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In a world where decentralized finance (DeFi) is fast reshaping financial landscapes, a protocol named Good Entry emerges as a beacon of innovation. This article explores the Good Entry protocol, dissecting its features and benefits to traders and liquidity providers. As you read through, you'll find that Good Entry isn't just a protocol, but a harmonious ecosystem built to foster community collaboration, enhance trading experiences, and generate passive income seamlessly. Here's a glimpse into the Good Entry protocol, a gateway to simplified yet lucrative DeFi engagements.
Building a Cohesive Community: Good Entry is keen on building a united community where members join forces with a core-contributor team led by Kisugi (@JMY0x) to nurture a thriving ecosystem. The tokenomics of the protocol is designed to foster community growth and engagement. For instance, 15% of the tokens are allocated during public launch via an Initial Farm Offering (IFO) to contribute to Protocol Owned Liquidity, which aids protocol development. Additionally, a 5% Pre-Mining program, distributed over six months, is set up to keep the community engaged and incentivized.
Protected Perpetuals: A Revolution in Day Trading: One of the standout features of Good Entry is Protected Perpetuals, a simplified trading instrument that aims to break the cycle of significant losses in day trading. Unlike regular perpetual contracts, Protected Perpetuals allow traders to take long or short positions without the fear of being liquidated by price. When a trader opens a position, they essentially purchase options on a block by block basis until the position is closed. This model reduces the chances of significant losses and provides a learning curve for traders. For instance, a trader who opens a position at $1,900 and faces a market decline to $1,771 only incurs a negligible loss compared to what would have been incurred with a stop loss mechanism.
ezVaults: Your Passport to Passive Income: The Good Entry protocol introduces ezVaults, a user-friendly "set-and-forget" strategy for yield farmers to earn passive income. Yield generation is primarily sourced from positions deposited in Automated Market Makers (AMM) when traders swap in positions. The vaults are optimized for maximum yield generation and are rebalanced based on market conditions. The entire process is automated, allowing users to earn passive income without the need to constantly manage their investments. For instance, liquidity supplied to ezVaults is distributed into four separate Uniswap V3 positions, each termed as tickers. As traders execute swaps and the market price of underlying assets crosses these tickers, swap fees are generated, thereby creating a cycle of yield generation and reinvestment.
Auditing for Enhanced Security: To ensure a secure environment, Good Entry has had its contracts audited by reputable firms such as Protofire, Peckshield, Code4rena, and Slowmist. The continual auditing process underscores the protocol's commitment to maintaining safety and trust within its community. The audits, initially done under the project name Roe Finance, can be accessed publicly, thereby promoting transparency and trustworthiness within the ecosystem.
Conclusion: The Good Entry protocol is a blend of innovation, community engagement, simplified trading, and passive income generation. It's a testament to the limitless possibilities within the DeFi space when protocols are built with the user's ease and financial growth at the core. Whether you are a trader, a liquidity provider, or a community enthusiast, Good Entry holds a promise of a good entry into a world of decentralized financial opportunities.
In a world where decentralized finance (DeFi) is fast reshaping financial landscapes, a protocol named Good Entry emerges as a beacon of innovation. This article explores the Good Entry protocol, dissecting its features and benefits to traders and liquidity providers. As you read through, you'll find that Good Entry isn't just a protocol, but a harmonious ecosystem built to foster community collaboration, enhance trading experiences, and generate passive income seamlessly. Here's a glimpse into the Good Entry protocol, a gateway to simplified yet lucrative DeFi engagements.
Building a Cohesive Community: Good Entry is keen on building a united community where members join forces with a core-contributor team led by Kisugi (@JMY0x) to nurture a thriving ecosystem. The tokenomics of the protocol is designed to foster community growth and engagement. For instance, 15% of the tokens are allocated during public launch via an Initial Farm Offering (IFO) to contribute to Protocol Owned Liquidity, which aids protocol development. Additionally, a 5% Pre-Mining program, distributed over six months, is set up to keep the community engaged and incentivized.
Protected Perpetuals: A Revolution in Day Trading: One of the standout features of Good Entry is Protected Perpetuals, a simplified trading instrument that aims to break the cycle of significant losses in day trading. Unlike regular perpetual contracts, Protected Perpetuals allow traders to take long or short positions without the fear of being liquidated by price. When a trader opens a position, they essentially purchase options on a block by block basis until the position is closed. This model reduces the chances of significant losses and provides a learning curve for traders. For instance, a trader who opens a position at $1,900 and faces a market decline to $1,771 only incurs a negligible loss compared to what would have been incurred with a stop loss mechanism.
ezVaults: Your Passport to Passive Income: The Good Entry protocol introduces ezVaults, a user-friendly "set-and-forget" strategy for yield farmers to earn passive income. Yield generation is primarily sourced from positions deposited in Automated Market Makers (AMM) when traders swap in positions. The vaults are optimized for maximum yield generation and are rebalanced based on market conditions. The entire process is automated, allowing users to earn passive income without the need to constantly manage their investments. For instance, liquidity supplied to ezVaults is distributed into four separate Uniswap V3 positions, each termed as tickers. As traders execute swaps and the market price of underlying assets crosses these tickers, swap fees are generated, thereby creating a cycle of yield generation and reinvestment.
Auditing for Enhanced Security: To ensure a secure environment, Good Entry has had its contracts audited by reputable firms such as Protofire, Peckshield, Code4rena, and Slowmist. The continual auditing process underscores the protocol's commitment to maintaining safety and trust within its community. The audits, initially done under the project name Roe Finance, can be accessed publicly, thereby promoting transparency and trustworthiness within the ecosystem.
Conclusion: The Good Entry protocol is a blend of innovation, community engagement, simplified trading, and passive income generation. It's a testament to the limitless possibilities within the DeFi space when protocols are built with the user's ease and financial growth at the core. Whether you are a trader, a liquidity provider, or a community enthusiast, Good Entry holds a promise of a good entry into a world of decentralized financial opportunities.
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