What is Popsicle Finance (ICE)?
ICE is the native token of Popsicle Finance, whcih is a cross-chain automated yield optimization platform. In order to maximize yields, it allocates your crypto investments to various liquidity pools on different decentralized exchanges (DEXs). Consequently, it helps users optimize outcomes without having to handle the process manually. In other words, it could be described as an automated portfolio manager.
Since Popsicle Finance allows users to choose from the vast array of pools on DEX platforms, they can divide their investments across a wide range of blockchains and protocols. The Popsicle Finance crypto project supports such blockchains as Ethereum, BSC, Fantom, Avalanche, AnkrETH, and so on.
If you're interested in seeing the current ICE price, make sure to check the Popsicle Finance price chart featured above.
How Does Popsicle Finance Work?
Users of Popsicle Finance can choose between two products – Sorbetto Fragola and Sorbetto Limone. Users can deposit their tokens into these products to generate passive income by supplying liquidity to various DEXs.
Sorbetto Fragola is a Uniswap V3 Optimiser made specifically for this DEX. It automatically modifies the liquidity range to increase LP fees and ensure that traders get the best deals on Uniswap V3 pools.
Sorbetto Limone, on the other hand, is a liquidity aggregator that supplies user assets to liquidity pools on several DEXs and automatically maximizes the trading fees they earn from LP tokens as well.
Who Founded Popsicle Finance?
Daniele Sestagalli is a serial blockchain entrepreneur who founded Popsicle Finance. There is not much information about the origins of the project or the management team. Besides, there is also little information about the founder himself. What is known, though, is that Sestagalli is also credited for founding Wonderland (TIME), Abracadabra (MIM), and Zulu Republic.
Use Cases of ICE Tokens
Popsicle Finance coins are issued on the Ethereum network as ERC-20 tokens. They are mainly used for two purposes – governance and liquidity provision.
In terms of governance, by staking ICE tokens, users receive nICE tokens, which provide them with governance right concerning such decisions as protocol updates, pool inclusions, fee management, and other crucial protocol aspects. Besides, nICE holders are eligible for receiving fees collected from the protocol as rewards.
Concerning liquidity provision, there are pools on various DEXs that feature ICE pairs with other crypto assets. By providing liquidity to these pairs, users can also earn more ICE tokens.
Planning to buy Popsicle Finance crypto assets? Before doing that, check out the Popsicle Finance price chart above. It features the current and the previous ICE price.
