What is Limitless?

Limitless is a decentralized finance (DeFi) platform designed to optimize liquidity provision and yield generation across various protocols. The platform allows users to provide liquidity in token pairs, which are then rehypothecated into Uniswap pools. This means that while liquidity is split into multiple positions within Uniswap, it is managed as a single consolidated position within Limitless.

Liquidity Providers (LPs) on Limitless earn yields from both Uniswap trading fees and premiums paid by leverage traders and borrowers. The platform also supports advanced strategies like single-sided liquidity provisioning, where LPs can provide liquidity far from the current market price to primarily earn premiums.

Limitless offers a product called limWETH, which allows users to provide ETH liquidity with automated position management. This product minimizes risks like impermanent loss by using off-chain algorithms to manage and rebalance liquidity based on market conditions.

Limitless aims to create a unified liquidity market for digital assets, offering sophisticated tools for both liquidity providers and traders, while maintaining high levels of capital efficiency and risk management.