PUT YOUR TOKENIZED STOCKS AND COINS TO WORK: Clutch Markets Launches Smart LP, A New Liquidity Pool Protocol That Makes Yield Farming Easy On Robinhood Chain!
11 hours ago
3 min read
Providing liquidity on tokens and tokenized stocks is now as simple as staking on Robinhood Chain after Clutch Markets rolled out its all new Smart LP Protocol, making one of the most lucrative but daunting aspects of crypto as easy as depositing cash into a high yield savings account!
On Tuesday, Clutch Markets launched its all new liquidity pool protocol dubbed Smart LP, inviting anyone and everyone across crypto and beyond to put 63 tokenized stocks, as well as $STONKBROKER, $PONS, $CASHCAT and $AI, to work onchain in just a few clicks!
Smart LP by StonkBrokers combines DeFi strategies surrounding volatility farming with AI powered automated liquidity management, simplifying the process and opening up yield farming to a whole new class of onchain holders who own the assets but have always been intimidated by the complexities of this part of crypto.
With Smart LP, users can choose from several strategies depending on their outlook. They can provide single sided liquidity designed to capture volatility during price spikes, take a steadier approach that earns fees from swaps, or choose a balanced band strategy designed to earn more when an asset trades within a specified range.
After the launch, Clutch Markets Founder 0xSimpleFarmer explained how Smart LP lets users earn fees from the stock token and memecoin pairing meta that has recently gained traction on Robinhood Chain thanks to things like the stock Hims and the memecoin $BONER.
“This new tool by StonkBrokers is one that I believe will revolutionize Robinhood Chain, and Stock Tokens on Robinhood Chain specifically,”. “We are capturing volatility from every attempted meme stock squeeze on Robinhood Chain. We do this by placing a band of liquidity above the price of the Stock (via an easy one click staking button). This band captures the swap fees that occur during price spikes and arbitrage moments on the Stock Tokens themselves. Fees are then compounded automatically into the position, which is periodically rebalanced by our proprietary algorithm.”
Since Smart LP launched Tuesday morning, longtime NFT collectors who had never provided liquidity before began filling the timeline with posts about their first LP positions and the fees they were earning!
One of those users was Vecktor, who put $600 worth of $StonkBroker into a Smart LP strategy and earned $105.45 in fees!
“never added to an LP until today. But @OxSimpleFarmer made it easy,” he tweeted. “In a few clicks i put $600 of $STONKBROKER to work with the Smart LP Volatility Farming.”
Success stories like Vecktor’s are exactly what 0xSimpleFarmer hopes Smart LP will produce more of as Clutch Markets works to make earning from an onchain asset nearly as easy as holding it, while also deepening liquidity across Robinhood Chain, and helping make global ownership a reality!
“When we make DeFi so simple anyone can use it. Crypto becomes the defacto replacement for the financial layer of the world and we all win,” he tweeted. “This revolution starts on RobinHood chain.”
At the time of this article’s publication, $539,100 worth of tokenized stocks and crypto assets was locked in Smart LP. Remember, the protocol is open to everyone, not just StonkBrokers holders, and users can get in on the action now here: https://www.stonkbrokers.cash/locker/smart-lp
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