Automated Arbitrage Pool
Each multichain token allows for arbitrage opportunities as equalizer bots balance prices only within each chain. Cross-chain arbitrage is complicated due to the need for bridges with their own fees and delays. However, we see a great opportunity here that can be combined with HKdoge contracts.
HKdoge will launch single-side staking pools for multichain tokens, creating additional utility for them. These tokens (e.g. $link, $aave, etc) will be used to execute automated arbitrage transactions instantly without the need to bridge any tokens. Pools will be rebalanced while there are no arbitrage opportunities and are always ready for new arbitrage transactions.
HKdoge will charge a performance fee while all other revenue will be distributed to stakers in the form of HKD tokens. Tokens are bought back from the market using the generated revenue. Therefore, we balance pools on all chains, create additional utility for tokens, generate up to 100% APR on single-side staking, and create an additional incentive to hold specific tokens while benefiting HKdoge's token economics.
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