Minter Network
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Minter is an ultra-fast and robust cross-chain DEX with in-core AMM and order book powered by its own Layer-1 Blockchain.

https://www.minter.network/bip
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💲 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.
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.
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.
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?
‘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 »
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.
👨‍🌾 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 »
💵 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
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:
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
🍓 HUBABUBA Now on Ethereum

HUBABUBA is no more just an experimental meme token that gamifies learning Minter and its main features. It’s evolved into a whole new community. The community that popularizes the token beyond Minter all on its own.

Yesterday, an ERC-20 token HUBABUBA went live on the Ethereum network. The entire supply (10 000 tokens) was sent to the Minter Hub smart contract to be further managed by the oracles.

In their turn, oracles accepted the cross-chain listing request and voted in favor of supporting the HUBABUBA token on both chains, namely Minter and Ethereum. HUBABUBA is currently available for deposit and withdrawal via Minter Console (in the DEPOSIT & WITHDRAW section).

HUBABUBA on Ethereum will allow to:
• Unlock potential access to the audience of +300M unique users through listing in CMC and CoinGecko rankings under the Memes category
• FYI, there are only 92 tokens in the Memes category on CMC, and they are all placed on a single page
• Follow the trends of the crypto market as meme tokens are hot in the current cycle
• Attract the attention of meme hunters
• Promote Minter as a DEX as everyday raffles with big prizes are held exclusively on Minter (~$4 600 every day, 1% on the pool’s liquidity). Raffles are a solid incentive for token holders to migrate from Ethereum to Minter
• Apply for listing on any exchange (both centralized and decentralized)
• Trade on Uniswap
• Motivate the existing HUBABUBA community and provide it with directions for development in the DeFi market

How’s it going with the HUBABUBA-HUB pool?
— Liquidity: $460k
— 24H trading volume: $44k
— Daily farming rewards: 1% ($4 600)
— Daily raffles among the top 100 providers: 1% ($4 600)
Wanna know who was especially sweaty this past June? Traders and liquidity providers. They got even more opportunities for earning—new tokens, farming programs, the first mirror from Minter. Oh, and the format of our monthly reports has changed, too. Buckle up!

https://minterteam.medium.com/904df3d005c7
BIPx Live on Ethereum

Today, an ERC-20 token BIPx was launched on the Ethereum network. Earlier, 1,063 Minter network users sent in 103,170,440 BIP. They all got extra bonuses totaling at 10,527,126 BIP.

You can claim your BIPx here:
https://bipx-claim.minter.network/

To add BIPx into Metamask or TrustWallet, use its smart contract address (Symbol: BIPX, Decimal: 18):
0xcafe34bae6f1b23a6b575303edcc0578d2188131

Cross-chain transfers between Minter and Ethereum will follow soon, so stay tuned. To learn more about BIPx and how it will help unlock some of the hottest deals in DeFi, read this article.

🥳
📲 BIP Wallet for iOS updated: meet swaps via liquidity pools.

Download/update: https://minter.link/ios
1INCH Live on Minter

Today, Minter Hub oracles have activated cross-chain transfers for the 1INCH token.

1INCH is an aggregator that unites several DEXes into a single platform for searching the most efficient swap routes.

To move the 1INCH token between Ethereum and Minter, use Minter Console (DEPOSIT & WITHDRAW).

🏷 1INCH Token Page (info, pools, holders)
📖 How to Earn with Minter

The Minter network is rich with tools to make money. We have updated our catalogue of articles, which now includes the Earn category. In this part of the website, we will talk about each and every way to earn.

The catalogue already lists several educational articles that cover the following topics:
— how to delegate your coins
— what BIP & BIPx are
— how to benefit from liquidity pools
— what a liquidity pool is & who liquidity providers are
— what yield farming is
— how to benefit from trading
— how to benefit from arbitrage
— what Minter Hub is
— what HUB token's application areas are & how to stake it with oracles
— how to make cross-chain transfers
— and more

📚 Pay visit to Earn »

This section serves educational purposes only. The information contained herewithin does not constitute an investment, financial, legal, or tax advice, and it is not an offer or solicitation to purchase or sell any financial instrument.
📌 BIPx: Useful Links

🦄 Uniswap:
BIPx-USDT pool stats
Buy/sell BIPx
Add liquidity
BIPx token page

🔍 Etherscan:
BIPx token page
Smart contract
Holders
DEX trades

📥 How to get BIPx if you took part in the initial issuance:
0. Make sure your address is on the list
1. Use that address to log in here
2. Next to available balance, press Claim (you'll need to pay an ETH fee at this stage)
3. BIPx tokens will be then sent to your wallet

📎 How to get BIPx displayed:
— In TrustWallet, tap on the toggle in the upper-right corner of the Wallet Screen, scroll down to the bottom of the list of available tokens, and hit "Add Custom Token"
— In MetaMask, choose "Add Token" from the tokens list, tab "Custom Token"

Use this data
• Smart contract address:
0xcafe34bae6f1b23a6b575303edcc0578d2188131
• Symbol: BIPX
• Decimal: 18

💡 What's BIPx?