, Apollo, Kujira, ...
The project I appreciate is very high quality on the Terra blockchain platform. Hope you guys earn a lot of Loops!!