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The IQ token now has over $3 million in Liquidity on Fraxswap

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Sun Sep 25 2022

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The IQ token has gained over $3 million in liquidity on Fraxswap since listing in June. FraxSwap, is the most innovative and capital-efficient Time Weighted Average Market Maker for trustless monetary policy in DeFi.

As of August 11, 2022, the APR on Fraxswap ranges from 60%-250%! Anyone can now earn FXS and IQ token rewards on Fraxswap on Frax Finance by providing liquidity to the FRAX/IQ pair on Fraxswap. 

Here is a guide on how to supply liquidity to the IQ/FRAX pool on Fraxswap. To start earning IQ and FXS rewards, supply liquidity to the IQ-FRAX pair on Fraxswap and then stake the LP tokens here to earn both FXS and IQ tokens as rewards.

Note: You must stake the LP tokens otherwise you will not receive any rewards.

Fraxswap is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by Frax Finance.

Liquidity and trading volumes on both centralized and decentralized exchanges have grown rapidly over the last month. IQ saw over $96 million in volume in the last week on Upbit alone. On decentralized exchanges, the IQ token has shown impressive growth in volume with more than $11,973,866 on Ethereum via Sushiswap, $8,560,000 on Fraxswap and more than $346,000 on Polygon via Fraxswap. The demand and liquidity for the IQ token on both centralized and decentralized exchanges are growing rapidly. DEX demand and liquidity has also grown quickly with IQ’s yield farming integration with Frax Finance on Fraxswap.

This rapid growth comes at the perfect time as the launch of the brand new Everipedia Encylopedia nears. 

About Fraxswap

Fraxswap is the first constant product automated market maker with an embedded time-weighted average market maker (TWAMM) for conducting large trades over long periods of time trustlessly powered by FraxFinance.

Frax is the first and only stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The stablecoin (FRAX) is named after the “fractional-algorithmic” stability mechanism. The ratio of collateralized and algorithmic depends on the market’s pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

FRAX: is the stablecoin targeting a tight band around $1/coin.

Frax Shares (FXS): is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

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About IQ

The IQ token is a cryptocurrency dedicated to funding the future of knowledge. The IQ token powers the world’s largest crypto encyclopedia. IQ token holders govern the platform and participate in the growth of the platform through IQ token staking rewards with HiIQ as well as NFT rewards for stakers. The IQ token is also backed by BrainDAO, a treasury composed of IQ tokens, Ethereum, stablecoins, blue chip NFTs, and other assets.

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