🔥Bunni has taken over
@fraxfinance
liquidity🔥
Since Bunni launched $oLIT incentives last Monday, the Bunni FRAX-USDC pool has processed over $25.75m of $FRAX trading volume.
This makes Bunni THE largest liquidity source for swapping between $FRAX and other stablecoins.
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Over the same period, the Curve frax pool saw $12.21m volume, and the frax-usdc pool saw $8.83m. Combined, that's $21.03m.
However, the Curve frax & frax-usdc pools have $945.9m TVL, where as Bunni only had $3m TVL on average!
This makes Bunni a whopping 386x more efficient🤯
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Bunni LPs are also earning a higher APR from swap fees.
The Curve frax pool saw 0.2% APR over the past week, and the frax-usdc pool saw 0.049%.
Bunni LPs are currently earning 5.71% APR. Not to mention $oLIT rewards.
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Within a week, Bunni has utterly dominated the liquidity for
@fraxfinance
, a billion dollar stablecoin. And we're barely breaking a sweat😛
If you're a project that wants to incentivize liquidity efficiently, a bribe marketplace for Bunni is coming *very* soon🚀 🦋 🤑
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📈Bunni's FRAX/USDC pool has processed over $100m volume📈
Since 1/23, over $107.86m of
@fraxfinance
have been traded through Bunni's liquidity on
@Uniswap
v3. On average that's $4.31m/day!🤑
Bunni remains the most popular liquidity source for trading FRAX🚀
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@Timeless_Fi
@fraxfinance
You guys have any documentation? I haven't been able to find any links to it.
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@Timeless_Fi
@fraxfinance
Why you say Bunni and Defilama also has your project name as Bunni but your twitter is Timeless Finance?
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