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Potion Unlock, a novel release model for decentralized Protocols registered sales of $12 million last January, from renowned DeFi firms and individuals. The Potion Labs team behind the project had previously raised $3.2M in August 2020 from top tier DeFi investment firms.

The project attracted interest from experienced DeFi parties such as Polychain, Placeholder, Pantera, Maven 11, The LAO, MetaCartelVentures, ParaFi, Spartan, Robert Leshner and Tarun Chitra, Fernando Martinelli, Synthetix founders, Crypto Plaza, Roble VC, CULTUR3, Lemniscap, Zee Prime, beToken Capital, among other reputed parties in DeFi.

The $12 million sale is part of a limited pre-release of an upcoming NFT collection that is about to launch as part of ‘Potion Unlock', a novel on-chain community consensus challenge that will take all the protocol code into the public domain. The game is aimed at accelerating decentralization while creating a well defined regulatory framework for dev teams and participants.

In addition to this initial sale, a broader public NFT sale will also take place, and be open to the wider community. Finally, a % of the collection is also being made available to project OG members, who will get an allocation of NFTs in recognition for their contributions to the community. 

The team plans to continue doing research and development in the Web3 space, and is committed to continue working on radically new and high quality public goods.

“We are excited about the opportunity to introduce a new class of services built from the ground up by the community for the community. We believe in a community-first approach to creating radically new technology aimed at helping users in DeFi manage the risk of their assets in a simple and reliable way,” said Guillem Mosquera, PotionLabs Co-founder, and CTO.

"We are deeply grateful to all the great ecosystem community members who decided to support our vision and team at this crucial step. We are experimenting with new approaches to sustainable web 3 public good funding, and are lucky to have innovative supporters in our community willing to enable our explorations. We are excited for them to continue playing a key role in this project's community and beyond," said Jordi Muñoz, PotionLabs Co-founder and CEO.

"Extremely sophisticated on the backend, surprisingly simple on the frontend, Potion ushers in a new era of risk management for DeFi liquidity providers (LPs) and consumers. By using the Kelly Criterion, Potion allows LPs to optimally price options according to their desired risk and yield parameters. Then, by aggregating all individual LP curves, Potion offers the best-priced options to the consumer. When people say DeFi 2.0, Potion sits at the top of that list," said Chris Burniske, Partner at Placeholder.

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About PotionLabs

PotionLabs is a web3-native research and software development company that has developed a robust risk management layer for crypto assets, the Potion Protocol. It pioneers a new risk pricing model based on the Kelly Criterion, that results in long-term survival mathematical expectations for LPs and deeper, more reliable liquidity markets for users. The project is launching shortly through a release mechanism based on NFTs. More on Potion.Finance here: https://potion.fi

PotionLabs Contact

[email protected]

    

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media,...

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Behavior-based financial fraud prevention and compliance platform Sardine has completed a $19.5 million Series A funding round that brings the total raised by the company to $24.5 million.

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According to the President and CEO of Reflex Finance Myles Tweedy, in the first 48 hours, 4,000 holders and 1 million dollars in BUSD had been paid out already.  

"The people are what make this project so special. The team is fantastic. We have an amalgamation of developers from all over the DeFi space, with talent that has already proven themselves."

Disrupting the Crypto Industry

Tweedy mentioned that the primary focus of the Reflex project is to disrupt and revolutionise the industry for the benefit of the general crypto community.

Reflex's launchpad aims to launch projects safely, fairly, and more hassle-free than the current competition. Reflex insures against rug pulls and scams, which it can do while making their investors a lot of money with passive income. 

Tweedy mentioned that crypto has to solve a problem or serve a purpose, and they will do both. Reflex will burn bad actors, and they will not allow people to be hurt any longer. “People are taken advantage of every day, and it's time to change that”, says Myles. The project also has proper customer support for faster contact with the users. 

Earning Passive Income on Reflex

Staking rewards in the native token are available to members of the Reflex community who stake their $REFLEX tokens on the staking dapp. The Reflex Finance staking mechanism is unique in that stakers can get BUSD in addition to $Reflex when they unstake. It's practically the same as having an interest-bearing savings account.

If you unstake the whole money and lose stake incentives, you will be penalized 10%. Reflex will lock in your stake's APR. As a result, the holder, locked in at the current APR, will be unaffected regardless of whether the project develops or shrinks. The staking term extends from 7 to 180 days, with APRs ranging from 5% to 40%.

What the Future Holds For Reflex Finance

According to the Reflex CEO, the future is Reflex. The project has already announced the Legion Launchpad, a game-changer in the DeFi space for upcoming projects. For every project that chooses to embark on the Reflex platform, and for every investor who invests in those projects, the future is bright.

As the CEO puts it, Reflex is looking forward to working with so many upcoming teams and future DeFi leaders in their own right. He also firmly believes that steel sharpens steel. With his team working alongside these new projects day in and day out, the standard operating procedure becomes a product with near-perfect quality.

Reflex has many things lined up to create volume in its ecosystem. By Q4 2022, Tweedy believes that Reflex Finance will be one of the world's top globally recognized crypto projects. "We're going to take over completely, and our competitors should be worried about us."

According to the roadmap, the marketing campaign has only recently begun. We anticipate an NFT marketplace, a $REFLEX staking pool, and dApp connectivity this first quarter. For the second quarter, there will be NFT giveaways, play-to-earn game launches, and DEX listings, among others.

About Reflex Finance

Reflex Finance is a liquidity generating protocol with staking opportunities. Users can buy and hold $REFLEX then earn $BUSD. The project also includes an anti-whale mechanism to safeguard smaller investors. Reflex Finance creates value and engagement through multiple utilities released throughout 2022.

Website: https://reflexfinance.net/ 

Telegram: https://t.me/reflexfinanceOfficial 

Twitter: https://twitter.com/Reflex_Finance 

Instagram: https://www.instagram.com/reflexfinanceofficial/ 

YouTube: https://m.youtube.com/channel/UCIcGozPp0vTrLbtc83AgzFg 

Discord: https://discord.gg/reflexfinance 

Reddit: https://www.reddit.com/r/ReflexFinance/