What is Poolside? Recent News, Fundraising and Token

Key Takeaways

• Poolside is a decentralized exchange (DEX) and automated market maker (AMM) optimized for liquidity providers (LPs) dealing with yield-bearing assets like liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).
• It features built-in protections against permanent loss of staking rewards and includes a non-custodial rewards program called Poolside Party for earning incentives.
• The platform operates on Ethereum, Base, and Avalanche, with recent updates including Poolside V2 introducing Liquid Swaps for enhanced stable-like trading of LSTs.

What is Poolside?

Poolside is DeFi's liquidity hub for receipt tokens and yield-bearing assets, built on a next-gen AMM that optimizes the LP experience for tokens that accrue value, such as LSTs and LRTs. It recognizes when tokens earn yield and protects that added value from being arbitraged away, addressing issues in other AMMs that expose LPs to unnecessary losses due to poor understanding of token and AMM design. Poolside also includes Poolside Party, a non-custodial rewards program that algorithmically distributes incentives like tokens, on-chain points, and NFTs to subscribed LP tokens without leaving the user's wallet (source: official documentation at https://docs.poolside.party/ and https://www.poolside.party/).

How Does Poolside Work?

Poolside functions as an AMM tailored for rebasing and value-accruing tokens, using a reservoir system to tackle the permanent loss of staking rewards that LPs face in other protocols. Liquidity providers can add assets to pools on supported chains like Ethereum, Base, and Avalanche, including popular LSTs such as stETH and sAVAX. The platform facilitates deep markets for these assets by maximizing earning potential through Poolside Party, where LPs subscribe their tokens to multiple rewards programs to earn incentives while keeping tokens freely tradable in their wallets (source: official site https://www.poolside.party/ and X posts from @Poolside_Party).

In its V2 update, Poolside introduces Liquid Swaps, an optimized StableSwap version for liquid staking tokens, rolled out in phases to enhance trading efficiency and sustainability for DeFi liquidity (source: X post from @Poolside_Party dated March 27, 2024).

What Makes Poolside Unique?

• It solves fundamental errors in other AMMs by protecting LP yields from arbitrage, making it the only DEX capable of deep markets for LSTs like stETH and sAVAX (source: https://docs.poolside.party/).
• Poolside Party allows non-custodial earning of diverse incentives, including on-chain points and NFTs, directly on LP tokens without restricting tradability (source: https://www.poolside.party/).
• Built-in protections, audits, peer reviews, and an active bug bounty program prioritize security for LPs, positioning it as a comprehensive AMM for the future of DeFi (source: X post from @Poolside_Party dated January 22, 2024).

Poolside Native Token

TGE Information

Recent News & Fundraising

• Poolside announced V2 with Liquid Swaps for optimized trading of liquid staking tokens, rolled out in phases (source: X post from @Poolside_Party dated March 27, 2024).
• The project reached TVL milestones and partnered with protocols like Bedrock, KelpDAO, Origin, and Inception to enhance value for LPs (sources: X posts from @Poolside_Party dated February 10, 2024, and April 11, 2024).
• No recent fundraising details are available from official sources.