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.

Learn more about the partnership here. The announcement from the SX Network team is available here.

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.

New Vaults

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:

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.

Adamant Finance Links

Website: https://adamant.finance/
Telegram: https://t.me/adamantfinance
Discord: https://discord.gg/69ureKKYz2
Github: https://github.com/eepdev/adamantfinance
Twitter: https://twitter.com/AdamantVault

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Adamant Finance

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The #1 Autocompounder and Yield Optimizer for Polygon and Arbitrum

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