Blockchain.com estimates that the global number of crypto wallets is more than 81,000,000. That means every one hundredth human being on earth uses crypto currencies to pay bills or invest in them. This number keeps growing every year. The cryptocurrency business offers new possibilities and opportunities to ordinary users for crypto assets. Additionally, decentralized financing has made it much easier to use cryptocurrencies every day. DEX platforms enable users to not only exchange cryptocurrency one after the other, but they also allow them to earn new types of income, such as staking or liquidity farming. Crypto users have the ability to lend money to market participants, and are guaranteed liquidity payments. This article will discuss the opportunities Alium.Finance provides its users. It also explains what special opportunities it offers for beginners and professionals alike.
What is Alium Finance?
Alium.Finance is an ecosystem for multi-chain DeFi that offers several products. These include a multichain exchange that supports 9 of the most prominent blockchains as well as multi-chain bridges which allow tokens to move between various blockchains. There are also strong holders pools that enable token transfers, hybrid liquidity functions, ALM native token, and the Strong Holders Pool. Alium.Finance is also developing the Play-2-Earn Cyber.City game. In the next few days, this game will also be available. The company launched relatively recently but hundreds of people around the globe choose Alium.Finance solutions. This is because it solves major problems in the DeFi marketplace by providing effective tools to exchange cryptocurrency and make money. Why is Alium.Finance so appealing to users?
Simple exchange of tokens among blockchains
There are currently at least 50 blockchains on the market. On the basis of these, thousands of tokens have been created. It is difficult to trade one token for the other because many blockchains do not exchange information. Let’s take a simple example. It is possible to trade a BEP-20 token, created via BSC, for an ERC20 token supported by the Metis Andromeda Blockchain. Because the blockchains do not have an alignment, it is impossible to transfer tokens as usual.
Here is where Alium.Finance Solutions comes in. To confirm an operation, the user must visit the Alium.Swap website, choose a token to exchange and one to receive, and then click the confirmation button. Thanks to the created bridges between blockchains, the exchange will take only a few seconds, and the operation itself is carried out according to the algorithm: BEP-20 token – ALM token – ERC20 token. The native token from the ALM project is an auxiliary tool that allows the token to be converted between different blockchains. Users pay only 1% for the conversion and it takes just a few seconds to complete the exchange.
Vampiring or Liquidity Migration
Vampiring with cryptocurrencies is nothing to do w/ horror movies. The vampiring function allows you earn more simply by moving liquidity to and fro between different blockchains. This feature was implemented on Alium to allow users to transfer liquidity easily from other DEXs into Alium. ALM tokens are given in exchange for users. They can trade on both decentralized and centralized exchanges. Alium will launch this feature. Finance users can now transfer liquidity to the following locations:
- The Ethereum protocol is Uniswap v2, Sushiswap.
- Pancakes, Bakeryswaps, Biswaps, MDEX and Pancakebunny are all available through Binance SmartChain.
- The following are available on the Polygon network; Quickswap and Honeyswap. Firebird Finance. Dfyn Network. Polycat finance. Polyyeld. Kogefarm.
- MDEX is available on HECO;
- Fantom: SpookySwap, Spirit Swap
- Metis: NetSwap, Tethys.finance;
- Moonriver: SushiSwap;
- Moonbeam: StellaSwap, beamswap;
- Near Aurora: NearPad (io);
Users can already use liquidity migration.
DEX hybrid liquidity
Liquidity is the main issue with all DEXs. The lack of liquidity means that users cannot purchase or sell coins if there are not enough funds available to conduct transactions. This problem also existed in many central exchanges. These exchanges went offline when liquidity was low, so users couldn’t withdraw funds or trade coins. This problem is solved by Alium.Finance’s hybrid liquidity function.
With hybrid liquidity, traders can use the Alium liquidity as well as major exchanges. They then select the most favorable price using an algorithm. Alium is a great DeFi hub, with a lot of network connections. Alium currently supports Blockchains like BSC and Ethereum. You can minimize Cross-Chain Swaps funding, which makes it possible to ensure smooth trading.
Strong Holders Pool – the best solution for passive income
Alium.Finance is another development. Participants can earn tokens simply by holding them in liquidity pools. In 2021 the company launched the Strong Holders Pool. These mechanics can be used to motivate token holders not only to keep the assets for long periods of time, but also to avoid selling them. Participation rules are simple. Each pool has 100 participants. You can then keep the tokens for a set amount of time and receive a reward. There will be a loss for the first 60 participants who leave the pool, and a gain for the 40 remaining users. In proportion to the amount of their pool share, the tokens of those who have withdrew will be distributed among all remaining participants. This system solves multiple problems simultaneously. Token issuers are protected against token price dumps. These can often be observed following a token sale or listing on the DEX/CEX. Users have the chance to make passive income on cryptocurrency. Wait until the pool closes. Alium.Finance currently has nine open pools. A second pool has been created so that any ALM token holder may join at any time. Over 900 participants have signed up for the Strong Holders Pool after its creation.
Summary
DeFi is constantly changing and improving. This creates new opportunities for DeFi users. Alium.Finance provides modern, efficient tools that allow you to earn money from cryptocurrencies. Strong Holders Pool and multi-chain DEX allow you to efficiently manage cryptocurrency assets. You can also increase your holdings and possibly even farm them in the future. Alium. Finance solutions for the most urgent problems within the decentralized finance industry.