🧮 700 Cross-Chain Transfers via Minter Hub
A month into its operation, Minter Hub processed 700 transactions between Minter and Ethereum! You can view all of them in Etherscan.
On Minter’s part, you can watch the transfers on the page of Minter Hub’s MultiSig address (it shows fee distribution and other types as well). Use filters:
— IN: withdrawal from Minter to Ethereum
— OUT: deposit from Ethereum to Minter
To deposit or withdraw, use Minter Console.
A month into its operation, Minter Hub processed 700 transactions between Minter and Ethereum! You can view all of them in Etherscan.
On Minter’s part, you can watch the transfers on the page of Minter Hub’s MultiSig address (it shows fee distribution and other types as well). Use filters:
— IN: withdrawal from Minter to Ethereum
— OUT: deposit from Ethereum to Minter
To deposit or withdraw, use Minter Console.
🔷 ETH Is Live on Minter
Today, Minter has added support for Ether. Since the ETH itself is not a token, for some time, cross-chain transfers will be made using wETH that you’ll first need to convert the real ETH into. You can do that on Uniswap at the 1-to-1 ratio and no fees.
How to send Ether to Minter:
— Swap ETH for wETH on Uniswap (1:1)
— Make a deposit from Ethereum to Minter
— View the list of ETH pools on Minter to find the trading pairs you need
Why wETH?
The original ETH is not an ERC-20 token. Since Ethereum-powered DEXes use smart contracts that allow tokens to be swapped only if they are of the same standard, wrapped Ether—or wETH—was invented. This token makes it possible to swap Ether for the rest of the tokens on Uniswap and other decentralized platforms.
P.S. Don’t forget to specify 'Min/Max Amount' to avoid big slippage. Always double-check the rate at the time of making a swap.
Today, Minter has added support for Ether. Since the ETH itself is not a token, for some time, cross-chain transfers will be made using wETH that you’ll first need to convert the real ETH into. You can do that on Uniswap at the 1-to-1 ratio and no fees.
How to send Ether to Minter:
— Swap ETH for wETH on Uniswap (1:1)
— Make a deposit from Ethereum to Minter
— View the list of ETH pools on Minter to find the trading pairs you need
Why wETH?
The original ETH is not an ERC-20 token. Since Ethereum-powered DEXes use smart contracts that allow tokens to be swapped only if they are of the same standard, wrapped Ether—or wETH—was invented. This token makes it possible to swap Ether for the rest of the tokens on Uniswap and other decentralized platforms.
P.S. Don’t forget to specify 'Min/Max Amount' to avoid big slippage. Always double-check the rate at the time of making a swap.
☀️ Summer Farming Program #4: USDCE-MUSD
Fourth in our summertime series is a farming program for the USDCE-MUSD pool with 0.1% daily.
Terms:
— Pool for farming: USDCE-MUSD
— Timeframe: Jun. 4, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.1% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
Fourth in our summertime series is a farming program for the USDCE-MUSD pool with 0.1% daily.
Terms:
— Pool for farming: USDCE-MUSD
— Timeframe: Jun. 4, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.1% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
☀️ Summer Farming Program #5: USDTE-MUSD
Fifth in our summer series is a farming program for the USDTE-MUSD pool with 0.1% daily.
Terms:
— Pool for farming: USDTE-MUSD
— Timeframe: Jun. 4, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.1% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
Fifth in our summer series is a farming program for the USDTE-MUSD pool with 0.1% daily.
Terms:
— Pool for farming: USDTE-MUSD
— Timeframe: Jun. 4, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.1% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
☀️ Summer Farming Program #6: HUB-MUSD
Here comes yet another farming initiative of the summer—this time, for the HUB-MUSD pool with 0.2% daily.
Terms:
— Pool for farming: HUB-MUSD
— Timeframe: Jun. 7, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.2% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
Here comes yet another farming initiative of the summer—this time, for the HUB-MUSD pool with 0.2% daily.
Terms:
— Pool for farming: HUB-MUSD
— Timeframe: Jun. 7, 2021–Aug. 31, 2021
— Participants: everyone supplying liquidity to the pool
— Rewards: 0.2% per day on the volume provided
— Payouts in BIP
— Snapshots of providers are taken on a daily basis at a random time
— Rewards are distributed in multi-send transactions on a daily basis at a random time
First rewards have been accrued already (Tx).
📌 Useful links:
• How to transfer tokens from Ethereum to Minter (guide)
• How to use Minter’s liquidity pools (guide)
👨🌾 We’ve prepared a curated list of Minter Network’s up-to-date farming programs.
Dates, 24-hour rewards, payout coins, and useful links—now in a single place!
The terms and the list itself are subject to change.
🗒 View »
Dates, 24-hour rewards, payout coins, and useful links—now in a single place!
The terms and the list itself are subject to change.
🗒 View »
ETH has never been more convenient!
From now on, you don’t need to wrap your Ether into the wETH token to make a deposit to Minter. The Console will do that for you; all you need to do is confirm the transaction. It’ll cost you just a dollar or two.
Any Ethereum network user has ETH and can now transfer it to Minter at a low fee and high speed.
https://console.minter.network/hub
From now on, you don’t need to wrap your Ether into the wETH token to make a deposit to Minter. The Console will do that for you; all you need to do is confirm the transaction. It’ll cost you just a dollar or two.
Any Ethereum network user has ETH and can now transfer it to Minter at a low fee and high speed.
https://console.minter.network/hub
🤑 How to Earn on Stablecoins with Minter
A stablecoin is a coin, whose rate in most cases is tied to a national currency. Today, Minter has three such coins, and they all represent the U.S. dollar (USD).
How do you earn? To cut a long story short, there are three strategies—arbitrage, liquidity mining, and farming.
💸 More Detail »
A stablecoin is a coin, whose rate in most cases is tied to a national currency. Today, Minter has three such coins, and they all represent the U.S. dollar (USD).
How do you earn? To cut a long story short, there are three strategies—arbitrage, liquidity mining, and farming.
💸 More Detail »
Medium
How to Earn on Stablecoins with Minter
In this article, we review dollar stablecoins, whose prices experience minimum volatility in relation to the U.S. dollar…
💲 6 More Stablecoins on Minter
Yesterday, Minter has added support for six new USD stablecoins that are already available for deposit and withdrawal. Those are the most popular and the most traded ones.
List:
— BUSDE on Minter (ERC-20: BUSD, Binance USD)
— DAIE on Minter (ERC-20: DAI, Dai Stablecoin)
— USTE on Minter (ERC-20: UST, Wrapped UST Token)
— PAXE on Minter (ERC-20: PAX, Paxos Standard)
— TUSDE on Minter (ERC-20: TUSD, TrueUSD)
— HUSDE on Minter (ERC-20: HUSD, HUSD)
Earlier, Minter Network saw the addition of USDTE and USDCE. The arrival of new stablecoins brought their total number to 8. Their capitalization (as well as circulating volume) amounts to over $106 billion (6.5% of the total crypto market cap), and they are all ranking in the CMC’s top 100. Reminder: Minter also has its own internal stablecoin called MUSD.
To deposit and withdraw these stablecoins, use the section of the same name in Minter Console.
Yesterday, Minter has added support for six new USD stablecoins that are already available for deposit and withdrawal. Those are the most popular and the most traded ones.
List:
— BUSDE on Minter (ERC-20: BUSD, Binance USD)
— DAIE on Minter (ERC-20: DAI, Dai Stablecoin)
— USTE on Minter (ERC-20: UST, Wrapped UST Token)
— PAXE on Minter (ERC-20: PAX, Paxos Standard)
— TUSDE on Minter (ERC-20: TUSD, TrueUSD)
— HUSDE on Minter (ERC-20: HUSD, HUSD)
Earlier, Minter Network saw the addition of USDTE and USDCE. The arrival of new stablecoins brought their total number to 8. Their capitalization (as well as circulating volume) amounts to over $106 billion (6.5% of the total crypto market cap), and they are all ranking in the CMC’s top 100. Reminder: Minter also has its own internal stablecoin called MUSD.
To deposit and withdraw these stablecoins, use the section of the same name in Minter Console.
Forwarded from Minter Dev Notifications
🚀 The First 1,000 Cross-Chain Transfers
https://etherscan.io/tokentxns?a=0xc735478ef7562ecc37662fc7c5e521eb835f9dab
Volumes by coin:
- 60 343 HUB ($6 637 730)
- 760 745 USDT ($760 745)
- 66.38 ETH ($167 590)
- 156 059 USDC ($156 059)
- 1.26 BTC ($50 459)
The total worth of assets transferred between the chains stands at $7 772 583, while the worth of coins under management of Minter Hub amounts to $3 917 522.
Since the introduction of tokens whose transfers come at a fee, HUB delegators received $11 348 (in 24 days). You can also take part in the distribution of rewards by delegating your HUB to Minter Hub oracles.
https://etherscan.io/tokentxns?a=0xc735478ef7562ecc37662fc7c5e521eb835f9dab
Volumes by coin:
- 60 343 HUB ($6 637 730)
- 760 745 USDT ($760 745)
- 66.38 ETH ($167 590)
- 156 059 USDC ($156 059)
- 1.26 BTC ($50 459)
The total worth of assets transferred between the chains stands at $7 772 583, while the worth of coins under management of Minter Hub amounts to $3 917 522.
Since the introduction of tokens whose transfers come at a fee, HUB delegators received $11 348 (in 24 days). You can also take part in the distribution of rewards by delegating your HUB to Minter Hub oracles.
✨ Cross-Chain Transfer Fee Cashback Program
The program consists of two parts:
1. For transfers of stablecoins made starting June 15
2. For transfers of any tokens made until June 15
⭐️ Offering No. 1: Up to 2% on Stablecoin Transfers
This offering will allow users to get back the fee they’ve paid for making cross-chain transfers between Minter and Ethereum provided that their address hasn’t earned 2% on farming programs 30 days since deposit.
Submit »
⭐️ Offering No. 2: 1% on Transfers of Any Tokens
Full cashback on fee for users who made a cross-chain transfer before June 15, 2021.
Submit »
You can find all the terms by following the links above. Please apply only after reading them carefully! No cheating attempt will be tolerated.
The program consists of two parts:
1. For transfers of stablecoins made starting June 15
2. For transfers of any tokens made until June 15
⭐️ Offering No. 1: Up to 2% on Stablecoin Transfers
This offering will allow users to get back the fee they’ve paid for making cross-chain transfers between Minter and Ethereum provided that their address hasn’t earned 2% on farming programs 30 days since deposit.
Submit »
⭐️ Offering No. 2: 1% on Transfers of Any Tokens
Full cashback on fee for users who made a cross-chain transfer before June 15, 2021.
Submit »
You can find all the terms by following the links above. Please apply only after reading them carefully! No cheating attempt will be tolerated.
Forwarded from Minter Dev Notifications
Quantum Pools and Liquidity Superposition
1. Liquidity pools
You have all used currency exchange at least once in a lifetime—for example, when you needed to buy EUR for your trip to Europe. Earlier, this was done with paper money, but with advances in technology, everyone got used to banking apps. Yet few have been wondering where the money we get in return comes from. It’s pretty simple, really—the bank buys it on the market and then resells to you at a slight premium. That’s why there’s a 1–2% difference from the central bank’s rate in either direction. This delta is the bank’s income, and often, that income is significant.
Blockchains have gone even further and allowed everyone to lock liquidity—or tokens representing currencies—into smart contracts. Roughly, it works like this:
– Bob has 10,000 USDT and 10,000 MUSD. He puts it all into a swap pool and becomes a liquidity provider
– He can withdraw all his funds or put in more whenever he wants
– Apart from him, there are other providers in this pool. And their share of income depends on how much they’ve supplied
– From each swap—say, 1,000 MUSD for 1,000 USDT—the pool gets its 0.2%, or $2 in our case. Any volume can be swapped, starting from .01 and going up to millions of dollars at once!
– These rewards are automatically summed up with the provided liquidity, thus generating a compound interest. Because at the time of next swap, Bob—provided his share is 100%—will have 10,001 MUSD and 10,001 USDT. Convenient, right?
– Since blockchains are open, accessible to everyone, and users can make swaps of any amounts, there are thousands of trades daily—even in projects like Minter, those just getting started—and thousands of dollars in fees, distributed once every 5 seconds among all participants.
2. Quantum pools and liquidity superposition
Now imagine you’re running an exchange working with BTC, ETH, and USD. You won’t be maintaining the "pool" with ETH or BTC only. You will be exchanging what you have for what your customers have and extract maximum profit by supplying more liquidity and collecting more fees. The money needs to work where it’s most needed at the moment, while the "one coin, one pool" approach limits liquidity and potential fees. Real-life example: on Minter, 250k USDT is now placed in the pool with HUB. And while it’s sitting in there, it could be also providing liquidity for USDC, and ETH, and BTC.
How does it work?
Assume the user has 1M BIP, 100 HUB, and 10,000 USDT. They’re ready to lock both BIP and HUB into liquidity but don’t have the necessary amount of USDT to cover it all. It’s only logical they start monitoring the deals. As soon as they see there’s going to be a huge deal in the HUB-USDT pool, they add liquidity there. Then back to BIP-USDT. And that’s how they’re making money out of all deals.
Here comes the magic: imagine the same thing happening on-chain. Liquidity is placed across several pools at the same time and is used where needed. Meaning it’s in superposition.
The number of pools is unlimited. Let’s take three—given 1M BIP, 100 HUB, and 10,000 USDT:
1. 1m BIP vs. 10k USDT
2. 100 HUB vs. 10k USDT
3. 1m BIP vs. 100 HUB
Some of you may think that it seems the user has provided twice as much liquidity as the money they’ve had—$60k supplied versus $30k initial. You would be right, but only partially, because the amount of funds is the same, but those funds are put to use more efficiently.
What would quantum pools bring us?
1. More fees for liquidity providers due to superpositions
2. Higher liquidity across all pools, resulting into more trades and more fees as well
Specific implementation and details are yet to be developed, but for now, what disadvantages of the scheme above do you see? Have you seen anything like this in other projects?
1. Liquidity pools
You have all used currency exchange at least once in a lifetime—for example, when you needed to buy EUR for your trip to Europe. Earlier, this was done with paper money, but with advances in technology, everyone got used to banking apps. Yet few have been wondering where the money we get in return comes from. It’s pretty simple, really—the bank buys it on the market and then resells to you at a slight premium. That’s why there’s a 1–2% difference from the central bank’s rate in either direction. This delta is the bank’s income, and often, that income is significant.
Blockchains have gone even further and allowed everyone to lock liquidity—or tokens representing currencies—into smart contracts. Roughly, it works like this:
– Bob has 10,000 USDT and 10,000 MUSD. He puts it all into a swap pool and becomes a liquidity provider
– He can withdraw all his funds or put in more whenever he wants
– Apart from him, there are other providers in this pool. And their share of income depends on how much they’ve supplied
– From each swap—say, 1,000 MUSD for 1,000 USDT—the pool gets its 0.2%, or $2 in our case. Any volume can be swapped, starting from .01 and going up to millions of dollars at once!
– These rewards are automatically summed up with the provided liquidity, thus generating a compound interest. Because at the time of next swap, Bob—provided his share is 100%—will have 10,001 MUSD and 10,001 USDT. Convenient, right?
– Since blockchains are open, accessible to everyone, and users can make swaps of any amounts, there are thousands of trades daily—even in projects like Minter, those just getting started—and thousands of dollars in fees, distributed once every 5 seconds among all participants.
2. Quantum pools and liquidity superposition
Now imagine you’re running an exchange working with BTC, ETH, and USD. You won’t be maintaining the "pool" with ETH or BTC only. You will be exchanging what you have for what your customers have and extract maximum profit by supplying more liquidity and collecting more fees. The money needs to work where it’s most needed at the moment, while the "one coin, one pool" approach limits liquidity and potential fees. Real-life example: on Minter, 250k USDT is now placed in the pool with HUB. And while it’s sitting in there, it could be also providing liquidity for USDC, and ETH, and BTC.
How does it work?
Assume the user has 1M BIP, 100 HUB, and 10,000 USDT. They’re ready to lock both BIP and HUB into liquidity but don’t have the necessary amount of USDT to cover it all. It’s only logical they start monitoring the deals. As soon as they see there’s going to be a huge deal in the HUB-USDT pool, they add liquidity there. Then back to BIP-USDT. And that’s how they’re making money out of all deals.
Here comes the magic: imagine the same thing happening on-chain. Liquidity is placed across several pools at the same time and is used where needed. Meaning it’s in superposition.
The number of pools is unlimited. Let’s take three—given 1M BIP, 100 HUB, and 10,000 USDT:
1. 1m BIP vs. 10k USDT
2. 100 HUB vs. 10k USDT
3. 1m BIP vs. 100 HUB
Some of you may think that it seems the user has provided twice as much liquidity as the money they’ve had—$60k supplied versus $30k initial. You would be right, but only partially, because the amount of funds is the same, but those funds are put to use more efficiently.
What would quantum pools bring us?
1. More fees for liquidity providers due to superpositions
2. Higher liquidity across all pools, resulting into more trades and more fees as well
Specific implementation and details are yet to be developed, but for now, what disadvantages of the scheme above do you see? Have you seen anything like this in other projects?
✨ ‘Park’ Dollars & Get 36.5% in APR (or More)!
A stablecoin farming program has gone live on Minter. 0.1% daily or 36.5% yearly presents a great opportunity for placing dollars in the DeFi market.
The program involves 36 pairs of the top stablecoins (USDT, USDC, BUSD, DAI, PAX, and others).
For example, farming yield in the USDT-USDC pool, you get:
– 0.1% daily
– an additional APY of up to 40% due to fees
– completely decentralized operations since Minter is a DEX
– lack of KYC
– easy deposit and withdrawal of assets
– little to no risks as stablecoins always stay stable
Not so sure where the market is headed in the short run?
Wait it out in stablecoins and benefit from ‘parking’ your assets!
👩🌾 Farming Programs Tracker »
A stablecoin farming program has gone live on Minter. 0.1% daily or 36.5% yearly presents a great opportunity for placing dollars in the DeFi market.
The program involves 36 pairs of the top stablecoins (USDT, USDC, BUSD, DAI, PAX, and others).
For example, farming yield in the USDT-USDC pool, you get:
– 0.1% daily
– an additional APY of up to 40% due to fees
– completely decentralized operations since Minter is a DEX
– lack of KYC
– easy deposit and withdrawal of assets
– little to no risks as stablecoins always stay stable
Not so sure where the market is headed in the short run?
Wait it out in stablecoins and benefit from ‘parking’ your assets!
👩🌾 Farming Programs Tracker »
Yield farming, or farming in short, means that on top of a share of fee charged for every trade (0.2%), you start getting an additional reward for the very fact of locking your assets into the pool.
https://minterteam.medium.com/how-to-farm-with-stablecoins-parking-lot-for-dollars-that-pays-you-843be295457a
Farming with stablecoins is one of the major money-making strategies in DeFi in times of bad, bearish, or just unpredictable market.
https://minterteam.medium.com/how-to-farm-with-stablecoins-parking-lot-for-dollars-that-pays-you-843be295457a
Farming with stablecoins is one of the major money-making strategies in DeFi in times of bad, bearish, or just unpredictable market.
Medium
How to Yield Farm with Stablecoins: ‘Parking Lot’ for Dollars that Pays You
We’re talking about ways to use stablecoins most efficiently and earn at little or no risk.
👨🌾 Yield-Farming Programs on Chainik
Yield Farms is a new functionality allowing to not only track every farming program on Minter, but also to launch them. Have your own token and pool and want to incentivize and support liquidity providers? Simply set up a farming program with daily rewards.
• ID: program’s identifier
• Pool: liquidity pool where farming takes place
• APR: yearly / daily returns, expressed in %
• Rewards in: coin / token for payouts
• End date: when the program expires
• Details: link to a separate page of a given program with additional info
Learn More »
Yield Farms is a new functionality allowing to not only track every farming program on Minter, but also to launch them. Have your own token and pool and want to incentivize and support liquidity providers? Simply set up a farming program with daily rewards.
• ID: program’s identifier
• Pool: liquidity pool where farming takes place
• APR: yearly / daily returns, expressed in %
• Rewards in: coin / token for payouts
• End date: when the program expires
• Details: link to a separate page of a given program with additional info
Learn More »
💵 Minter Launchpad invites you to take part in a simple poll to get a chance to win crypto.
Which project to list next on Minter DEX—#1inch, #uniswap, or #sushiswap?
Vote here 👇🏻
https://www.pinpon.io/a/xxsIHKN
Which project to list next on Minter DEX—#1inch, #uniswap, or #sushiswap?
Vote here 👇🏻
https://www.pinpon.io/a/xxsIHKN
Minter Network
💵 Minter Launchpad invites you to take part in a simple poll to get a chance to win crypto. Which project to list next on Minter DEX—#1inch, #uniswap, or #sushiswap? Vote here 👇🏻 https://www.pinpon.io/a/xxsIHKN
Shill us your coin in the comments below if you think we should list it on Minter DEX!
For example: List #DOGE
Don’t forget to follow @MinterTeam to win crypto in regular draws.
For example: List #DOGE
Don’t forget to follow @MinterTeam to win crypto in regular draws.
Minter Network
💵 Minter Launchpad invites you to take part in a simple poll to get a chance to win crypto. Which project to list next on Minter DEX—#1inch, #uniswap, or #sushiswap? Vote here 👇🏻 https://www.pinpon.io/a/xxsIHKN
If you want to avoid competition, you might want to consider a guaranteed cross-chain listing. It costs 100 #HUB and will be completed within three days after form submission: https://forms.gle/PTS247fmhD7wSRTG9
We are stopping receiving BIP to be further converted into BIPx tomorrow at 12:00 p.m. UTC.
To get an ERC-20 token on the Ethereum network, you need to send BIP to the following address:
To find out more about the evolution of BIP, check out this article: https://minterteam.medium.com/17905b034285
To get an ERC-20 token on the Ethereum network, you need to send BIP to the following address:
Mx8e3869360a90a33d7df9fbb59af581b42147938f
The total amount accumulated to date stands at over 100 million BIP. It will all be issued as BIPx in the coming days.To find out more about the evolution of BIP, check out this article: https://minterteam.medium.com/17905b034285
Medium
How to Make Money on DeFi with BIPx
tl;dr: The usual BIP will transform into BIPx on other networks to help you earn in the best DeFi services…