Armadillo Offers Impermanent Loss (IL) Protection on QuickSwap’s V2
Armadillo is offering optional insurance to protect QuickSwap liquidity providers (LPs) from Impermanent Loss (IL). As a special promotion, Armadillo is allowing QuickSwap’s LPs to try it for free for up to $1k and offering a 10% discount on the total value for those who want to try it out for larger LP positions.
- Liquidity providers risk IL when they provide liquidity for a DEX
- Meanwhile, DEX users rely on LPs to trade their favorite assets
- CVI offers Armadillo insurance to protect LPs from IL
- QuickSwap is making this product available to LPs who want to try it out
- Armadillo will provide up to $1k in free protection and a 10% discount after that, along with a free NFT for QuickSwap’s users who opt in
- This promotional offer is available for 1 month, from today, September 21, 2022 — October 21, 2022
- This insurance is available only for select pairs on V2
- The Armadillo team is developing models for V3 and plans to add them in the near future
- Read more about it below, then join the Twitter Spaces today (9/21) at 15:00 UTC (8 am PDT) to ask the team anything you what to know
- Please note: QuickSwap does not manage or endorse this product. We always encourage users to do their own research and take responsibility for their financial decisions
Read the full article on our official blog here: https://blog.quickswap.exchange/posts/armadillo-impermanent-loss-il-protection
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