Concentric.fi

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.33 0.0%

Market Cap

$106,061.00 (#6729)

Supply

/

Tags

Arbitrum Ecosystem

More Metrics

Price
52W High price	$6.67
52W High date	11th Nov 2023 (1 year ago)
All Time High (ATH) Date	2nd Oct 2024 (4 months ago)
All Time Low (ATL) Date	2nd Oct 2024 (4 months ago)

Supply & Trading Volume
Trading Volume (24h)	$61.00

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Description

Concentric.fi is an automated liquidity management platform built on Camelot v3 and Arbitrum. The platform revolves around simplifying liquidity provision in DeFi (Decentralized Finance) through cutting-edge technologies.

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Concentric.fi is an automated liquidity management platform built on Camelot v3 and Arbitrum. The platform revolves around simplifying liquidity provision in DeFi (Decentralized Finance) through cutting-edge technologies.

Ease of Liquidity Management

Concentric Finance provides a refined and precise way to manage liquidity by abstracting the complexities of rebalancing. Its intelligent rebalancing strategy dynamically adjusts positions in response to market movements and liquidity demands, ensuring optimal returns for liquidity providers. This automated approach reduces the necessity for constant monitoring and adjustments, which is typically required by traditional AMMs (Automated Market Makers).

Unique Features

• Impermanent Loss Solutions: Concentric Finance Addresses the long-standing concern of impermanent loss for liquidity providers by implementing innovative mitigation strategies that minimize exposure and maximize returns.
• User-Centric Design: The platform prioritizes user experience, making it accessible to both seasoned DeFi professionals and newcomers.
• Transparent Insights: Concentric Finance provides real-time performance metrics, historical data, and fee collection details, ensuring complete transparency for users.

Governance and Community

• Community-Driven Governance: The platform operates under decentralized decision-making where stakeholders collectively shape the protocol's direction through a well-structured governance system that involves voting with the $xCONE token.
• Voting Mechanisms: xCONE token holders can influence emissions to preferred pools, ensuring strategic direction and balance in the ecosystem.
• Partnered Protocols and Protocol Bribes: Concentric Finance fosters collaborations through boosts in voting power and incentivizes liquidity provision by offering 'bribes' from partner protocols, promoting growth within the ecosystem.

Token Purpose

The $xCONE token is used for governance and staking in the protocol, providing users with voting rights. The token has multiple utilities, including directing emissions to preferred liquidity pools and influencing the direction of the platform.

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