Exploring A Cutting-Edge Automated Market Maker - Nuri Exchange On Scroll

5 days ago

Scroll is revolutionizing scalability and privacy for Ethereum-compatible applications by utilizing cutting-edge zk-rollup technology. The core mission of Scroll is to offer a scalable solution that stays true to Ethereum’s essence: trust-minimized, secure, and open-source.

I was a bit upset when I didn't got the $SCR airdrop but I kept silently scrolling to improve my Scroll Sessions marks! What's that? Scroll Sessions is a loyalty program introduced by Scroll to reward users for their engagement and participation within the Scroll ecosystem.

Here's where NURI comes into play, the number one DEX on Scroll! There are top yields, massive APR, and over $10,000 in rewards for veNURI voters in almost every epoch! Ready for a crash course?

Yo, if you’re into crypto, you gotta check out NURI Exchange on the Scroll network. It’s seriously next level. Basically, NURI is this cutting-edge Automated Market Maker (AMM) that’s bringing the heat to decentralized finance. Think of it like the Uniswap v3 of the Scroll ecosystem, but with a turbocharged twist. It’s all about optimizing liquidity and making trading smoother, faster, and cheaper—perfect for anyone looking to level up their DeFi game.

My new approach for Session 2 is low expectation and taking advantage of good opportunities. I am not a whale, which is made clear by my low number of marks I've earned so far. I am not sure if I will hit the criteria, as 44.16 is not even a quarter of what was needed last season, but will use Nuri Exchange to improve my score.

NURI introduces concentrated liquidity, so instead of spreading your liquidity across the whole price range like a traditional AMM, you can focus it where you want, boosting capital efficiency. This means your capital is working harder for you, and you’re getting less slippage on your trades.

If you're in it for high-frequency trading or just stacking up those rewards, this platform’s got your back. I dived into Nuri and supplied some liquidity, adding three pairs into the mix! My choice was made based on my holdings and current APR!

I started earning rewards on ETH-NURI, USDC-ETH and ETH-SCR instantly, and will use the $NURI earned to top up my veNURI lock! What do you think anon... 1,764 and 1,010% APR is good enough? This numbers reminds me of the 2021 DeFi summer!

Did I skipped a step? What's veNURI? Time to talk about NURI’s got a dope governance model too. They’re using ve(3,3) tokenomics, which is like a next-gen way to stake and earn.

I've swapped 0.002 ETH for $NURI and getting 69 tokens feels like a sign of lust! The swap routers will always chose the best quote for trades, which makes it hustle-free for the users. I like this exchange!

With veNURI tokens you’re not just earning rewards.... you’re also helping steer the platform. It’s all about rewarding the community and aligning everyone’s incentives to keep the platform growing and evolving. All you need is to lock some $NURI and start voting!

Don’t even get me started on the speed and cost. NURI runs on Scroll’s Layer 2 scaling solution, so transactions are lightning fast and way cheaper than on Layer 1. That means you’re not paying those crazy gas fees for every move you make, and you’re still getting quick settlement times for your trades.

I've created my veNURI lock, which will be represented by an NFT I hold in my wallet, and received voting power. I went extreme with it, with the tokens unlocking in 2029! It's for the sake of the experiment, as I know I will earn more than a fiver from voting!

If you’re serious about DeFi... this is one platform has some good opportunities. NURI Exchange is bridging the gap between high-performance liquidity and the decentralized future of finance, and it’s only going to get better from here.

Time to get in and start earning through voting! I allocated my votes to the USDC-ETH pair for two reasons: I have a small slice of this LP and the emissions were the highest available. The estimated reward was $29.84 from those $3,387 in Nuri allocated to this pool, but my vote was casted six days before the epoch's end.

Are you curious if I earned $29.84 with a $5 lock? You know I didn't, as the rewards will get lower and lower as other users will commit their votes to the same pool. However, wasn't to bad either! I earned $0.12 worth of $NURI for one week's vote, which backs my predictions. I will earn more than the investment by voting and perpetually adding the rewards into the lock! Let's scroll and earn!