Pando Swap (4swap) Liquidity Management Resumption
Starting from October 17, 2023, Pando Swap (4swap) will resume liquidity management. Specifically, liquidity providers in 4swap can withdraw liquidity now.
You can check your liquidity in the “Liquidity Mining” section under the “Me” tab after connecting your wallet in the Pando bot @7000105018; or you can directly check with the link https://app.pando.im/swap/pool?tab=account.
Why you are advised to withdraw liquidity of the BTC / ETH / USDT(ERC20)/BOX pools
USDT (ERC20), BTC, ETH and BOX suffered loss in the Mixin Network exploit that happened on September 23, 2023. The loss percentage are 90%, 10%, 70%, and about 92.6% respectively on the current version of Mixin Mainnet.
If Pando Swap (Swap) resumes trading, liquidity providers of the tokens are likely to suffer heavy impermanent loss as the market may set new prices for the above mentioned tokens. So it’s recommended that liquidity providers of USDT (ERC20), BTC and ETH pairs withdraw your liquidity now and then provider liquidity back in again after the market sets new prices for the tokens.
USDT (ERC20) pools include: MOB/USDT(ERC20), XIN/USDT(ERC20), RUM/USDT(ERC20), BOX/USDT(ERC20), pUSD/USDT(ERC20), HMT/USDT(ERC20), USDC(ERC20)/USDT(ERC20), BTC/USDT(ERC20), USDT(ERC20)/USDT(TRC20), EOS/USDT(ERC20), ETH/USDT(ERC20), USDT(ERC20)/USDT(Polygon), USDC(Polygon)/USDT(ERC20), XDC/USDT(ERC20), AVAX/USDT(ERC20), AKT/USDT(ERC20)
BTC pools include: BTC/pUSD, ETH/BTC, BOX/BTC, DOT/BTC, BCH/BTC, wBTC/BTC, AAVE/BTC, AVAX/BTC, MOB/BTC, ATOM/BTC, LTC/BTC, XIN/BTC, DOGE/BTC, SHIB/BTC, LINK/BTC, AKT/BTC, ALGO/BTC, UNI/BTC, ZEN/BTC, XMR/BTC, USDT(ERC20)/BTC, AR/BTC, EOS/BTC, HMT/BTC, MATIC/BTC, FIL/BTC, TRX/BTC, ZEC/BTC, SOL/BTC, XRP/BTC, KSM/BTC, DCR/BTC, XTZ/BTC, DASH/BTC, BSV/BTC, RVN/BTC, XLM/BTC
ETH pools include: pUSD/ETH, XIN/ETH, MOB/ETH, MANA/ETH, HMT/ETH, EOS/ETH, SOL/ETH, USDT(ERC20)/ETH, UNI/ETH, BTC/ETH
BOX pools include: BOX/XIN, BOX/USDT, BOX/BTC, BOX/EOS, BOX/pUSD, BOX/BNB
Q: what’s the plan for the Liquidity Provider tokens (LP tokens) in Rings and Leaf?
A: Please wait for further notice. We will be announcing plans to help users withdraw your LP tokens before Pando Swap (4swap) resumes trading.
Q: When will 4swap resume trading?
A: The initial plan was on October 23 but it may need to be postponed. Please add Pando official bot @7000105018 for notifications.
Q: Do I need to withdraw liquidity of pools NOT containing USDT(ERC20), BTC, ETH and BOX as well?
A: No, you don’t have to.
Q: How long does it take for me to receive tokens after I withdraw liquidity?
A: Usually it will be very quick. For large sums, you may need to allow for some extra time as it needs to pass a security check of the system.
Q: When will the service of Rings and Leaf be resumed?
A: The time is not decided yet. It will be announced after the launch of the new Mixin Mainnet.
The information contained in this article is for informational purposes only and does not constitute financial, investment, or other professional advice. The views expressed in this article are those of the author and do not necessarily represent the views of the company or organization they work for or Pando. Any investment decisions made by the reader should be made after consulting with their own financial advisor and conducting their own research. The author and the company or organization they work for and Pando will not be liable for any financial losses incurred as a result of reliance on the information contained in this article.