⚖️ Markets
Crypto and programmable blockchains give us a powerful new coordination layer as a society and novel ways to instrument capital.
Provenance Mining explores the idea of using fungible tokens to instrument the value of holding art over time.
In order to connect this novel form of value instrumentation into something more liquid, and to ensure transformations of capital are possible, decentralized exchanges serve the important community role of establishing an open market for VIBES.
VIBES is still in the very early stages of protocol architecture and design. While buying and selling of VIBES is possible currently, liquidity is likely to be low and market price is volatile. Do not treat VIBES as a financial investment and be aware of the risks involved if you chose to supply liquidity to the market.
There is no need to buy or sell VIBES at this time. The best way to get VIBES is to support artists, buy their art, and mine VIBES over time.

QuickSwap

A VIBES-MATIC liquidity pool was setup on QuickSwap and initial liquidity was bootstrapped by the community.
You can use the QuickSwap protocol to buy or sell VIBES with any supported digital asset such as DAI, USDC, MATIC, or wETH.

Supplying Liquidity

By staking equal market values of MATIC and VIBES in the QuickSwap AMM pool, you can become a Liquidity Provider for the VIBES-MATIC decentralized exchange. When you stake MATIC and VIBES in the pool, you get back LP tokens, representing your liquidity position.
Liquidity providers earn fees when trades occur on the exchange, proportional to their share of the pool. Fees will accrue over time (in both VIBES and MATIC) and are automatically claimed when you exit the pool by turning in your LP tokens in exchange for your underlying VIBES and MATIC liquidity (plus earned fees).
Being a liquidity provider can allow for passive earning, but it's not without risk. If the VIBES-MATIC market price changes substantially from when an LP entered the pool vs when they exited, their position will be worth less than if they had just held the individual assets. This is mathematical consequence of the market-making algorithm known as "impermanent loss".

Disclaimer

VIBES is not a currency, financial instrument, or security.
The token and other contracts have not been audited by a third party.
No information on this website (or any other documents mentioned therein) is or may be considered to be advice or an invitation to enter into an agreement for any investment purpose. Further, as VIBES represent an experimental abstract concept, nothing on this websites qualifies or is intended to be an offering of securities in any jurisdiction nor does it constitute an offer or an invitation to purchase shares, securities or other financial product.