NUX meaning in Cryptocurrency ?

Cryptocurrency Miscellaneous in Cryptocurrency . 2 months ago

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Peanut is an advanced price balancer tool. With Peanut, 90% of the LP liquidity goes directly into the Uniswap pool. The other 10% goes into the Peanut protocol, to serve as a price balancer. Just as a peanut bean consists of two edible parts (known as cotyledons, FYI).

Peanut divides LP assets into two parts:

90% is used for providing liquidity on Uniswap or via another DEX (pull with paired tokens)

10% is used for automatic multi-level price balancing between Uniswap, other DEXs and CEXs.

reference

Posted on 28 Oct 2024, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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