What is Liquid Driver (LQDR)? LQDR Cryptocurrency Complete

Liquidity (liquidity) is an important factor that should be considered carefully when buying an asset in any market. Because when low liquidity leads to high slippage rate, large price fluctuations make the valuation of an asset inefficient. An asset is considered liquid when it can be sold quickly without the price falling significantly compared to the intended, for example BTC, ETH, …

In the traditional financial market, there will be market makers (banks, financial institutions) who will provide liquidity to the market allowing investors to trade with low price fluctuations.

Similar to the crypto market, projects need an initial source of liquidity so that you can trade with low slippage. In the Fantom ecosystem, a project that is considered a decentralized market maker as an alternative to banks to support liquidity for projects is called Liquid Driver. How is Liquid Driver a project, let’s find out through the following items:

• What is Liquid Driver and what does it do?
• More detailed information on the Tokenomics of Liquid Driver’s LQDR?
• The development team, support fund as well as any major partners of Liquid Driver.
• Should you invest in a project that provides liquidity like Liquid Driver?

What is Liquid Driver?

Liquid Driver is a liquidity mining dApp (Liquidity Mining) first of the Fantom ecosystem. Can see Liquid Driver is a service that provides the liquidity required by projects.

Highlights of Liquid Driver

Liquid Driver adopts Vault strategy: Token LPs staked in pools will then be deployed in the pool for partners to generate profits. This profit is then redistributed to the xLQDR Token holders adopt Revenue-Sharing vault mechanism.

• xLQDR Token represents the vested version of the LQDR token. xLQDR is not exchangeable against the LQDR token. xLQDR is similar to Curve’s veCRV.
• Revenue-Sharing vault mechanism: Users holding xLQDR Tokens receive weekly rewards from Liquid Driver’s Treasury.
• This reward is collected from staking pools. More detail:
  • 95% tokens earned in partner staking pools will be used to generate xLQDR-Revenue-Sharing Vault, so xLQDR holder will receive weekly:
    • SPIRIT, BOO and WAKA.
    • + LQDR token from inflation.
    • % of FTM reward from the fee for depostiting coins to the pool that the platform has collected.
  • 5% of tokens earned will be allocated to the developer’s wallet or for future maintenance.

Details about LQDR Token

LQDR Token is a native token in Liquid Driver.

Key Metrics LQDR

• Token name: Liquid Driver
• Ticker: LQDR
• Blockchain: Fantom
• Contract: 0x10b620b2dbac4faa7d7ffd71da486f5d44cd86f9
• Token Type: Utility & governance
• Total Supply: Unlimited (unlimited)
• Circulating Supply: Updating…

LQDR Token Allocation

Updating…

LQDR Token Sale

Updating…

LQDR Token Release Schedule

Updating…

LQDR Token Use Case

You can use LQDR token to:

• Staking LQDR to generate xLQDR. The longer the lock time, the more xLQDR you will get.

• Used to vote for improvements and new developments of the system.

• Buy lottery tickets. Rules about lottery tickets, you can learn more here.

How to earn and own LQDR Token

You can earn LQDR tokens by buying on the decentralized exchange of Fantom system.

Storage Wallet & Exchange LQDR Token

LQDR Token Storage Wallet

You can store LQDR Token above Techtipsnreview Wallet follow these steps:

Step 1: At the main interface, select Receive.

Step 2: Enter Liquid Driver in the search box.

Step 3: Copy the wallet address and send LQDR Token to this wallet address.

Exchange LQDR Token

Existing exchanges that can purchase LQDR tokens include: Spiritswap, Spookyswap.

Roadmaps & Updates

Phase 2

• xLQDR: Vesting version of LQDR → Complete.
• Share revenue for XLQDR holders → Done.
• Released version 2: More strategies and profit optimization.

Stage 3

• Liquidspirit: The wrapped version of inSPIRIT allows users to receive fees from inSPIRIT while boosting revenue for LQDR holders.
• Expand collaboration with Robovault, Spookyswap, Spiritswap and SCREAM to increase TVL and optimize profits for LQDR holders.
• Improved user interface version 2: complete new interface and optimize UX (User Experience).

Long-term

• Leveraged farming with one-way liquidation.
• Launching liquidity for Options and Insurance segments.
• Aggregation tool: Integrate major dApps in DeFi and Fantom projects such as Spiritswap, Spookyswap, Scream, Frax to build an All-in-one platform for users.

Project team, investors and partners

Project team

Some of the project’s leader members:

• Dr.Liquid economics and mathematics. Dr.Liquid was a business developer for a Fintech venture in Canada for the previous two years and then opened a start-up in the fintech sector on his own. Before founding Liquid Driver, Dr.Liquid is working for DEUS.finance in financial engineering.
• Liquid George – work in marketing & consulting for businesses and startups and have been working towards Web3 for 5 years. Liquid George involved in several active or upcoming projects in the DeFi and DAO space, in business development and team building roles.
• Smartlop – lead solidity developer, worked as a software engineer for a technology company before moving into the blockchain industry in 2019 and worked for companies Pickle.finance and Harvest.finance before starting Liquid Driver.
• HP – web/blockchain full-stack developers for seven years, having built web applications using modern Javascript frameworks like React, Angular and Node.js for Luxcore, Bankdex and Aeryus Software. Then developed Solidity, worked on various Ethereum and Binance Smart Chain projects before starting Liquid Driver.

Investors

Updating…

Partner

Cooperating with the top 3 DEXs on Fantom, a win-win partnership between the parties, agreeing to achieve the following goals:

Spiritswap:

• Increase TVL for Spiritswap.
• Bringing many benefits to LQDR holders.
• Reduced inflation as well as incentives for new LPs.

Spookyswap:

• Increase liquidity.
• Provide weekly BOO tokens as rewards for LQDR holders.
• Create a win-win relationship in the Fantom ecosystem.

WakaFinance:

• Increase liquidity.
• Provide weekly WAKA tokens as rewards to LQDR holders.
• Leverage for future development of Waka (lending/borrowing,…).

Similar projects

Some similar liquidity mining projects can be mentioned as: Compound, Yearn Finance, Sushi, Balancer, Curve, Cream,…

summary

Liquidity is always an extremely important factor in any market. Without good liquidity that market will be very difficult to develop.

Especially for new projects with many difficulties such as the popularity and interest of the project in the community is not large, the reputation is not high, the initial liquidity of the token is always a headache. Previously, in order to have good liquidity, projects had to pay listing fees to exchanges with a small amount.

For projects on Fantom, that changed when Liquid Driver – a liquidity incentive platform appeared, making token liquidity not difficult anymore.

Fantom is in the process of concentrating on expanding the ecosystem by increasing the number of dApps on the blockchain. More and more projects launch on Fantom → more new projects need to generate liquidity → Liquid Driver is ready to support projects.

Thereby, Liquid Driver increases the value, utility and demand of LQDR → encourages more users to join Liquid → growth for TVL → leads to increased revenue for xLQDR token holders → Thereby will encourage more people to buy and stake LQDR token → LQDR price increase.

So, do you think you should buy LQDR Token when Liquid Driver will be a co-development factor in parallel with the expansion of the Fantom ecosystem. Please leave a comment below.

Disclaimer: All information contained in the article is for informational purposes only and should not be considered investment advice. Crypto investment is a type of venture investment, you should only participate with the amount of capital you can lose.