Pickle Finance

Nov 30, 2021

4 min read

Pickle goes MCML

Multi-Chain, Multi-Layer

At the time of writing, Defi Llama lists 69 chains across the crypto ecosystem. Sixty nine.

Source: Chain TVL — DefiLlama

Moonriver

Moonriver is a community led Ethereum compatible parachain on Kusama — a sister chain to Moonbeam, which in itself is an Ethereum-compatible smart contract parachain on Polkadot. Still with us?

Sneak peek
  1. Saves time — to autocompound an LP position takes at least 5 transactions (more for the first which includes approvals). With a hardware wallet (which we’d recommend anyone in DEFI utilises) that’s a lot of clicks!
  2. Saves gas — yes gas fees are much lower on side-chains, but even they can add up if you are compounding a position daily. If a Moonriver tx costs $0.30 that’s more than $500 over the course of a year.
  3. Compounding an LP position also helps continuously ‘rebalance’ your position — if the value of the pair becomes imbalanced, regularly compounding effectively helps you to ‘buy the dip’ if a token falls in price or vice-versa if it gains.
  4. And of course, compounding positions can create huge gains in value compared to a static APR. Through the power of auto-compounding you are almost guaranteed to outperform managing your own position, unless you have a lot of time on your hands and enjoy paying for the gas. Pickle automates that so you can spend more doing things you enjoy while we maximize your yield returns. Einstein himself recognized the huge power of compounding positions …

Do you plan to earn it, or pay it?

- Pickle Finance