Kanye West Contributes $34 Million to YZY Liquidity Pool

The project deposited 30 million YZY into a liquidity pool within a $3.17–$4.49 range, earning fees and selling coins above $3.17, with full liquidation if prices exceed $4.49.

USDC

Summary

The YZY project added 30 million YZY coins, valued at about $34 million, to its liquidity pool with a $3.17–$4.49 price range. Fees will be earned and coins gradually sold above $3.17; all 30 million will be sold if prices exceed $4.49.

Terms & Concepts
  • YZY coin: The native token associated with the YZY project, used in this context for liquidity provisioning and potential sales.
  • Liquidity pool: A smart contract-based pool of assets on a decentralized exchange that facilitates trading and generates fees for liquidity providers.