Partnership Announcement: Andromeda x Shade Protocol
We're thrilled to unveil a groundbreaking collaboration between Andromeda and Shade Protocol, built on Secret!
Shade is integrating with Andromeda as our FIRST Cosmos DEX, to offer their users an unparalleled opportunity to utilize $ANDR tokens in trading, swapping, yield farming, and more.
Shade Protocol is an array of connected privacy-preserving DeFi applications built on the Secret Network. These key applications are stablecoins, governance, bonds, staking derivatives, insurance, synthetics, lending, DEXs, and more. Using the power of the Secret Network’s tech stack via privacy-preserving contracts, all of the key Shade Protocol DeFi applications inherit the properties of programmable privacy, while protecting users’ financial data.
The benefits of partaking in a DEX liquidity pool are many, but there are three that stand out to us:
Community
Joining forces with Shade to fuel a Decentralized Exchange (DEX) liquidity pool is an exciting stride for the Andromeda community. This strategic partnership grants our dedicated supporters exclusive access to the $ANDR token before it debuts on centralized exchanges (CEX). It's our way of expressing profound gratitude to the community that has stood by us, steadfast and supportive, throughout our remarkable journey. By providing early access to the $ANDR token through this DEX liquidity pool, we aim to prioritize and reward the unwavering commitment of our community members, offering them a unique opportunity to be at the forefront of Andromeda's evolving narrative.
To our community: Your support has been instrumental, and this partnership is a testament to our shared journey toward a decentralized and innovative future. Thank you for being an integral part of Andromeda!
Exposure and Adoption
By integrating into a popular DEX through this collaboration, Andromeda significantly amplifies its visibility within the crypto space. Joining this liquidity pool not only enhances accessibility for existing supporters but also introduces the $ANDR token to a diverse and expansive audience. This partnership opens the door for engagement with users who actively participate on the Shade platform, broadening the project's reach and cultivating a community of diverse stakeholders. This move aligns with Andromeda's commitment to innovation and inclusivity, ensuring that the project's narrative resonates with an ever-expanding audience in the dynamic landscape of decentralized finance.
Increased Liquidity
Through the strategic contribution of tokens to the $SHD / $ANDR liquidity pool, Andromeda actively bolsters the overall liquidity of the trading pair. This infusion of liquidity, not only facilitates smoother transactions but also reduces slippage, allowing users to buy or sell $ANDR tokens with greater ease and efficiency. The increased liquidity aims to minimize the impact of market orders on the token's price, providing a more stable and user-friendly trading environment. Users will need to swap some $ANDR tokens into $SHD before entering the liquidity pool. They can enter other liquidity pools by swapping other tokens but the only Andromeda pool is $SHD / $ANDR.
This partnership with Shade underscores Andromeda's commitment to enhancing the liquidity infrastructure of its native token, creating a more vibrant and accessible ecosystem for both seasoned and new participants alike.
Shade users will be able to swap their $ANDR for over 40 privately wrapped tokens including:
$SHD
$SILK
$SCRT
$wstETH.axl, $WETH
$WBTC
$TIA
$KUJI
$dYdX $FINA
$stkATOM, $qATOM, $ATOM
Save the Date: Twitter Space on Friday, December 21st at 5PM UTC/ 12 PM ET!
Join us for an insightful discussion with the Andromeda team, and Shade Protocol, hosted by Secret Network. We'll delve into the details of this pioneering partnership and address your burning questions. You can RSVP here.
Stay tuned as we release more details, incentives, and updates for the Shade DEX liquidity pool. And once again, thank you to the Andromeda community!
About Andromeda
Andromeda is an all-on-chain suite of products, tools, and utilities enabled by a decentralized operating system called aOs, or the Andromeda Operating System. aOS is designed to make Web3 simpler and building on-chain Easier, Better, Faster.
aOS allows users, creators, and developers to rapidly build dApps, dropping development time from months to minutes. Developers can compose ADOs and dApps across the Cosmos Ecosystem and beyond to maximize their total addressable market and interoperability with the best Web3 projects and purpose-built blockchains.
aOS is where Web3 starts.
Disclaimer
Andromeda and its partners are new and experimental technologies. This article does not constitute investment advice and is subject to and limited by the Andromeda disclaimers, which you should review before interacting with the protocol.