Reward distribution estimation portal is launched https://distribution.component.finance/. Now you can track some statistics about participants and their share. The rewards are proportional to participant share of total Component LP tokens at the current moment in time. In some sense, we can say that there is a particular reward per block, and is distributed among all LP holders each moment in time. All code is public on Github https://github.com/Componentfinance/distribution.

During the reward distribution period, we decided to set 0 base fees on swaps. You can swap USDP<->USDC<->USDT at good rates, and USDP loans become even more affordable for short-term liquidity borrowers, with 0 additional expenses except for stability fees.

We are happy to share that Component reached over $2.4m provided liquidity during the last four days.

You can track the activity in the bot https://news.1rj.ru/str/component_pulse.

We start our second pool USDP-DAI-SUSD in the proportion of 50%\25%\25%

https://component.finance/

Component on Duneanalytics

https://duneanalytics.com/milkyklim/component-finance

Thanks @milkyklim 😍🔥🍩

We are always interested in scaling Component horizontally, adding new pools, and creating new markets. These days gas fees on Ethereum network became relatively high. Exploring available opportunities, we decided to experiment and track the results to make conclusions about further layer-2 expansion.

We are happy to announce Component on xDai chain https://xdai.component.finance/. xDai chain is a layer 2 solution for Ethereum with its bridges and cheap transaction fees. We have created a pool with USDP/WxDAI/USDC, and the pool's liquidity providers will participate in the reward distribution in line with liquidity providers to current pools.

There is no need to move your liquidity anywhere if you already provided it to current pools. All the liquidity across the pools is equally participating in distribution. For rewards estimation, all the liquidity is summarized across pools. A user reward is proportional to % of provided liquidity from total liquidity in the pools and the duration of holding the liquidity in pools.

We are happy to announce that Component is now available on Binance Smart Chain(BSC) https://bsc.component.finance. Now BSC has the convenient instrument to swap across main stablecoins or similar peg assets. Our first pool will be USDP(50%)\BUSD(25%)\USDT(25%). You can participate in Component governance token distribution by depositing liquidity into it. For reward distribution purposes, liquidity will be summarized across all USDP pools on three networks(Ethereum, xDAI, BSC), and all users will get a reward proportionally of provided liquidity amount.

Component (CMP) on Coingecko https://www.coingecko.com/en/coins/component

Claim CMP tokens available here: https://component.finance

Component staking V1 is live https://component.finance/?tab=stakeList

СMP Yield Farming on BSC is live https://bsc.component.finance/?tab=farmList
Bridge CMP token to BSC https://omni.xdaichain.com/bridge (ETH <> BSC)
Mint USDP: http://bsc.unit.xyz Swap USDP: https://bsc.component.finance Swap CMP: https://pancakeswap.finance/swap?outputCurrency=0x96124f7382a0ed672bba8f9b92208434eabcfb40
Component from Mainnet address on BSC:
0x96124f7382a0ed672bba8f9b92208434eabcfb40

СMP Yield Farming on xDai is live https://xdai.component.finance/?tab=farmList
Mint USDP: https://unit.xyz Swap USDP: https://xdai.component.finance/?tab=swap Swap CMP: https://analytics-xdai.sushi.com

Bridge CMP token to xDai https://omni.xdaichain.com/bridge (ETH <> xDAI)
Component from Mainnet address on xDAI:
0x911F196Ed489e41C8B45B5C56FEce021C27a6159