On June 23, 2022, LBank Exchange, a global trading platform for digital assets, listed My Liquidity Partner (MLP). The MLP/USDT trading pair is now officially available to all customers of LBank Exchange.
My Liquidity Partner (MLP) enables liquidity partners to receive a weekly passive income from a major DEX with over $1 Trillion U.S. Dollar in trading volume by utilizing their crypto within liquidity pools. Its native token MLP was listed on LBank Exchange on June 23, 2022, at 22:00 (UTC+8); in order to further broaden its worldwide reach and help it realize its mission.
Present My Liquidity Partner
My Liquidity Partner (MLP) is a method for its liquidity partners’ crypto to generate an additional source of passive. It employs their crypto within the liquidity pools, runs on Uniswap, and is able to offer its Liquidity Partners a WEEKLY return. It guarantees liquidity partners that it will match their ETH or BTC with its own coin.
As a partnership fee, Liquidity Partner of MLP earns between 0.75 percent and 2.50 percent of their Ethereum (ETH). Partner has the option of weekly payouts or “Hyper-Compounding”. Pools for BTC, SHIBA, and USDC are also accessible to these Liquidity Partners. The USDC pool offers a little lower weekly return rate, but its steadiness is praised (being a stable coin). The BTC pool is for individuals who wish to engage in a greater yield pool. As the minimal deposit is 0.5 BTC, it also has a pool for crypto natives holding SHIBA.
There are a number of advantages of MLP that customers will be able to enjoy. It includes returns of about 117 percent APR and 218 percent APY with Hyper-Compounding, and no lock-in period so that users can withdraw at any time. In addition, the platform absorbs all permanent risks connected with pool administration, not the Liquidity Partner.
MLP has a team of professionals from all over the world, and it provides a platform with advanced smart contract automation that has been properly designed. It is a highly secure platform, with customer care agents who are available every day, and before to participating, each partner must complete a comprehensive KYC approval.
The MLP Token
As a symbol of appreciation for My Liquidity Partner’s existing Liquidity Pool Partners’ participation in its programme, the MLP token is a loyalty incentive token. The token enables anyone who cannot afford to participate in the pool to join with the MLP token, and still receive incentives from the platform while having immediate access to liquidity. On a number of the top decentralised exchanges, the token will also serve as a staking and farming token.
MLP is based on ERC-20 and has a total supply of 10 billion (i.e. 10,000,000,000) tokens, of which 8 percent is provided for token sale, 10 percent is provided for incentives, 30 percent will be used for providing liquidity on DEX and CEX, another 30 percent is allocated for LP rewards, 8 percent is provided for reserve fund, 7 percent is allocated to the team and advisors, 5 percent is allocated to the community, ambassadors, and partners, and the remaining 2 percent will be burned.
The MLP token was posted on the LBank Exchange at 22:00 (UTC+8) on June 23, 2022. Anyone interested in the My Liquidity Partner program can buy and sell MLP tokens on the LBank Exchange immediately. MLP’s listing on LBank Exchange will surely help it expand its operations and attract more market attention.
