The Great Migration — The Good, The Better, and The Greatest.
3xcalibur Protocol: A Bridge Between the Good and the Bad Rolled Into One Interface.
The recent transition of the Arbitrum blockchain to its Nitro upgrade promises better solutions to mitigate the crisis-ridden underlying ecosystem entailed by the transaction fee on its layer-1 blockchain, codenamed Ethereum.
Just as Solana takes the bigger fall in the squabble between the supposed “Ethereum killer” AKA Solana, and the Ethereum scaling solution, Arbitrum — following the FTX Contagion.
Arbitrum continues to get big hits through its numerous partnerships that cut across the varying sectors of the emerging crypto derivatives industry.
As speculators continue to argue that #Arbitrum is set to outperform the purported “Ethereum killer” through its ‘Nitro’ boost.
Where, a few others would contend that the Ethereum rollup is no match for the purported blockchain that was created to revolutionize crypto through lower transaction costs and faster speeds, otherwise known as Solana.
Yet, I can affirm that this is only the beginning of greater things for the Ethereum layer-2 scaling solution known as Arbitrum.
As amid all of that pandemonium comes an even greater find… The @3xcalibur69 Protocol.
Although, the Ethereum Merge was an upgrade that had crypto enthusiasts having a major celebration given it entailed a milestone that registered the beginning of a new dawn which will be felt across the entire DeFi and crypto space for a very long time.
But even better, is the Great Migration; an initiative launched by the @3xcalibur69 Protocol.
Enter @3xcalibur69: An innovative liquidity marketplace with a Tri-AMM architecture that fuses together the best of both worlds.
Through a permissionless, liquidationless, and oracleless protocol @3xcalibur69 is able to offer a variety of products like stableswaps, variable swaps, borrowing & lending of any asset and more.
And even though permissionless protocols are common concepts in the broader crypto ecosystem, the idea of a liquidationless liquidity protocol that abstracts away the complexity for borrowers to constantly manage their health factors through the 3xcaliCredit, is quite a new one in the space.
In addition to an oracleless system where oracles for pricing on the swap side as well as those used for interest rates & collateral factors of pools on the credit side are intuitively replaced with a unique 3 variable constant product AMM — unlike seen on any other liquidity protocol out there.
All of these factors put together, makes the @3xcalibur69 protocol a great catch for seasoned investors, just as it provides a seamless trading experience for newbies.
Still not sure about what any of that means, keep calm as we are about to find out in a few!
But first, what is the Great Migration and why should this have Degens and traders pumped, you might ask?
Well, let’s take a quick look at the backstory of that one:
The Great Migration was officially launched a few months away from the Ethereum Merge, in Q4 2022, by the @3xcalibur69 team.
What started off on the belief that Arbitrum native projects should have their liquidity pooled on a truly Arbitrum native DEX.
And in a bid to bridge the gap in Arbitrum’s limitations to offer a complete suite of DeFi derivatives products, soon spanned into a fully-fledged liquidity migration ecosystem.
With the primary goal of incentivizing the migration of liquidity from individual LPs in other Dexes such as the; GMX, Dopex, Jones and PlutusDAO.
The idea quickly developed into a roadmap that spawned more innovative DeFi derivatives strategies as was pioneered by an omnichain approach to leverage complex financial tools and create easy-to-use products for investors.
But there is more…
These suites of DeFi derivatives products and strategies inspired by the Solidly & Timeswap protocols does a great job at picking the good from the bad and merging that into a single interface.
What’s more interesting?…
The team behind the @3xcalibur69 protocol, 3six9 Collective, created an ever-increasing revenue generation scheme for its investors through the Great Migration.
Where Migratooors in the first cycle are incentivized with 1.5% (405,000 $xCAL) of the total supply of $xCAL reserved for the Arbitrum ecosystem airdrop.
And even better is the distribution of veXCAL (locked $xCAL) airdrop to Migratooors who migrate liquidity select pools in the span of the migration campaign which translates to an airdrop amount that is calculated based on the formula:
Airdrop = (User Migrated Liquidity/Pool TVL) * (Time left/total campaign time) * Airdrop Pool.
Want to find out more about that? Feel free to check out this link for more details on that.
Although, the looping feature that allows users who lock an asset (say the $xCal token) to automatically become eligible to borrow a stablecoin against these locked assets and purchase more $xCal tokens to leverage their position in the pool, can be done through 3rd party partner platforms like @PlutusDAO_io and @LodestarFinance.
Nonetheless, it would be real nice to have that feature as an in-house functionality on @3xcalibur69, considering the team’s ethos towards building an all-inclusive liquidity marketplace designed to facilitate a wide. range of derivatives products and strategies like stableswaps, variable swaps, borrowing, and lending.
In the meantime, let’s wait and see if that gets incorporated in the future.
Disclaimer: THIS IS NOT FINANCIAL ADVISE… DYOR!!!
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