Gasp Unleashes Singularity Pools — Get In Before the Snapshot!
GM Gasp Natives! We’re always looking for innovative ways to enhance liquidity and reward our earliest supporters, and as the clock ticks towards the next phase of the Gasp DEX, we’re kicking it up a gear.
That’s why we’re unleashing our new “Singularity Pools,” a unique and time-limited initiative designed to maximize liquidity depth and enrich swap routing paths shortly before the GASP token becomes tradable. As we’re still in our rewards phase, contributing to Singularity Pools makes you eligible for a larger portion of our next airdroplet, with the highest portion of rewards delivered to those participants who are earliest to the pool, and contribute the most, so timing is key!
You can find Singularity Pools under the ‘Pools’ tab in the left-hand navigation menu in our app, where you’ll see a special ‘Singularity Pools’ tab! But what are Singularity Pools, and why should you contribute to them?
What Are Singularity Pools?
Singularity Pools are a time-limited, special type of promoted liquidity pool created by the Gasp team. These pools are formed using GASP tokens and serve as a bootstrapping mechanism during the platform’s alpha phase. Singularity Pools are offered as a single event where there is limited time to participate and add liquidity - with high rewards for those who join the Singularity event. To be clear, those participating in the Singularity Pools will be considered for higher rewards as part of our incentivized Alpha Launch!
The main goals of Singularity Pools are threefold:
- Reward Early Supporters: By offering attractive, boosted APY rewards, we aim to give back to our early community members who have supported Gasp from the start.
- Increase Pre-Tradability TVL: Seeding liquidity early helps boost the total value locked (TVL) on the platform, laying a solid foundation for future growth ahead of our imminent tradability deadline!
- Enhance Swap Routing: Rich liquidity depth across these pools improves the efficiency of swap routing paths, ensuring smoother and more cost-effective transactions once trading commences.
The Singularity Pools available from launch include:
- GASP / USDT(eth)
- GASP / ARB
- GASP / ETH
- GASP / LBTC(base)
- GASP / EIGEN
As in all liquidity pools, APY’s will be very high at launch, approaching stabilization once more liquidity is provided. Please note, as GASP is currently non-tradable, you won’t be able to withdraw liquidity until tradability becomes available… But you won’t have to wait long! ⏰
Check out the Singularity Pools here: https://app.gasp.xyz/pools/singularity