Introducing Smart LP Removal (Beta)
The world of DeFi is an amazing and liberating place, with the supportive community and insane APYs we can get back on our investments. However, Impermanent Loss is something we have to constantly battle in this space.
Being humble miners ourselves, we sought out ways we could help manage and even minimize this occurrence and help our larger community as well, so as to maximize our rewards. With that, we’re excited to announce a new feature on VVS Finance today, Smart LP Removal (Beta)!
Liquidity Providers can now view at a glance how their Farms are doing all in one place and set target conditions for LP removal whilst still earning VVS rewards! Read on to find out more!
Smart LP Removal
Smart LP Removal allows Liquidity Providers on VVS to manage their exit strategy by setting conditions on when to execute the LP removal. Simply set the amount of LP tokens you would like to remove, the desired target amount for each component token, approve the smart contract transaction and you’re done! The Smart LP Removal will only be executed once the conditions are met.
In the meantime, while waiting for the order to be executed, continue earning that sweet sweet VVS! Liquidity Providers will be able to view the APR they are currently earning on their LP tokens and harvest their rewards at their convenience.
We have also introduced a new “My Liquidity” tab under the Dashboard page as a convenient way for Liquidity Providers to see all their pending Smart LP Removal orders waiting to be executed
For Liquidity Providers who decide to not use this feature and would like to immediately remove their LP tokens, the current instant removal method is always available.
A full detailed guide on how to use Smart LP Removal can be found here
We are constantly pushing the boundaries in the DeFi space and will continually innovate to introduce new and useful features for our community. If you have any features you would like to see, join our community here and drop us a message!
Happy Mining! 💎⛏
