We are pleased to announce that now Rupiah Token (IDRT) has stronger liquidity on UniSwap. As one of the liquidity providers, our mission is to provide robust liquidity to give the users the best trading experience and low slippage on UniSwap. We are hoping with this liquidity improvement, we can minimize the slippage when users are swapping IDRT through UniSwap.
UniSwap V3 is the 3rd edition of the decentralized financial (DeFi) token automated trading protocol, with updates to improve certification and provide greater control, and flexibility for individual liquidity providers. Furthermore, along with this innovative design upgrade, the gas swap cost of the V3 is cheaper than before.
About UniSwap V3
UniSwap is a decentralized exchange protocol built on Ethereum. More precisely, UniSwap is an automated liquidity protocol that does not have an order book or centralized party needed to make trades. UniSwap allows users to trade without intermediaries, with a high degree of decentralization and censorship-resistance. Additionally, UniSwap focuses on the power of Ethereum to reimagine token exchanges.
After launching UniSwap V1 and V2, UniSwap V3 was introduced on 23 March 2021, with several updates and improvements. In UniSwap V3, liquidity providers (LPs) can concentrate their capital in specific price ranges, providing larger amounts of liquidity at desired prices. Furthermore, UniSwap V3 allows for different levels of fees, whereby LPs are compensated accordingly for taking on different levels of risk.
Moreover, UniSwap V3 brings the newest features that make it the most flexible and efficient automated market maker (AMM), such as:
- LPs can provide liquidity with up to 4000x capital efficiency, earning higher returns on their capital
- Capital efficiency paves the way for low-slippage trade execution that can surpass both centralized exchanges and stablecoin-focused AMM
- LPs can significantly increase their exposure to preferred assets and reduce their downside risk
- LPs can sell one asset for another by adding liquidity to a price range entirely above or below the market price, approximating a fee-earning limit order that executes along a smooth curve
About Rupiah Token
Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchains namely Ethereum (ERC-20) and BNB Smart Chain (BEP-20). We are the first and most adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to the fiat Indonesian Rupiah at any time via the mobile wallet app (https://pintu.co.id). We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.