Peanut DeFi Token Sale Peanut was developed by Remme, one of | Wall Street Trader ICO metaverse NEWS

Peanut DeFi Token Sale

Peanut was developed by Remme, one of the most accomplished and experienced teams in the crypto space. Peanut is a set of smart contracts that automatically balance prices after each trade to help LPs earn more and reduce slippage with no manual effort. Benefits include Increases passive income, Lower risk of impermanent loss, Reduced slippage, Reward with governance tokens, No manual effort: Peanut does everything automatically.

Peanut has already successfully raised $1.5M in a presale funding round in less than 3 hours. Peanut public sale round takes place in late January.

Peanut team works closely with Curve finance. The Curve team is very exited about Peanut project and has already mentioned them in twitter: https://twitter.com/CurveFinance/status/1326156532703260672

With Peanut, 90% of the LP liquidity goes directly into the Uniswap pool. The other 10% goes into the Peanut protocol, to serve as a price balancer. Peanut divides LP assets into two parts:
90% is used for providing liquidity on Uniswap or via another DEX;
10% is used for automatic multi-level price balancing between Uniswap, other DEXs and CEXs.

The Part 2 pool is used on two levels to provide lightning-fast trading operations to keep the price balance:
Level 1: ETH account for onchain operations on DEXs
Level 2: account on CEXs where the token being bought or sold is tradable

When large buy/sell orders are placed, the Peanut pool automatically and simultaneously makes a corresponding trade on two levels i.e. on other DEXs and CEXs. After trading operations are completed, Peanut performs clearing for earned income.

This means that any potential price movement from large DEX trades can be immediately dampened by matching it on the CEX, protecting LPs from slippage.

TG: t.me/peanuttrade
Website: peanut.trade
Twitter: twitter.com/peanuttrade
Medium: medium.com/peanut-trade