This product will give traders the opportunity to earn passive LP returns without the risk of impermanent loss, an amazing development for Voltz and DeFi more broadly
LONDON (PRWEB) November 01, 2022
Voltz Protocol, DeFi's first synthetic interest rate swap (IRS) AMM, exceeds $120M in cumulative trading. This milestone was reached alongside Voltz and Mellow Protocol's launch of a liquidity provider optimizer vault, empowering traders to earn passive returns by providing liquidity. Given the structure of Voltz Protocol, where only one asset is required to be a liquidity provider, this will be the first LP optimizer vault that eliminates the risk of impermanent loss.
Impermanent loss is an inherent risk to DeFi wherein the token price changes relative to its pair between the deposit and withdrawal times. Voltz's elimination of impermanent loss is yet another demonstration of how Voltz is pushing the boundaries for AMM designs while making it easy for traders to earn passive LP returns.
Simon Jones, CEO & Co-Founder of Voltz Labs, said, "Voltz Protocol has been growing at a phenomenal rate since launching 4 months ago, with the protocol recently exceeding $120M in notional traded. Alongside this growth we’re excited to see the ecosystem of builders around the protocol starting to go live - the first being an LP Optimizer Vault powered by Mellow Protocol. This product will give traders the opportunity to earn passive LP returns without the risk of impermanent loss, an amazing development for Voltz and DeFi more broadly. ”
Nick S, core contributor of Mellow Protocol, said “Voltz Protocol launching the LP Optimizer Vault with Mellow Protocol eliminates barriers for traders while mitigating risks in a simplified process. The goal of Mellow is to build a robust ecosystem of tools for eliminating market inefficiencies while generating positive results for users. We believe LP optimization is pushing the boundaries of what was possible in TradFi and we’re grateful to be working with the Voltz Protocol to advance the use case.”
As an open-source, highly composable protocol, Voltz can is expected to act as a catalyst for a new wave of DeFi products that previously were unattainable. A vision reinforced by the announcement today. The Voltz Labs team supports developers with the guidance and resources they need to build on top of the Voltz Protocol with minimal friction. Voltz is growing at roughly 35-40% per week and recently passed $120M in cumulative trading since the protocol launched 4 months ago.
To learn more about Voltz, visit Voltz.xyz and follow them on Twitter @voltz.xyz.
For media inquiries, please contact Phil LeRoy at (310) 260-7901 or phil(at)melrosepr(dot)com.
About Voltz Protocol
Voltz Protocol is DeFi's first synthetic interest rate swap AMM and is up to 3,000x more capital efficient than alternative models. Interest rate swaps are a core pillar of TradFi, involving over $1,000tn notional exchanged each year, but have previously been accessible only to banks and other institutions. Voltz Protocol puts the power of rate trading into the hands of everyday traders and developers, ushering in a new era of composable, permissionless, and open-source financial products.