| Developers: | Binance |
| Date of the premiere of the system: | 2020/09/04 |
| Branches: | Internet services, Financial services, investments and audit |
| Technology: | Trade automation systems |
Content |
2020: Binance Liquid start
On September 4, 2020 Binance, global a blockchain company, the managing director of cryptocurrency exchange, announced Binance Liquid start.
Binance Liquid Swap is under construction on the different pools of liquidity allowing to exchange cryptoassets, using an algorithm of pricing of the automatic market maker (AMM) instead of the book of orders. Thus price stability and lower commissions for small and large transactions where users act as liquidity providers by adding of means in a pool is provided. Function of instant exchange will provide liquid trade pairs and funds deposited in a pool with the corresponding 7-day annual percent yield (APY): USDT/BUSD (15%), BUSD/DAI (14%) and USDT/DAI (12%). When using AMM means will be automatically converted into two cryptoassets from a pool.
 | We hope for the further growth of the DeFi market, and therefore we try to give to our users as much as possible opportunities for earnings using liquidity of the centralized AMM pool whose security and reliability is provided to Binance — the CEO of Binance Changpeng Zhao (CZ) told. — Using Binance Liquid Swap we are going to stimulate the further growth of the DeFi market. Instant exchange will allow retail users to provide liquidity, requirement in which grows as DeFi-products attract the increasing volumes and number of participants. Such stimulating pool will do good to community as it is created by community. |  |
The transaction commission and the price between two cryptoassets available in each pool on Binance Liquid Swap, are defined by quantity of assets in a liquidity bullet. Traders influence the price of cryptoassets, exchanging or adding means to a liquidity pool; the traders who are taking away means from a liquidity pool also participate in a marketmeyking.
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