Use $ARB to deposit as liquidity (TVL) into ARB/USDC and ARB/ETH positions on Uniswap v3. BrincX is building vaults and analytics focused entirely on increasing Uniswap v3 liquidity on the Arbitrum network. Brincx aims to bring an integrity and credibility layer to DeFi by achieving three primary objectives:
1. Real yield for UniV4 liquidity vaults: a DeFi vaults, that provides rewards in stables and not native protocol governance tokens. Reduce Impermanent Loss on all vault positions and deduct from the APY calculations i.e. REAL APY.
2. UniV3 Analytics: mission to provide the most comprehensive data related to each of the uniswap pool vaults so that users can make informed decisions using blockchain data and analyses.
3.Liquid Vault Derivatives (LVDs): A cryptoeconomic primitive that will allow for the ERC4626 vault tokens to be used as collateral for lending applications built into Brincx
BrincX is a building a real yield application that generates fees for users by providing liquidity to Uniswap v3 pools. Yields are maximized by selecting and optimizing LP positions to increase fees earned while reducing Impermanent loss. The users will profit from the optimized yield LPs on Uniswap as the value of vaults increase over time. Brincx APYs are real values meaning that they are paid in USDC, net of Impermanent Loss, and do not include rewards token boosts.
Brinc_x provides alpha (α) which is its ability to beat the market, or its “edge.” Our alpha is the “excess return” in relation to a benchmark such as the APYs on USDC, DAI, USDT, and ETH on leading DeFi protocols.
Currently, the website displays only one Uniswap v3 position which is held by the protocol. With our mainnet launch schedule for Sep 1, 2023 we will be adding several new vaults and more features on its analytics.
BrincX is one of the earliest projects on Arbitrum originally deployed as Brinc.fi on Feb. 04, 2021 on the Arbirtum network with currently over 226,000 tokenholders.
The Uniswap AMM model distributes 100% of trading fees to LPs; As a result several projects have launched automated yield vaults and strategies and are seeking to provide yields to users that deposit funds to vaults. The problem is that most of the automated yield vaults are actually losing money, paying out in native protocol tokens and not US$, and hiding Impermanent Loss from calculations so as to overstate APYs.
Proper LP position management, strategies, and implementation can provide for better optimized fee yields. Also, more data analytics are needed to provide users with reassurance and objectivity in order to make more informed decisions.
We initially proposed a fair and equitable distribution of the ARB tokens by the foundation to allow for many of the projects that have submitted proposals to receive part of the distribution. With that, we would like to request a total of 250,000 ARB tokens in order to bootstrap our TVL in our $ARB liquidity pool vaults. The $ARB will not be distributed as liquidity incentives, instead will serve as liquidity to for the ARB token on Uniswap v3.
However, we have opted to joined the Liquidity incentive group led by Gauntlet and Arrakis as it has grouped together a large number of the proposals together.