Single-sided liquidity (SSL) is a new concept in decentralized finance (DeFi) that is rapidly
gaining popularity. It is a type of liquidity provision that allows users to earn yields on their
cryptocurrency holdings without providing both sides of a liquidity pair.
In traditional liquidity pools, users must provide an equal amount of two different
cryptocurrencies to a pool to earn yields on their holdings. This process is known as providing
liquidity. However, with single-sided liquidity, users only need to provide one cryptocurrency to
the pool, and they can still earn yields on their holdings.
This is a game-changing development in DeFi because it lowers the barrier to entry for users
who may not have both sides of a liquidity pair or want to avoid taking on the risk of providing
both sides.
Single-sided liquidity is made possible by using Automated Market Maker (AMM). An AMM is a
smart contract that uses an algorithm to set asset prices in a liquidity pool. This means
GooseFX allows users to earn yields via single-sided liquidity pools. By providing liquidity to a
single cryptocurrency, users can earn yields on their holdings without providing both sides of a
liquidity pair. This makes it easier for users to earn passive income on their cryptocurrency
holdings and participate in the DeFi ecosystem.
Overall, single-sided liquidity is a new and exciting development in the world of DeFi that offers
users a more accessible way to earn yields on their cryptocurrency holdings. Using GooseFX,
users can take advantage of this technology and participate in the DeFi ecosystem sustainably
and profitably.
