StonkBrokers will launch Smart LP, a decentralized market-making feature, on Sept. 8, according to a post from its development team, Clutch Markets. The product will let users deposit assets on either a single-sided or dual-sided basis and choose a strategy, with Smart LP deploying those assets to provide liquidity for stock-token trading pairs on Uniswap. Clutch Markets also said the related rewards structure will support single-sided staking for stock tokens. In addition, users who hold a StonkBroker NFT will be able to use an ERC-6551 wallet to put the stock tokens held inside their Broker to work and earn yield. The announcement outlines how StonkBrokers plans to connect liquidity provision, staking rewards, and NFT-linked wallet functionality within its stock-token trading setup.
StonkBrokers will launch Smart LP, a decentralized market-making feature, on Sept. 8, according to a post on X from its development team, Clutch Markets.
Under the setup described by Clutch Markets, users will be able to deposit assets on a single-sided or dual-sided basis and select a strategy. Smart LP will then use those assets to provide liquidity for stock-token trading pairs on Uniswap.
Clutch Markets added that the related rewards will also support single-sided staking for stock tokens. Users who hold a StonkBroker NFT will also be able to use an ERC-6551 wallet to put the stock tokens held inside their Broker to work and earn yield.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
