VulcanDex - Revision history

Neswulf: /* Blockchain Gaming */

2022-10-17T14:31:16Z

Blockchain Gaming

← Older revision		Revision as of 14:31, 17 October 2022
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	== Blockchain Gaming ==		== Blockchain Gaming ==
	Gaming is a massive ~~marke~~, and the combination of gaming/NFTs and blockchain has created a lot of hype. VulcanDex plans to cover many well-known blockchain tokens and projects. Some of the projects have also partnered with VulcanDex and offer special NFTs for staking (such as Sandbox, for example). This is a brand new dimension for cryptocurrency DEX staking.		Gaming is a massive market, and the combination of gaming/NFTs and blockchain has created a lot of hype. VulcanDex plans to cover many well-known blockchain tokens and projects. Some of the projects have also partnered with VulcanDex and offer special NFTs for staking (such as Sandbox, for example). This is a brand new dimension for cryptocurrency DEX staking.

	== Fees and Costs ==		== Fees and Costs ==

Neswulf: Update

2022-10-17T14:31:05Z

Update

← Older revision		Revision as of 14:31, 17 October 2022
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	=== Liquidity Pool (LP) Staking ===		=== Liquidity Pool (LP) Staking ===
	~~VulcanDEX~~ offers LP staking. For example, if you own [[PYR]] and MATIC tokens, you can put these tokens inside the liquidity pool and earn rewards. This is called yield farming.		VulcanDex offers LP staking. For example, if you own [[PYR]] and MATIC tokens, you can put these tokens inside the liquidity pool and earn rewards. This is called yield farming.

	A DEX is made for trading tokens from one to another. You need to have ~~loads~~ of both tokens in order to be able to offer these trades. This is why the pools with tokens are created.		A DEX is made for trading tokens from one to another. You need to have enough of both tokens in order to be able to offer these trades. This is why the pools with tokens are created.

	~~VulcanDEX~~ is based on Uniswap 2.0 and acts the same with a different layer on top (NFT rewards, for example). For all asset pairs, liquidity pools exist on ~~VulcanDEX~~. Let's look at a hypothetical example for PYR-WETH:		VulcanDex is based on Uniswap 2.0 and acts the same with a different layer on top (NFT rewards, for example). For all asset pairs, liquidity pools exist on VulcanDex. Let's look at a hypothetical example for PYR-WETH:

	* Total liquidity = $1,000,000 inside both the PYR and WETH pool		* Total liquidity = $1,000,000 inside both the PYR and WETH pool
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	* Total transactions = 10,000 (amount of transactions done)		* Total transactions = 10,000 (amount of transactions done)

	~~As you can see, there is~~ $1,000,000 worth of PYR and WETH inside the liquidity pool. These tokens are available to trade. 90,000 PYR is available. ~~You can imagine the~~ price will ~~boost~~ up if you buy PYR and the price will lower if you sell PYR to the pool. It is not possible to do a 100,000 PYR buy, as there are only 90,000 PYR tokens inside the pool.		The example shows $1,000,000 worth of PYR and WETH inside the liquidity pool. These tokens are available to trade. 90,000 PYR is available. The price will move up if you buy PYR and the price will lower if you sell PYR to the pool. It is not possible to do a 100,000 PYR buy, as there are only 90,000 PYR tokens inside the pool.

	=== Single-Asset Staking ===		=== Single-Asset Staking ===
	When you ~~put~~ liquidity ~~inside~~ a pool, you will receive special LP tokens. These will be available inside your wallet. You can trade these back for your tokens and the reward. ~~But what if we could use these LP tokens while relaxing and watching our daily rewards go up? VulcanDEX~~ offers single staking farms for LP tokens. You can, for example, put your LP tokens inside a pool and receive/win NFTs. This is unique ~~and has never been seen before~~.		When you add liquidity to a pool, you will receive special LP tokens. These will be available inside your wallet. You can trade these back for your tokens and the reward. VulcanDex offers single staking farms for LP tokens. You can, for example, put your LP tokens inside a pool and receive/win NFTs. This is unique to VulcanDex.

	== ~~Crypto~~ Gaming ==		== Blockchain Gaming ==
	Gaming is a massive ~~market. And~~ the combination of gaming/NFTs and blockchain ~~have become~~ a hype. ~~People love gaming, and crypto has become part of it quickly. We see tokens in almost all popular games. VulcanDEX will~~ cover many well-known ~~crypto~~ tokens and projects. Some of the projects have also partnered with ~~VulcanDEX~~ and ~~offered~~ special NFTs for staking (~~like~~ Sandbox, for example). This is a brand new dimension for ~~crypto~~ DEX staking.		Gaming is a massive marke, and the combination of gaming/NFTs and blockchain has created a lot of hype. VulcanDex plans to cover many well-known blockchain tokens and projects. Some of the projects have also partnered with VulcanDex and offer special NFTs for staking (such as Sandbox, for example). This is a brand new dimension for cryptocurrency DEX staking.

	== Fees and Costs ==		== Fees and Costs ==
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	== Impermanent Loss ==		== Impermanent Loss ==
	~~It's best to learn what impermanent~~ loss ~~is through an example.~~		Impermanent loss can be demonstrated as below:

	Let's assume that 1 ETH has the current equivalent of 500 PYR. And let's assume that the current liquidity pool size is 100 ETH : 50,000 PYR (equivalent to 200 ETH in total).		Let's assume that 1 ETH has the current equivalent of 500 PYR. And let's assume that the current liquidity pool size is 100 ETH : 50,000 PYR (equivalent to 200 ETH in total).
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	If you now add 10 ETH and 5,000 PYR (in total equivalent to 20 ETH) to the liquidity pool, you contribute 10% of the liquidity and are entitled to 10% of the liquidity mining rewards.		If you now add 10 ETH and 5,000 PYR (in total equivalent to 20 ETH) to the liquidity pool, you contribute 10% of the liquidity and are entitled to 10% of the liquidity mining rewards.

	Let's assume someone uses ~~VulcanDEX~~ and buys 5,000 PYR with 10 ETH. Now the pool looks like this: 110 ETH : 45,000 PYR (+10 ETH and minus 5,000 PYR).		Let's assume someone uses VulcanDex and buys 5,000 PYR with 10 ETH. Now the pool looks like this: 110 ETH : 45,000 PYR (+10 ETH and minus 5,000 PYR).

	If you would like to withdraw your liquidity at this point, you can easily calculate this with your 10% share.		If you would like to withdraw your liquidity at this point, you can easily calculate this with your 10% share.

Neswulf: Update

2022-10-17T14:18:03Z

Update

← Older revision		Revision as of 14:18, 17 October 2022
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	VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. ~~This DEX~~ rewards ~~you~~ with valuable [[~~wikipedia:Non-fungible_token~~\|NFTs]] besides the usual tokens. ~~If you are a gamer, and crypto enthusiast, this is the solution for you!~~		VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. VulcanDex rewards users with valuable [[NFT\|NFTs]] besides the usual tokens.

	== Tokens and Pairs ==		== Tokens and Pairs ==
	~~Exciting~~ projects will be listed on VulcanDex. The DEX currently has the following pairs and pools for NFT reward farms:		Many projects are and will be listed on VulcanDex. The DEX currently has the following pairs and pools for NFT reward farms:

	* PYR-USDC		* PYR-USDC
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	The DEX supports trading the in-game token, [[LAVA]]. This Play2Earn (P2E) token is the core token of many [[Vulcan Forged]] games. It is used as a reward for playing the games in the ecosystem.		The DEX supports trading the in-game token, [[LAVA]]. This Play2Earn (P2E) token is the core token of many [[Vulcan Forged]] games. It is used as a reward for playing the games in the ecosystem.

	In the first year of VulcanDex~~, the highlights~~ are as follows:		The highlights of the first year of VulcanDex are as follows:

	* First gaming token DEX		* First gaming token DEX

Salmanriyaz at 06:38, 16 October 2022

2022-10-16T06:38:22Z

← Older revision		Revision as of 06:38, 16 October 2022
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	VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. This DEX rewards you with valuable [[NFTs]] besides the usual tokens. If you are a gamer, and crypto enthusiast, this is the solution for you!		VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. This DEX rewards you with valuable [[wikipedia:Non-fungible_token\|NFTs]] besides the usual tokens. If you are a gamer, and crypto enthusiast, this is the solution for you!

	== Tokens and Pairs ==		== Tokens and Pairs ==

Salmanriyaz at 06:37, 16 October 2022

2022-10-16T06:37:05Z

← Older revision		Revision as of 06:37, 16 October 2022
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	VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. This DEX rewards you with valuable [[~~NFT~~]]~~<nowiki/>s~~ besides the usual tokens. If you are a gamer, and crypto enthusiast, this is the solution for you!		VulcanDex is a decentralized exchange ([[wikipedia:Decentralized_finance#Decentralized_exchanges\|DEX]]) for gaming tokens. This DEX rewards you with valuable [[NFTs]] besides the usual tokens. If you are a gamer, and crypto enthusiast, this is the solution for you!

	== Tokens and Pairs ==		== Tokens and Pairs ==

Salmanriyaz at 06:27, 16 October 2022

2022-10-16T06:27:35Z

← Older revision		Revision as of 06:27, 16 October 2022
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	* Official DEX of the "Blockchain of Metaverses"		* Official DEX of the "Blockchain of Metaverses"

	== Liquidity Pool (LP) Staking and Single Asset Staking ==		== Liquidity Pool (LP) Staking and Single-Asset Staking ==

	=== Liquidity Pool (LP) Staking ===		=== Liquidity Pool (LP) Staking ===
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	As you can see, there is $1,000,000 worth of PYR and WETH inside the liquidity pool. These tokens are available to trade. 90,000 PYR is available. You can imagine the price will boost up if you buy PYR and the price will lower if you sell PYR to the pool. It is not possible to do a 100,000 PYR buy, as there are only 90,000 PYR tokens inside the pool.		As you can see, there is $1,000,000 worth of PYR and WETH inside the liquidity pool. These tokens are available to trade. 90,000 PYR is available. You can imagine the price will boost up if you buy PYR and the price will lower if you sell PYR to the pool. It is not possible to do a 100,000 PYR buy, as there are only 90,000 PYR tokens inside the pool.

	=== Single Asset Staking ===		=== Single-Asset Staking ===
	When you put liquidity inside a pool, you will receive special LP tokens. These will be available inside your wallet. You can trade these back for your tokens and the reward. But what if we could use these LP tokens while relaxing and watching our daily rewards go up? VulcanDEX offers single staking farms for LP tokens. You can, for example, put your LP tokens inside a pool and receive/win NFTs. This is unique and has never been seen before.		When you put liquidity inside a pool, you will receive special LP tokens. These will be available inside your wallet. You can trade these back for your tokens and the reward. But what if we could use these LP tokens while relaxing and watching our daily rewards go up? VulcanDEX offers single staking farms for LP tokens. You can, for example, put your LP tokens inside a pool and receive/win NFTs. This is unique and has never been seen before.

Salmanriyaz at 06:22, 16 October 2022

2022-10-16T06:22:39Z

← Older revision		Revision as of 06:22, 16 October 2022
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	* First gaming token DEX		* First gaming token DEX
	* Over 50 NFT farms filled		* Over 50 NFT farms filled
	* More than ~~1000~~ NFTs awarded		* More than 1,000 NFTs awarded
	* $13.4M Total Value Locked (TVL) All-Time High		* $13.4M Total Value Locked (TVL) All-Time High
	* Official DEX of the "Blockchain of Metaverses"		* Official DEX of the "Blockchain of Metaverses"

Salmanriyaz: /* Impermanent Loss */

2022-10-16T06:21:54Z

Impermanent Loss

← Older revision		Revision as of 06:21, 16 October 2022
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	Liquidity providers earn a 0.2% fee on all trades proportional to their share of the pool. 0.1% is sent to support the growth of the project. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.		Liquidity providers earn a 0.2% fee on all trades proportional to their share of the pool. 0.1% is sent to support the growth of the project. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.

	For example, let's assume 100,000 PYR is inside the pool, and 1 PYR is worth $100. You own 10% of the liquidity pool. When someone buys $10,000 worth of PYR, the fee is 0.2%, or $20. You will receive a share of $20 x 10% = $2. But this is for ALL transactions on the DEX. ~~THe~~ amount could go up quickly when trading volume is high.		For example, let's assume 100,000 PYR is inside the pool, and 1 PYR is worth $100. You own 10% of the liquidity pool. When someone buys $10,000 worth of PYR, the fee is 0.2%, or $20. You will receive a share of $20 x 10% = $2. But this is for ALL transactions on the DEX. The amount could go up quickly when trading volume is high.

	== Impermanent Loss ==		== Impermanent Loss ==
	It's best to learn what impermanent loss is through an example.		It's best to learn what impermanent loss is through an example.

	Let's assume that 1 ETH has the current ~~equivalnt~~ of 500 PYR. And let's assume that the current liquidity pool size is 100 ETH : 50,000 PYR (equivalent to 200 ETH in total).		Let's assume that 1 ETH has the current equivalent of 500 PYR. And let's assume that the current liquidity pool size is 100 ETH : 50,000 PYR (equivalent to 200 ETH in total).

	If you now add 10 ETH and 5,000 PYR (in total equivalent to 20 ETH) to the liquidity pool, you contribute 10% of the liquidity and are entitled to 10% of the liquidity mining rewards.		If you now add 10 ETH and 5,000 PYR (in total equivalent to 20 ETH) to the liquidity pool, you contribute 10% of the liquidity and are entitled to 10% of the liquidity mining rewards.

Salmanriyaz at 06:19, 16 October 2022

2022-10-16T06:19:04Z

← Older revision		Revision as of 06:19, 16 October 2022
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	== Crypto Gaming ==		== Crypto Gaming ==
			Gaming is a massive market. And the combination of gaming/NFTs and blockchain have become a hype. People love gaming, and crypto has become part of it quickly. We see tokens in almost all popular games. VulcanDEX will cover many well-known crypto tokens and projects. Some of the projects have also partnered with VulcanDEX and offered special NFTs for staking (like Sandbox, for example). This is a brand new dimension for crypto DEX staking.

			== Fees and Costs ==
			Liquidity providers earn a 0.2% fee on all trades proportional to their share of the pool. 0.1% is sent to support the growth of the project. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity.

			For example, let's assume 100,000 PYR is inside the pool, and 1 PYR is worth $100. You own 10% of the liquidity pool. When someone buys $10,000 worth of PYR, the fee is 0.2%, or $20. You will receive a share of $20 x 10% = $2. But this is for ALL transactions on the DEX. THe amount could go up quickly when trading volume is high.

			== Impermanent Loss ==
			It's best to learn what impermanent loss is through an example.

			Let's assume that 1 ETH has the current equivalnt of 500 PYR. And let's assume that the current liquidity pool size is 100 ETH : 50,000 PYR (equivalent to 200 ETH in total).

			If you now add 10 ETH and 5,000 PYR (in total equivalent to 20 ETH) to the liquidity pool, you contribute 10% of the liquidity and are entitled to 10% of the liquidity mining rewards.

			Let's assume someone uses VulcanDEX and buys 5,000 PYR with 10 ETH. Now the pool looks like this: 110 ETH : 45,000 PYR (+10 ETH and minus 5,000 PYR).

			If you would like to withdraw your liquidity at this point, you can easily calculate this with your 10% share.

			You would receive back 10% of 110 ETH (or 11 ETH) and 10% of 45,000 PYR (or 4,500 PYR).

			You lost 500 PYR and gained 1 ETH. However, don't forget that you will receive your rewards on top of this.

			This is called impermanent loss as you did not lose anything. You gained ETH, but you lost PYR.

Salmanriyaz: /* Single Asset Staking and Liquidity Pool (LP) Staking */

2022-10-16T06:04:18Z

Single Asset Staking and Liquidity Pool (LP) Staking

← Older revision		Revision as of 06:04, 16 October 2022
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	* Official DEX of the "Blockchain of Metaverses"		* Official DEX of the "Blockchain of Metaverses"

	== Single Asset Staking ~~and~~ Liquidity Pool (LP) Staking ==		== Liquidity Pool (LP) Staking and Single Asset Staking ==

			=== Liquidity Pool (LP) Staking ===
	VulcanDEX offers LP staking. For example, if you own [[PYR]] and MATIC tokens, you can put these tokens inside the liquidity pool and earn rewards. This is called yield farming.		VulcanDEX offers LP staking. For example, if you own [[PYR]] and MATIC tokens, you can put these tokens inside the liquidity pool and earn rewards. This is called yield farming.