Gambit x Autofarm
We have had an exciting round of discussions with Autofarm and are happy to announce a long-term partnership between Gambit and Autofarm.
Additional details of more in-depth collaboration will be announced further down the line, but to kick things off, we will be launching an AUTO-USDG pool on Gambit with xGMT rewards. Autofarm will also be adding Gambit farms and providing $AUTO emissions to the GMT-USDG, xGMT-USDG, AUTO-USDG vaults.
The emissions will be as follows:
- 1500 xGMT distributed over nine months for AUTO-USDG
- 0.03x $AUTO multiplier for GMT-USDG, xGMT-USDG, AUTO-USDG vaults
500 xGMT will be withdrawn from the Treasury to provide rewards for the first three months of the AUTO-USDG farm, the remaining 1000 xGMT will be withdrawn in three and six months time. The xGMT/USDG LP tokens provided by the team for the Gambit mainnet launch will also be withdrawn at this time and the excess USDG will be burnt to increase the over-collateralisation of USDG.
The AUTO-USDG farm will be launched on 18 May 2021 while the Gambit Autofarm vaults will be launched on 19 May 2021.
Autofarm is a leading cross-chain DeFi hub consisting of a suite of intuitive, user friendly and cost-efficient decentralised products; vaults (yield optimizer), AutoSwap (DEX Aggregator), farmfolio (intelligent dashboard tracking), AutoAnalytics, AutoTrade & AutoPortfolio which are set to go live later this year.
Website : https://autofarm.network
Twitter : https://twitter.com/autofarmnetwork?s=21
Discord : https://discord.gg/bJ9ZsypQzv
TG Chat : https://t.me/autofarm_network
Gambit is a new automated market maker (AMM) protocol that enables interest-generating stablecoins, zero-slippage swaps and leverage trading.
Website : https://gambit.financial/
Twitter : https://twitter.com/GambitProtocol
Discord : https://discord.gg/cxjZYR4gQK
TG Chat : https://t.me/GambitProtocol