What Is Ariadne(ARDN) Coin Review ?
Ariadne is a cross-chain DeFi marketplace that enables seamless farming on multiple blockchains from a single one, saving gas and swaps costs. Suppose you aim to invest into a pool that is running on another blockchain. In order to do so you’ll have to bridge liquidity, swap into corresponding tokens, invest, watch out for the APY, compound, liquidate the reward, and swap back tokens, and bridge back your USDT, everything slow — and all on your own. Oh, and you pay for gas all along for every operation. Ariadne takes care of everything and brings your favorite farms right to the blockchain where your liquidity is for a single price close to a simple ERC20 transfer.
Ariadne (ARDN) Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
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|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Rewards and Tokenomics
Rewards and incentives are composed of the following flows
- Profits on the underlying farm. Usually these are LP pool fees and various rewards. We harvest those, liquidate them to underlying farm’s tokens and reinvest, splitting the net income between all investors. This is called compounding.
- Our boosting reward. For select farms boost harvested USDT with our own or partner’s funds and reinvest into the farm, adding to the value of our investor’s position in the underlying farm.
- Our ARDN farming reward. For every USDT we harvest we distribute a specific ARDN amount among the stakers in the farming contract of that farm.
Staking and Locking
Ariadne By staking and locking your ARDN you will be eligible for larger rewards. Staking is coming soon on the following networks: BSC, Polygon and Solana.
How Calculate APY
Ariadne Properly calculating APY on a third-party farm is not always possible due to off-chain data being used in calculation (like volume). This is why take the declared APY of the farms themselves and add own boosting and incents APY to get the final figure. also include weekly compounding into equations where appropriate.
Ariadne Although the industry operates the term APY as in Annual percentage yield, it is not exactly annual. It is calculated for a single moment in time, and the resulting figure represents the amount it would yield if all variables stay intact for the whole year: TVL, weekly volume, incentives budget, etc. Given that all of these changes every minute, the APY varies greatly from one calculation to another.
BFarm to Extranet token bridging v1 (current)
Ariadne from BFarm to ExtranetTokenQueued is done by locking lock() the required amount on the corresponding Bridge and then minting mint() the same amount on the corresponding ExtranetTokenQueued. A tx hash of the lock operation is supplied for the minting and the ExtranetTokenQueued contract verifies that this hash has not been used before. BridgeMint event is emitted with amount and tx hash of the locking transaction.
BFarm to Extranet token bridging v2 (next)
To ensure transparency and trust the next version
ExtranetTokenQueued contract is separate from actual ERC20 token and bridged by a third-party cross-chain messaging protocol which eliminates the need of running a network of validators.
Ariadne Contract for an Ariadne farm. Main methods to look at are invest(), withdraw() and lpBalance(). None of these methods are publicly executable. This contract is itself an ERC20 token but not readily useable, as only addresses with TRADER_ROLE can call actual trading methods. We use ERC20 as a way to represent fractions of totalSupply as they are split between various Bridges. However this token is 1:1 bridged to extranets where it is held by customers. Although we don’t show this token and it’s amount anywhere on the web, calculating the USDT amount instead.