The Alium development team is delighted to announce that the vampiring function has been introduced on the platform and is available starting from the 29th of July.
Liquidity migration, or vampiring, is a process that allows users to transfer their liquidity from one exchange to another within the same chain, utilizing the most profitable rates on offer across various protocols and exchanges. The introduction of the given function on the Alium exchange is needed to allow users to easily transfer their liquidity from other DEXs to Alium.Finance for farming ALM tokens with a greater degree of convenience and profitability. The BSC, Ethereum, and Polygon blockchains, as well as the exchanges they support will be made available via the vampiring function.
The list of exchanges available for liquidity migration:
On Ethereum protocol: Uniswap V2, Sushiswap,
On Binance Smart Chain: Pancake, MDEX
On Polygon network: Quickswap, Dfyn Network
The list of token pairs available for liquidity migration:
On Ethereum protocol: USDC/ETH, USDC/USDT, WBTC/ETH, DAI/USDC, ETH/USDT, USDC/ETH, UNI/ETH, MKR/ETH, WBTC/USDC, DAI/USDT
On Binance Smart Chain: CAKE/WBNB, WBNB/BUSD, USDT/BUSD, USDT/WBNB, ETH/WBNB, USDC/BUSD, ETH/BTCB, BTCB/BUSD, BTCB/WBNB, USDT/USDC
On Polygon network: USDC/miMATIC, USDC/WETH, WBTC/WETH, USDC/USDT, WMATIC/WETH, WETH/USDT, USDC/DAI, WETH/AAVE, LINK/WETH, WMATIC/USDC
Additional pair with ALM token: ALM/USDT, ALM/BNB, ALM/BUSD, ALM/CAKE, ALM/ETH, ALM/MATIC, ALM/WHT
Alium.Finance will also be introducing Smart Farming at the end of August as a format of ALM token yield farming. Smart Farming will involve three stages with varying amounts of token distributions that will be applicable across multiple blockchains, such as the BSC, Ethereum, and Polygon.
An additional feature that will be launched as part of the Smart Farming concept is the Strong Holders Pool, which is designed to retain the value of the tokens and add an element of gamification to the DEX.
An important update will also be released in the near future to ensure the availability of cross-chain liquidity swap solutions between chains.
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