Welcome to Gemnify
Accelerating Stablecoin Adoption
What is Gemnify
Gemnify is a cutting-edge platform dedicated to addressing the challenges of stablecoin utility within the crypto world. By accelerating stablecoin adoption, Gemnify empowers users with seamless solutions tailored to the growing demands of the digital economy.
Gemnify offers:
Spot Swap: Fast and low-cost swaps between stablecoins.
Risk-Free Hedging: High-leverage trading on pegged assets with extra protection.
Yield Earnings: Competitive yield generation for liquidity providers.
Card Payment (Coming Soon): Simplifying everyday use of stablecoin holders.
Gemnify currently supports leading stablecoins, including USDT, DAI, USDe, GHO, and WUSD. Built on the Arbitrum network, the platform ensures a low-cost, secure, and efficient environment for all users.
How to Participate
Gemnify provides a versatile platform where users can participate in multiple roles, each tailored to their goals and needs.
Stablecoin Holder: Users can seamlessly swap between supported stablecoins, benefiting from potential arbitrage opportunities. To mitigate the risk of depegging, holders can hedge their positions by creating short positions on stablecoin pairs, ensuring better protection against market fluctuations.
Trader: Traders can utilize USDC as collateral to open leveraged positions on stablecoins with up to 1000x leverage. By implementing advanced swap rate protection and utilizing a comprehensive price feed aggregated from multiple exchanges, Gemnify minimizes the risk of unwarranted liquidations due to price volatility. This creates a stable and reliable trading environment for users seeking high-leverage opportunities.
Liquidity Provider: Liquidity providers can deposit stablecoins—USDC, DAI, USDT, USDe, GHO, or WUSD—into Gemnify to supply liquidity and mint ULP (Unified Liquidity Provider) tokens. This allows users to earn passive income through transaction fees while supporting the platform’s liquidity ecosystem.
Stablecoin Issuer: Gemnify equips stablecoin issuers with powerful tools to effectively manage liquidity, support hedging activities, and maintain stable exchange rates. This comprehensive solution enables issuers with the long-term stability and utility of their assets.
Why Gemnify
Zero Price Impact: Gemnify’s model ensures that trades are executed at Oracle-based prices within a specific range, with no price discovery or slippage from large trades. This is a significant advantage over AMM protocols.
Depeg Protection: To better protect Gemnify's users from unexpected liquidations, the protocol halts swaps, order execution and position openings if the token price depegs beyond 4%.
Risk-free Hedging: Traders on Gemnify can hedge against their large spot holdings with confidence. With a set price cap, they can maintain short positions without the risk of liquidation caused by sudden price spikes above the cap. This feature provides traders with a low-risk hedging solution, offering reliability even under volatile market conditions.
Low Trading Fee: Gemnify provides a highly competitive fee structure, with trading fees ranging from 0% to 0.1%, offering a cost-effective solution compared to similar platforms in the market.
Security
While no platform can be deemed entirely risk-free, it's essential to acknowledge the potential risks. The Gemnify team diligently implements a range of comprehensive measures, including testing, audits, bug bounties, and more, to effectively mitigate these risks.
Smart contract Risk: bugs and vulnerabilities within the protocol code.
Liquidation Risk: lose collateral to liquidation due to significant price fluctuation.
Counterparty Risk: liquidity providers function as counterparty to traders, and they may incur losses if the majority of traders make profits that are sourced from the pool to which liquidity providers contribute liquidity.
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