Archimedes’ Protected Single Pools: Beta LIVE TOMORROW!

Archimedes
3 min readSep 13, 2023

TL;DR: The wait is ALMOST over! Archimedes is thrilled to announce the launch of its Beta Protected Single Pools tomorrow at 12pm PST. Dive into a new era of Liquidity Management, where earning yield on your crypto assets is not only efficient but also user-friendly and with added layers of protection.

It’s Beta. This means we’re testing the product. We’ll iterate quickly and an audit will come soon for the official launch. Please do not invest what you can’t lose. It’s not audited yet. DYOR!

Special Early User Launch Lottery! To celebrate our launch, we’re giving back to our early supporters. The first 50 users have a chance to share a pool of ARCH tokens! Five lucky users will be randomly chosen. Don’t miss out on this opportunity and deposit into your favorite strategy(s) on the Archimedes App. More details coming soon.

Why Archimedes?

Earning yield in crypto today can often feel like a maze and requires hard work. From reward depreciation to the challenges of timely pool exits, the journey is riddled with potential pitfalls like Impermanent Loss (IL). But what if there was a solution that simplified it all?

Introducing Protected Single Pools

Archimedes’ Protected Single Pools (PSPs) are designed to address these challenges head-on. With the unique “guardrails”, PSPs perform real-time risk monitoring, deciding when to automatically withdraw from your position to minimize risks such as IL. Plus, with the gas-free autocompounding feature, rewards are maximized without the manual hassle (or the cost of gas fees). If you want to learn more about the mechanism here are the two great resources to get you started:

  1. User Docs
  2. PSPs: Beyond the Basics blog post

Archimedes starts this new venture by building on top of battle tested partners like Aura Finance and Convex Finance.

Launch Strategies Confirmation

In our previous launch date announcement, we listed the planned strategies. Now we confirm the launch strategies for you:

Two strategies on Beta launch, with the other four launching over the next days. Many more to follow!

Got a strategy in mind? Share your ideas in our Governance forum on Discord. We’re always open to fresh perspectives.

It’s Beta! Why now?

As an early adopter, you will be helping Archimedes improve its products.

In return? “Early bird gets more worms”. 😉

Planning to join and earn the “worms”? Visit https://archimedesfi.com/ and join us on Twitter, Discord, and Telegram.

Disclaimer: The upcoming launch is a beta release and the contracts are not yet audited. Do your own research. Not Financial Advice!

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