Elephant Swap: Provide arbitrage space in the crypto market with ePLATO

Since April this year, after experiencing the de-anchoring of UST and the successive "bankruptcies" of leading investment institutions and unicorn CeFi platforms, the crypto industry has ushered in an unprecedented development crisis. On the one hand, market confidenceInsufficient or even panic, which led to the accelerated flight of funds, on the other hand, the slow growth of the overall market led to weak returns in various sectors, making it difficult for investors to obtain considerable returns, and the market further fell into a new round of vicious circles.

Of course, even if the overall market is in a downward cycle, there are still many profit opportunities in the crypto market. The new LaaS protocol Elephant Swap is using its unique LaaS solution to inject confidence into the recovery of liquidity in the DeFi market, and at the same time for investmentIt brings a very considerable arbitrage space.At present, Plato Farm is the first project to use the Elephant Swap liquidity service. Investors can pledge their PLATO assets to Elephant Swap to obtain ePLATO at 1:1 and obtain potential premium income.According to the latest price, the current price of PLATO is 0.00287USDT, while the premium of ePLATO has reached 0.052USDT, so every arbitrageur can get a lot of arbitrage space from it.

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Elephant Swap is so sacred, why can it magnify the value of PLATO so much?

Attracting other investors through considerable incentives, injecting funds into the fund pool to provide liquidity is the main idea. For example, if I hold 3 Ethereum and a large amount of USDT in my hand, I can put these funds into theSome capital pools to get incentives to improve capital utilization.Therefore, how to provide incentives and mobilize the enthusiasm of these fund holders to provide liquidity is always a problem that we need to think about.

Although the LaaS (liquidity as a service) track has developed to a certain height at the end of last year, whether it is the "mercenary" form of liquidity mining, or the existing LaaS agreement is still a single generationCoins are used as incentives, and these LaaS protocols no longer work when the market faces a downturn.Elephant Swap is an emerging protocol written on the LaaS track. It has built a new incentive method that does not depend on a single token. The liquidity effect will not be affected by the external market. At the same time, any liquidity needs such as DeFi projects and encrypted assets can be used in Elephant.Get liquidity services in Swap.

The mechanism of Elephant Swap is well understood. If a crypto asset wants to obtain liquidity, it needs to go online on Elephant Swap and build a pool of the TOKEN, and whenever the TOKEN is pledged in the pool, the contract of Elephant Swap willThe locked eTOKEN will be minted 1:1 (the initial anchor is 3 times the original TOKEN price), and the holders of the locked eTOKEN need to conduct transactions in Elephant Swap, such as liquidity mining, pledge, DEX trading, etc.In order to obtain the speed of unlocking eTOKEN, the higher the transaction frequency and the larger the transaction volume, especially the more eTOKEN unlocked in the transaction, the higher the unlocking speed obtained. After the eTOKEN is unlocked, you can trade and make profits.