LiquidityFolio Implementation Grant
LiquidityFolio is a platform dedicated to provide tools for people to track and manage liquidity pools across multiple DeFi projects. It was built by @federiconitidi and it is better than the rest by being able to calculate the specific cases of impermanent loss, the ROI of the liquidity provided and the expected adjusted APR based on the historical trend of each asset and LP. Also captures the advantages of staking into Yield Farms for each pair, if they exist.
A lot of significant LP providers use this platform because of these advantages.
Demo Version for a quick look: Link
The rationale to back this proposal is that we need to increase liquidity on honeyswap, in order to be prepared for an inflow of funds coming for the new projects that 1hive is launching next month. This platform caters to a lot of LP providers that will for sure take a closer look at honeyswap now that they can have the same level of data to make an informed decision.
Another good thing is that the platform is free to use unless if you have over $50k in LP on one of the tracked swaps. That goes in line with the 1hive philosophy that it’s a service for everyone.
We may also eventually want to integrate their API into Honeycomb.
Expected duration or delivery date (if applicable):
1 to 2 weeks
Team Information (For Funding Proposals)
Skills and previous experience in related or similar work:
He has listed prior another DEX before that work just like Honeyswap.
Funding Information (For Funding Proposals)
Amount of HNY requested: 10 HNY
Ethereum address where funds shall be transferred: 0x20AEc996ce9d508A7F51b2A217bf6a87B6be0EF1
More detailed description of how funds will be handled and used:
The funds will go towards integrating Honeyswap and the Sustainable Farms in the future.