1.Crema Finance what is it?
: is Defi 2.0 on Solana, Crema is equivalent to Uniswap V3 on Solana.
2.What is CLMM?
The core feature of Crema is CLMM, an algorithm that allows liquidity providers to specify a desired price range for the trading pairs they inject into the liquidity pool.
3.How is it different from AMM?
Model of AMM: This model is determined by the ratio between the balances of Token A and Token B, corresponding buyers and sellers, so it does not provide liquidity providers to choose a price range.
At times, prices in AMM mode may deviate from fair market prices where you, as a liquidity provider, do not want your assets to be traded. But you have no choice.
In contrast, as a liquidity provider in our CLMM pool, you can choose the price range in which you want to offer assets.
For example, you add some liquidity to the SOL-USDC pool and set the price range to $200 to $240. In this case, your liquidity is only valid if the pool is trading between $200-$240, otherwise it will not be used.
Both liquidity providers and traders can benefit from our CLMM.
For traders, they can enjoy better prices and less slippage as most of the liquidity will increase around the market price.
For liquidity providers, there are two main ways to benefit: one is to greatly reduce impermanent losses. The reason is very simple, liquidity providers can choose their own price range, so there is no need to worry about impermanent losses. The second is to improve capital efficiency. Because most of their liquidity is added within the market, the overall capital efficiency is increased by 10-50 times.
4.The importance of Crema Finance og role, encourage more people to join the ambassador team, let more people get rewards when they join
The first step for beginners to participate, it is recommended that you read the information marked in the discord channel first. The current activities for newcomers are:
https://ringed-sidecar-975.notion.site/Crema-NFT-3b6b8f1e9f084e8abf76e58df6e28f05
After becoming og, you can apply for the ambassador program. We will provide each ambassador with the benefits of being an ambassador:
1.Exclusive NFT Avatars，
2.Exclusive Ambassador Key - 100% $CRM Rewards,
3.whitelist assignment,
4.Dedicated Ambassador Group - Communicate directly with the core team on announcements and promotions from Crema Official
5.Exclusive invitations to product testing and events Early news and information about Crema and the crypto industry~
6.Right to propose on Crema's roadmap Eligibility to co-host community ama and various events
Here are the details of the CremaFina ambassador program:
https://medium.com/@luojiawen68/crema-finance-全球大使计划-90685394b4b4
5.Caffeine activity and its importance to our ido
Before our upcoming IDO, we launched a warm-up campaign: Users who provide liquidity on Crema can stake their CLMM NFTs in specific caffeine farm pools to receive rewards To better motivate our loyal users Users who provide liquidity in our crema can earn caffeine credits, and when users get enough caffeine, they can use it to mint NFT keys. There are 5 different levels of NFT keys, each requiring a different amount of caffeine to mint.
https://app.crema.finance/#/farming
Summarize:
Crema Finance is a powerful centralized liquidity protocol that provides exceptional performance for traders and liquidity providers. Crema deployed the first Centralized Liquidity Market Maker (CLMM) algorithm on the Solana mainnet, allowing users to add liquidity within a specified price range. Crema aims to redefine capital efficiency and transaction depth in the non-evm ecosystem through its CLMM infrastructure and a range of ancillary innovations.
Finally, I wish you all to earn what you want in solana, LFG!
Crema Finance Twitter:
https://twitter.com/Crema_Finance?t=WZXbLYR_z-rmkxb15Mf5Nw&s=09
Crema Financial Discord:
my twitter:
https://twitter.com/enna66689403?t=4Sk6gF4D1X04TmES22GGjg&s=09