Tealswap V3 Launches on Oasys: Introducing Concentrated Liquidity Function

Exciting news for the DeFi and gaming community: Tealswap V3 has launched on Oasys, introducing the revolutionary "Concentrated Liquidity" feature.

This update allows for precision in liquidity provision, potentially boosting profitability within specified price ranges.

Tealswap V3 Equipped with New Features Goes Live

Tealswap, the decentralized exchange (DEX) on Oasys (OAS), announced its launch of "Tealswap V3" on March 15, 2024. This new version comes equipped with the ability to specify liquidity ranges, among other features.

Tealswap is a DEX built on the gaming-specialized Layer 1 blockchain "Oasys." It not only allows for the easy exchange of various Oasys-related tokens but also enables the movement of owned tokens between the "Hub Layer ⇄ Verse Layer" using Oasys's bridge function.

While Tealswap has previously offered "Tealswap V2," this report announces the release of "Tealswap V3," which is now equipped with a function known as "Concentrated Liquidity."

What is Concentrated Liquidity?

Concentrated Liquidity is a feature that allows liquidity providers to specify the price range within which they wish to provide liquidity. This feature has also been introduced in the well-known decentralized exchange "Uniswap V3."

Specifically, it is possible to concentrate the liquidity of a certain cryptocurrency within a range, for example, from $100 to $110.

This mechanism is designed to increase profitability when the price of the target currency remains within that range (note that if the price exceeds the specified range, no return will be generated).

By utilizing this feature, it is possible to strengthen liquidity within specific price bands, allowing for flexible response to market volatility and providing a better trading experience for market participants.

How to Provide Liquidity at a Specified Price

The method of providing liquidity at a specified price through Tealswap V3 is described as follows:

1. Select a Liquidity Pool: Choose the pool where you want to provide liquidity and click "Invest."
2. Choose Your Desired Price Range: You can select the price range within which you wish to provide liquidity. If trades occur within the specified range, you will earn a portion of the swap fees paid by traders. You can specify the range as "Low, High, Custom," and if you choose custom, you can manually set the price range.
3. Confirm Your Specified Price Range: It's possible to confirm the price range you've set on the screen.
4. Enter the Amount of Liquidity to Supply: Enter the quantity of tokens you want to use to provide liquidity. Tokens other than OAS require prior approval.
5. Check Your Portfolio: Once you provide liquidity, you can view a list of the pools in which you're providing liquidity on the "Portfolio" page. You can check your rewards on this page.
6. Manage Positions (Add/Remove Liquidity): By clicking "Manage" on the portfolio page, you can add or remove liquidity.

Detailed explanations on how to provide liquidity at a specified price through Tealswap V3 are available on the "official announcement page of Tealswap."