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Quitriam Finance Set to be a Key AMM Player Alongside Uniswap, PancakeSwap

By Sponsored
24 May 2022   |   2:00 pm
Several decentralized exchanges (DEXs) have emerged over the past couple of months due to increased retail adoption of cryptocurrencies and general interest in Web3, the metaverse, and non-fungible tokens (NFTs). 


Several decentralized exchanges (DEXs) have emerged over the past couple of months due to increased retail adoption of cryptocurrencies and general interest in Web3, the metaverse, and non-fungible tokens (NFTs). 

Automated market makers (AMM) such as  Uniswap, PancakeSwap, Balancer, etc. have enjoyed steady growth catalyzed by providing superior products. Quitriam Finance has thrown its name into the mix of AMM players as it looks to provide users with a smooth trading experience that complements the services that already exist on the market. This will benefit users and the market as a whole as the cryptocurrency industry is underpinned by innovation, transparency, and decentralization.

This should come as good news to investors who want to back a project that is still in its early stage. Quitriam is in the presale stage where it is offering its tokens to the public at a cheaper price but for a limited time.

What is an AMM?

DEXs are different from centralized exchanges in that they eliminate all intermediary processes and allow traders to trade through smart contracts. There are no order books or custodial infrastructure as you would find on a centralized exchange. DEXs rely on protocols called AMMS instead of order books and matching systems to facilitate trades. The AMMs use smart contracts to determine the price of assets and ensure that there is sufficient liquidity to support transactions.

When you trade on decentralized exchanges, you are trading against the liquidity parked in smart contracts. 

Automated market makers are important in decentralized trading, and this is where Quitriam comes in.

Quitriam Finance as an AMM

Quitriam is not interested in just adding numbers to the AMM market but to address pain points that crypto traders have to endure every day.

One of those challenges is the risk of impermanent loss. This happens when you provide liquidity and the price of the assets your deposit changes. When this price difference is big, it could leave you with a loss in the value of your digital assets. This leads you to withdraw your assets at a lower value. Quitriam will be designed in such a way that you can minimize impermanent loss and earn more.

However, Quitriam will not deviate much from the principles of other AMM platforms such as Uniswap. Uniswap enables users to swap Ethereum-based tokens using smart contracts. Wrapped ETH (WETH) can be swapped on Uniswap as well. Anyone can add liquidity to a newly created pool. Liquidity providers can earn passive income from transaction fees.

How Do Investors Benefit from Holding CM Governance Tokens?

Investors have a first-mover advantage of buying CM governance tokens during the presale stage. They can acquire tokens at a lower price and sell them later when their value appreciates. Those with diamond hands will not only hold the tokens but put them to good use and earn from them.

Users can stake their Quitriam Finance tokens and earn rewards that are paid out in the platform’s native governance token. Investors are free to unstake anytime they want to, and will only incur a low withdrawal fee of 2%. Those in the crypto long enough are aware of PancakeSwap. It is an AMM that enables trading without the need for order books. Its native token is CAKE and can be used for staking, the same way that users can stake CM on Quitriam Finance.

A New Era is Coming

Quitriam Finance is writing about an era of decentralized finance where users can stake their CM governance tokens to earn passive income. As an AMM, Quitriam is minimizing the risks associated with impermanence loss so that users can get more value from their digital assets. With all this in mind, investors can grab their CM tokens in the ongoing presale. The AMM market is expanding, and it won’t be long before Quitriam claims its seat on a table currently occupied by AMM heavyweights such as PancakeSwap, Balancer, Uniswap, and more.