Singularity Joins Forces with Toros to Launch Incentivized Vault
Singularity Joins Forces with Toros to Launch Incentivized Vault
Singularity, a leader in non-custodial, compliant confidential DeFi infrastructure, proudly announces a strategic partnership with Toros.finance, an innovator in automated cryptocurrency investment strategies.
This partnership will establish a vault that accepts deposits in ETH and sgETH. The vault will LP these assets into Uniswap on Arbitrum, creating an ETH-sgETH liquidity pool and yield for Toros users.
Initially, Toros depositors will be able to receive Singularity points with a 2x base LP points just for going through Toros.
Partnership Overview:
Users seeking additional incentives can use the platform to deposit a variety of assets listed above into these specialized Vaults.
Toros will then execute the following action:
- Liquidity Provision on Uniswap V3 (Arbitrum): The vault strategically provides liquidity by pairing ETH-sgETH liquidity pool on platforms like Uniswap v3 on Arbitrum.
- Users participating will earn Singularity points with a 2x multiplier.
To learn more on how to maximize points, read more about the Singularity reward points program here.
Important considerations:
Each pair, sgETH and ETH, should trade close to 1:1 as the wrapped sgETH is always backed 1:1 by the locked native asset in the Singularity’s contract.
Should their swap ratio deviate significantly from the 1:1, users can take advantage of the potential arbitrage by minting sgETH or redeeming ETH directly from Singularity after passing KYB/KYC.
Participate here.
About Singularity:
Singularity is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated while leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir.
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About Toros:
Toros Finance is a dHEDGE incubated protocol integrating Aave, 1inch, Uniswap, Velodrome, Kwenta and Lyra. Toros Finance aims to simplify access to complex automated strategies, safely, to maximize your returns.
Toros is currently deployed on Polygon and Optimism.
