Telcoin x Balancer: Phase 1

  • Create open, accessible, and highly liquid markets for TEL.
  • Optimize TEL-denominated remittances and future product offerings in the Telcoin platform to be as cost effective as possible for end users by reducing slippage.
  • Reward long term TEL holders for providing the value of creating more liquid TEL markets in a sustainable manner (read TEL Liquidity Mining).
  • Ensure execution, clearing, and settlement of TEL trading within the Telcoin platform takes place automatically, on chain, without middlemen.

Telcoin x Balancer

  • Flexibility
  • Programmability
  • Functionality
  • Inclusivity

Balancer overview

Introduction

Balancer Stats

Source: https://defipulse.com/Balancer

Balancer characteristics

How Balancer works

Examples

Balancer features

Pool types and use cases

  • Adjustable pool weights
  • Adjustable fees
  • Add or remove tokens
  • Pause swaps/trading
  • Whitelist liquidity providers

Types of smart pools

Comparing Balancer & Uniswap

How to use TEL on Balancer

  • Swapping ETH for TEL
  • Adding liquidity to the TEL-ETH 80/20 Balancer pool
  • Removing liquidity from the TEL-ETH 80/20 Balancer pool
  • Creating new pools

How to buy TEL on Balancer

  1. Navigate to https://balancer.exchange/#/swap

How to add liquidity to the TEL-ETH Balancer pool

  1. Head on over to the TEL-ETH 80/20 pool https://pools.balancer.exchange/#/pool/0x6cb5c5cb789fae62ce5ce280e1fbc5dd3bbdad81/.
7

How to remove liquidity from the TEL/ETH Balancer pool

  1. Removing liquidity is very easy. First visit the TEL-ETH 80/20 pool page.
  2. Click “Remove Liquidity,” choose how much you would like to withdraw as a percentage of the total, and confirm on your ethereum wallet.

How to create a new Balancer pool

  1. Navigate to https://pools.Balancer.exchange/#/pool/new.

--

--

--

Send Money Smarter.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How Institutional Investment Will Change the Crypto Asset Market

What made 2019 so important? A reflection on PSD2, SCTINST, Open Banking, CBDC and Climate Change

GCP: Gross Crypto Product

Rebranding and project updates

Bybit x OpenBox LaunchPad: Win 300,000 $OBX Token

Golfinch.Finance.

LBank AMA Recap with LDX

OlympusDAO Ω ($OHM) is Using Community-governed Monetary Policy to Reach a Lofty Goal.

Source: https://commons.wikimedia.org/wiki/File:Mt-olympus_gods.jpg

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Telcoin

Telcoin

Send Money Smarter.

More from Medium

TroveDAO | Empire Capital | RacewayX

Fantom Network now LIVE on RocketX Exchange

Telcoin Community Update, Volume 8

New Exchange Listing: Poloniex