Backd is bringing reactive liquidity to DeFi
Hello everyone! My name is Max and I'd like to take a moment to share what we are working on at Backd! We recently launched on Kovan testnet and will soon be deploying the protocol to mainnet.What is Backd?Backd is a trustless and interest generating protocol that maximizes the power of users' assets. Users can vastly increase the efficiency of their capital by providing liquidity on Backd. The Backd protocol reactively delegates user liquidity to where it is the most efficient by deploying novel-multi utility liquidity pools, yield-farming strategies, off-chain bots (keepers) and customizable actions.To put things simply, Backd is a protocol that will automatically send your liquidity to where it is the most efficient. If your assets are not needed elsewhere, they remain in Backd where they earn compounded yield and Backd rewards. If market conditions create a situation where your assets are more efficient in a different protocol or position, your liquidity will automatically shift.Backd is a relatively complex protocol so there is a lot of information to digest. With this being said, I wanted to keep this post to a short intro. For more information on Backd, please check out the link above!
Ingrandisci immagine - Repost: Backd is bringing reactive liquidity to DeFi (from Reddit.com)
Hello everyone! My name is Max and I'd like to take a moment to share what we are working on at Backd! We recently launched on Kovan testnet and will soon be deploying the protocol to mainnet.What is Backd?Backd is a trustless and interest generating protocol that maximizes the power of users' assets. Users can vastly increase the efficiency of their capital by providing liquidity on Backd. The Backd protocol reactively delegates user liquidity to where it is the most efficient by deploying novel-multi utility liquidity pools, yield-farming strategies, off-chain bots (keepers) and customizable actions.To put things simply, Backd is a protocol that will automatically send your liquidity to where it is the most efficient. If your assets are not needed elsewhere, they remain in Backd where they earn compounded yield and Backd rewards. If market conditions create a situation where your assets are more efficient in a different protocol or position, your liquidity will automatically shift.Backd is a relatively complex protocol so there is a lot of information to digest. With this being said, I wanted to keep this post to a short intro. For more information on Backd, please check out the link above!
Ingrandisci immagine - Repost: Backd is bringing reactive liquidity to DeFi (from Reddit.com)
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