Elrond Partners with BEPSwap for Instant Token Swaps

ta1979 (28)in #erd • 5 years ago

https://medium.com/thorchain/elrond-erd-joins-as-bepswap-launch-partner-36e6a238ad1d

Elrond, a scalable value transfer protocol, is joining the BEPSwap Platform to provide liquidity to ERD token holders.

BEPSwap

BEPSwap was announced on 10th of July 2019 as a new way to swap and stake BEP2 assets.

BEPSwap will allow any BNB or BEP2 holder to swap BEP2 tokens at market prices — instantly from their wallet. They do this by sending their tokens into pools containing liquidity, which performs the swap instantly based on the ratio of assets in the pool.

This means anyone can maintain the liquidity of the pool and be incentivised to ensure it matches fair market price. This pool becomes a source of a trustless on-chain price feed, free from manipulation because no one can move the price without the market reacting.

Elrond on BEPSwap

Elrond is powered by the $ERD token which requires deep liquidity in order to be useable across the network. The ERD token is bonded by validators to secure the network and thus must have excellent price discovery.

As such, ERD is listed on Binance DEX to allow a wider market exposure and is an excellent project to join the BEPSwap platform.