Many people know that Gotbit has been a CEX & DEX market maker for over 5 years. Since 2017, the company has been working with cryptocurrency markets and successfully managing capital in decentralized assets. The Gotbit team does not tolerate a state of stagnation, but grows in all kinds of directions. As evidence, this year the company has launched a liquidity-providing program and now provides liquidity to projects in two main directions:
The first direction refers to early-stage projects. Gotbit is ready to provide liquidity for DeFi liquidity pools. If your project or the project you are investing in will be listed on a decentralized exchange, our company will be ready to provide liquidity in stablecoins, AVAX, MATIC, BNB or ETH (depending on the DEX) in the initial liquidity pool. At the moment our offer includes exchanges UniswapV2, UniswapV3, PancakeSwap, QuickSwap, Trader Joe’s, Pangolin.
Terms of LP program
The minimal ticket size of liquidity Gotbit provides is $50 000 and reaches $500 000 in stablecoins.
Gotbit is ready to receive tokens from the project team under different conditions, and if necessary to freeze its liquidity for a period of 3 to 12 months, depending on the agreement with the project. For now, the company has already successfully provided liquidity to 12 projects, mainly on PancakeSwap and UniswapV3. The team aims to put maximum effort into the development of this direction.
The second direction implies providing liquidity for DeFi protocols. Gotbit is ready to provide liquidity to DeFi aggregated liquidity protocols such as Convex or Curve analogues on new blockchains, as well as decentralized bridges, decentralized Azuro-like applications and decentralized DeFi aggregators going to L1, such as Aptos or Sue. Right now, Gotbit is already providing around $6,000,000 in liquidity to DeFi protocols. The main DeFi protocol that Gotbit has provided liquidity to is Wombex, a Convex analog on the BNB smartchain. The minimum ticket size of liquidity provision from Gotbit to other DeFi protocols and DAPP is $200,000 and the maximum is capped at $3,000,000. The company is ready to consider different conditions for freezing this liquidity as well.
It’s important to note that when the project applies for a liquidity provision program from Gotbit, it should pass at least two audits from top auditors, who are also Gotbit’s partners and backers. Among them Hacken, CertiK, or PeckShield (to be completed) can be mentioned. Gotbit’s experts will also dive deep into the project and do their own research before providing liquidity to DeFi protocols.
“We at Gotbit are very enthusiastic about opening this program. Red market is the space of opportunities, and we see how many startups are being launched right now. Liquidity is a tool that is always in demand, and Gotbit is ready to provide its users with the best market solutions as we always do”, said Alexei Andryunin, CEO Gotbit.
Due to the increasing frequency of DeFi hacks, Gotbit development and internal audit team conduct an internal resurvey and denies 80% of projects applying for liquidity. Also in the run-up to Q2 2023, Gotbit’s analysts give preference to providing liquidity in stablecoins rather than native tokens of popular blockchains.
Over the years Gotbit has established itself as a key strategist in the field by expanding its network and has won the trust of various stakeholders by assuring their optimum growth. It continues to strengthen the blockchain industry through its consistent support and various flourishing projects. One thing is certain, Gotbit plays an important role in the crypto ecosystem and is only planning to expand their footprint and accelerate new projects.