PopTown announced last Friday, August 13, through its Twitter account, that AllianceBlock and Bridge Mutual launched their second Mutual Liquidity Fund (MLP) on the platform.
“Today we are pleased to announce that AllianceBlock and Bridge Mutual have decided to launch their second Mutual Liquidity Fund (MLP) in POP! Resetting this MLP sends a strong message to the market, by showing how committed AllianceBlock and Bridge Mutual are to showing their sincerity behind their partnership. After a successful premiere launch, both teams have decided that a second MLP would be the right step for their communities”, he said through an article published on the Medium platform.
Details on MLP
The company commented that AllianceBlock and Bridge Mutual have decided to reestablish the MLP under the same conditions as the previous MLP. This means that they will lock in $50,000 of liquidity each (in their native tokens), thus creating a $100,000 ALBT / BMI pool of liquidity on Uniswap (V2), which will be reflected on the POP! For user participation through unilateral liquidity provisioning, as well as standard liquidity provisioning (double-sided). In addition, both agreed to run their MLP for a duration of 180 days, starting on August 13, 2021, at approximately 20:00 UTC and concluding on February 9, 2022, at approximately 20:00 UTC.
He further noted that while the bonus rewards have been committed, they will nevertheless only go into effect once our Candy Farms have been launched. “This means that users will cultivate POP! tokens in the MLP, and once Candy Farms goes live, POP! holders will be able to bet their POP! tokens and earn sweet bonus rewards! We will make an announcement once this is published, so that he is ready to grow until his sweet tooth is satisfied”, he said.
Mutual Association AllianceBlock x Bridge
The company explained that through this partnership, Bridge Mutual and AllianceBlock will provide traditional investors with a DeFi-compliant bridge protected by decentralized coverage.
“AllianceBlock will integrate Bridge Mutual into its P2P loan, investment and NFT platform, allowing Bridge Mutual to provide coverage to lenders and investors. Bridge Mutual will also work to monetize its platform through the AllianceBlock data tunnel. Additionally, Bridge Mutual will join AllianceBlock’s pioneering multi-pair liquidity mining platform to offer BMI token holders instant liquidity through betting, with high APY rewards for a variety of pairs”, he highlighted.