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WEMIX Announce it Will be a Liquidity Provider on Uniswap

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WEMIX announce it will be a liquidity provider on Uniswap

WEMIX, a Blockchain Gaming Platform developed by WEMIX Pte.Ltd announced on Tuesday, July 26, that it will provide liquidity on Uniswap, the decentralized exchange (DEX) of Ethereum, aiming to leap forward as a global leader with its interoperability in Ethereum’s most prominent blockchain ecosystem in the world.

WEMIX, which provides services including Cryptocurrency Wallet, Token Decentralized Exchange, NFT Item Marketplace, WEMIX Staking, and the Game Gateway, strives to become a leading blockchain project in the world by expanding its usability. Upping its usability, WEMIX Team has created WEMIX/USDC pool by providing liquidity on Uniswap. In Ethereum, you can now trade WEMIX with users worldwide, and new services can be created utilizing its coin.

Uniswap WEMIX/USDC Pool on Ethereum

For better capital efficiency, WEMIX/USDC pool is created in Uniswap V3, which mainly features its ‘Concentrated Liquidity.’ WEMIX Team provided the liquidity of 1.6 million WEMIX in total, and in doing so, 0.8 million WEMIX and additional USDC worth 0.8 million WEMIX tokens were used for creating a paired pool.

WEMIX announce it will be a liquidity provider on Uniswap

That is, 0.8 million WEMIX reserved by the team were exchanged into USDC, and all of the exchanged USDC amounts were provided to create the WEMIX/USDC pool.

Liquidity Pool serving as a bridge between Ethereum and Klaytn

The team said in their recent blog, “Our team will continue our best efforts until WEMIX stands firm as “key currency” in the global blockchain market.”

The Team has worked closely with Multichain to open a bridge for WEMIX from Klaytn to Ethereum and used this bridge to provide liquidity. The Cross-Chain interactions (Klaytn <> Ethereum) are created by a highly credible bridge partner that can provide safe ways for different blockchains to communicate.

“We believe that being a Liquidity Provider on Uniswap of Ethereum is a huge step forward in the global blockchain market. This opportunity will open the door for the WEMIX ecosystem for a quantum breakthrough; with its interoperability with the WEMIX3.0 mainnet.”

Also, Multichain Bridge is the biggest bridging platform that connects EVM (Ethereum Virtual Machine) chains, and it plans to support bridging the WEMIX3.0 mainnet shortly.

About WEMIX

WEMIX is a Blockchain Gaming Platform developed by WEMIX Pte.Ltd. WEMIX Pte.Ltd is a Blockchain business dept. Of Wemade, the Developer and Owner of “The Legend of Mir” IP, a highly successful game with over 500 million users. WEMIX$, the official Stablecoin of WEMIX3.0, is used for implementing sustainable stability and scalability by facilitating its use in transaction mediums for various games and services onboard the WEMIX platform