Today, we are super excited to welcome CakeX Finance as a founding Double Dedicated Capital Provider (D2CP). CakeX Finance is a global crypto asset market maker focused exclusively on DeFi. Its mission is to empower everyone, instead of only high networth individuals or institutions, to earn high yields from market-making or liquidity-providing in AMMs. It will actively supply capital into Double to solve liquidity challenges faced by token projects. Double will delegate to CakeX Finance its allocation of Double Down Club (DDC), a membership-like utility NFT that is required to supply capital into Double and gain the amazing value Double offers to capital providers. In addition, CakeX Finance will partner with Double to build its awareness, drive its adoption, and recruit other capital providers in the Asia market.
Double is the essential on-chain liquidity infrastructure for L1, ETH L2 & BTC L2. It is the on-chain equivalent of the off-chain liquidity infrastructure formed by thousands of professional market makers that plays a critical role in driving the successful CEX crypto trading. As an AMM-LP side only innovation, Double effectively democratizes the widely used CEX marketing making agreement model (loan + option) for AMMs, and empower projects to offer the same benefits normally exclusive to CEX pro MMs to 300k+ AMM LPs, either institutions, whales, or retails. Due to its innovative design, Double offers amazing value to capital providers — double the ROI while at the same time significantly reducing the risk of impermanent loss.
CakeX Finance recognizes the disruption of crypto and DeFi, and the opportunity for everyone, instead of only high networth individuals or institutions, to earn high yields from market making due to the openness nature of DeFi. It has developed asset management products that attract capitals on one side and actively provide liquidity to AMMs on the other side. It has partnered with platforms including but not limited to Uniswap, Curve, Sushi and has been returning attractive yields back to its customers.
We are excited to partner with CakeX, an OG in AMM liquidity providing. Double will delegate its allocation of Double Down Club (DDC) to CakeX Finance as a founding Double Dedicated Capital Provider (D2CP). DDC is a club membership-like utility NFT, and capital providers must have either DDCs or delegation of DDCs to supply capital into Double and gain the amazing value offered by Double. CakeX also commits to partner with Double to build its awareness, drive its adoption, and recruit other capital providers in the Asia market.
Initially, CakeX Finance and Double will work together to support on-chain liquidity for projects on Arbitrum One including but not limited to ARB, GMX, PENDLE, RNDT, GNS, LPT, BOOP, etc. For projects in the Arbitrum ecosystem, if you need on-chain liquidity support, please reach out. For capital providers or AMM LPs, if you are interested in supplying capital into Double and the D2CP program, feel free to reach out to us via Twitter or Discord. Let’s Double-To-Win!
