Seraph Global, a blockchain-based action RPG (role-playing game), has announced a strategic partnership with GoPlus SafeToken Protocol, a platform designed to offer innovative token security solutions to ensure a secure and transparent token ecosystem for token providers and investors.
As per the announcement, Seraph Global chose GoPlus SafeToken Locker to protect investor interests. The collaboration is therefore a significant move aimed at improving investor security in the Web3 gaming landscape.
Seraph Taps GoPlus for Liquidity Locks
This partnership kicked off with the integration of GoPlus’ liquidity lockers, allowing users to track Seraph’s liquidity locks in real time. This infrastructure allows Seraph Global investors to see and monitor liquidity locks for their preferred tokens on major DEXs (decentralized exchanges) like UniSwap PancakeSwap, and others.
Seraph Global utilizes GoPlus’s smart contracts to permanently lock their native tokens and related liquidity on major DEXs. This approach bars developers from engaging in rug-pulling – abruptly withdrawing entire liquidity and leaving traders with worthless coins.
This means smart contracts determine transparent, publicly verified unlock schedules. Investors can view these contracts running on the blockchain to verify the terms and period of the lock.
Also, GoPlus SafeToken Locker offers features for automated allocation of rewards (from liquidity mining, staking, and many other digital asset activities) allowing investors to obtain their contributed rewards automatically without interruption or compromising the locked tokens.
This integration supports full interoperability with prominent decentralized exchange networks, like UniSwap, PancakeSwap, and others, enabling Seraph’s assets to be traded easily and efficiently while their liquidity remains locked.
Basically, Seraph is using GoPlus’s strong and pre-audited smart contract tech architecture to create advanced security and trust for its investors.
Bringing Added Value to DeFi Communities
The collaboration of Seraph Global and GoPlus SafeToken Protocol is crucial for the maturing DeFi landscape.
The DeFi world has been affected by rug pulls and fraudulent liquidity provision schemes, undermining investor confidence. This alliance directly resolves this problem by introducing an advanced, transparent, and authentic approach to locking liquidity, a crucial move to prevent such harmful events.
Secondly, by showing a commitment to safeguarding investors’ assets through a trustworthy solution, like GoPlus SafeToken Locker, Seraph Global develops trust and reliability, and as a result, attracts more savvy investors looking for advanced security. This is paramount for the platform’s sustainable growth in the long run and any other Web3 platform.
Lastly, as the DeFi world evolves, the need for strong security systems increases. This collaboration establishes a good example, showcasing how Web3 platforms can proactively feed external security solutions into their infrastructures to safeguard their communities. This motivates other platforms to embrace such advanced practices.
