Weekly Update: SX Network, Qi DAO AMA, and Deep Liquidity
New Furnace Launch — SX Network
This week we announced a new addition to the Adamant Furnace and a partnership with the SX Network. With this partnership, Adamant will become the featured yield aggregator of SX Network’s DeFi ecosystem.
SX Network’s team has provided 53,010 ($30,000) SX tokens, so ADDY smelters can be rewarded SX over the next 30 days.
Adamant has also added a new boosted vault for their protocol, using the pool at Polycrystal: SX / WMATIC.
Qi DAO AMA
We were so excited to host the Qi DAO for our first ever AMA on Discord. Benjamin from the DAO was able to answer a lot of great questions, giveaway some Qi to attendees, and even leak a little alpha.
You can see the full transcript here.
You want new vaults? We got them! We deployed or updated 25 vaults this week alone.
- Quickswap: QUICK/UGT, WETH/UGT, WMATIC/USDT, TRADE/QUICK, TRADE/WETH, ANGEL/QUICK, QUICK/CNTR, USDC/MASK, QUICK/KOM, MEEB/QUICK, WMATIC/MAI, ELET/QUICK, XED/QUICK, OOE/QUICK, DHV/QUICK, XCAD/USDC, MONA/QUICK, MONA/USDT, MOONED/USDC, MOONED/QUICK, WOW/QUICK, and WOW/USDC
- Iron Finance: IRON-IS3USD and ICE/IRON
- SushiSwap: AVAX/WETH
- Curve: Atricrypto3
Want to learn about some of the tokens in these new vaults? See the list below:
- ANGEL: https://polylauncher.com
- CIOTX: https://iotex.io
- CNTR: https://cntr.finance
- DNXC: https://dinox.io
- EGG: https://loserchick.fi
- ELET: https://tcg.etherlegends.com
- FEAR: https://www.fearnft.games
- KOM: https://kommunitas.net
- MASK: https://mask.io
- MEEB: https://www.meebmaster.com
- REVV: https://www.f1deltatime.com
- TRADE: https://polytrade.finance
- UGT: https://unreal.finance/
Deep Liquidity, TVL Growth
The numbers at Adamant were big this week!
ADDY/WETH — $21 million in liquidity
We saw an all-time high for our ADDY/WETH pool with over $21 million in liquidity. This pool is still rewarding users with over 1000% APR for the longest locking period and has a base APR of over 345% without lock.
You can learn more about the ADDY/WETH vault here.
TVL: over $200 million
This week we also saw our total value locked grow to over $200 million. Almost $27 million of new deposits were made to our vaults in the last 7 days. Adamant remains the number one yield optimizer on Polygon and continues to grow at a healthy rate. You can get into a share of our profits by locking ADDY.
Speaking of locks? Over $750,000 worth of ADDY was locked yesterday alone.