🌊 Liquidity Pools for Existing myXXX Tokens

Any project can create a liquidity pool made up of myXXX and their own token. We recommend that interested projects directly contact the Magic Yearn team so we can add the liquidity pool to the automatic syncing process of the myXXX token.

If a project wishes to do this on their own, they can call the .sync() function on the liquidity pool’s token contract whenever a reflow occurs or in a fixed interval (recommended at least once per day). If this is not done properly, reflows may occur at an unfair price for the first trade (each swap also syncs with the liquidity pool after the trade).

Project Benefits

As long as the added liquidity pool and other myXXX token pools have enough liquidity to trigger arbitrage bots where arbitrage trades occur. Because of the unique structure of myXXX, the reflows will also appear as liquidity pools, which means each pool’s TVL will increase over time 📈

Therefore, liquidity pool owners will accumulate myXXX tokens and paired tokens within each pool (see more about this process in our dashboard).