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Gate.io Added 33 Liquidity Mining Prize Pools with Yield up to 684%
2021-07-01 11:17:39 UTC52232 views
The Gate.io Liquidity Mining has launched prize pools for GT, BTC, and ETH and has been very popular among a wide range of users. Liquidity providers can get 100% transaction fees and additional bonuses.
To encourage more users to participate, Gate.io has added liquidity mining prize pools for 33 trading pairs.
Besides the regular fee yields, participants can also get an additional share of each trading pair prize pool, of which the return rate can reach a high of 684%, as well as the additional bonus being obtained according to the proportion of the liquidity share corresponding to the prize pools.
The current Return Rates of the new 33 liquidity pools (excluding impermanent loss):
ETC/USDT: 687%, ZEC/USDT: 623%, O3/USDT: 560%, TRX/USDT: 316%, AAVE/USDT: 253%, CRV/USDT: 202%, MINA/USDT: 160%, DOGE/BTC: 130%, DOT/BTC: 124%, KSM/USDT: 115%, BSV/USDT: 113%, MATIC/USDT: 105%, LTC/BTC: 103%, BCH/BTC: 94%, GT/BTC: 85%, LINK/USDT72%, ICP/USDT: 72%, ADA/USDT: 67%, XRP/USDT: 62%, LTC/USDT: 46%, BCH/USDT: 45%, HT/USDT: 43%, FIL/USDT: 36%, SUSHI/USDT: 34%, EOS/USDT: 27%, DOT/USDT: 25%, DOGE/USDT: 20%, SHIB/USDT: 16%, UNI/USDT: 13%, BNB/USDT: 9%, ADA/BTC, XRP/BTC, EOS/BTC.
Click here to learn how to participate: https://www.gate.io/en/article/21337
Additional Reading:
What is the Automated Market Maker (AMM) mechanism?
Through the automated market maker mechanism, the liquidity provider (LP) can earn trading fee revenue by providing liquidity to the market. The order takers offer fees to the LP in exchange for lower slippage. Through this mechanism, the market needs of both parties are well matched, allowing LPs and takers to get what they want.
What is an impermanent loss?
It refers to the loss of capital due to spreads that occur when the price of a digital asset changes after an investor has deposited in the automated market maker liquidity pool. Irrespective of how the price of the digital asset changes, inpermanent loss will occur and the larger the spreads, the larger the loss.
What is liquidity mining?
Liquidity mining is a method of acquiring more cryptocurrencies by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that allows cryptocurrency investors to fully utilize their crypto assets and receive higher returns. Anyone can participate in the eco. Simply put, this means locking in cryptocurrencies to receive rewards.
What are the benefits of providing liquidity?
Users can earn market making dividends by adding liquidity to the market. By adding liquidity, funds are injected into the pool, and the fee revenue earned from automatic market making in the pool is distributed to the liquidity provider in proportion to their share of the pool. Liquidity can be accessed in real time without any commission charges.
Science: From Market Maker to Liquidity Mining, How Important is Liquidity?
Why is Gate.io Liquidity Mining Great for Low Volatility?
Science: What You Need to Know About Investments in Liquidity Mining Products
To encourage more users to participate, Gate.io has added liquidity mining prize pools for 33 trading pairs.
Besides the regular fee yields, participants can also get an additional share of each trading pair prize pool, of which the return rate can reach a high of 684%, as well as the additional bonus being obtained according to the proportion of the liquidity share corresponding to the prize pools.
The liquidity Mining page is now available. Welcome users to get more profits.
Click to participate (website): https://www.gate.io/en/liquidity
Click to participate (website): https://www.gate.io/en/liquidity
The current Return Rates of the new 33 liquidity pools (excluding impermanent loss):
ETC/USDT: 687%, ZEC/USDT: 623%, O3/USDT: 560%, TRX/USDT: 316%, AAVE/USDT: 253%, CRV/USDT: 202%, MINA/USDT: 160%, DOGE/BTC: 130%, DOT/BTC: 124%, KSM/USDT: 115%, BSV/USDT: 113%, MATIC/USDT: 105%, LTC/BTC: 103%, BCH/BTC: 94%, GT/BTC: 85%, LINK/USDT72%, ICP/USDT: 72%, ADA/USDT: 67%, XRP/USDT: 62%, LTC/USDT: 46%, BCH/USDT: 45%, HT/USDT: 43%, FIL/USDT: 36%, SUSHI/USDT: 34%, EOS/USDT: 27%, DOT/USDT: 25%, DOGE/USDT: 20%, SHIB/USDT: 16%, UNI/USDT: 13%, BNB/USDT: 9%, ADA/BTC, XRP/BTC, EOS/BTC.
Click here to learn how to participate: https://www.gate.io/en/article/21337
Additional Reading:
What is the Automated Market Maker (AMM) mechanism?
Through the automated market maker mechanism, the liquidity provider (LP) can earn trading fee revenue by providing liquidity to the market. The order takers offer fees to the LP in exchange for lower slippage. Through this mechanism, the market needs of both parties are well matched, allowing LPs and takers to get what they want.
What is an impermanent loss?
It refers to the loss of capital due to spreads that occur when the price of a digital asset changes after an investor has deposited in the automated market maker liquidity pool. Irrespective of how the price of the digital asset changes, inpermanent loss will occur and the larger the spreads, the larger the loss.
What is liquidity mining?
Liquidity mining is a method of acquiring more cryptocurrencies by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that allows cryptocurrency investors to fully utilize their crypto assets and receive higher returns. Anyone can participate in the eco. Simply put, this means locking in cryptocurrencies to receive rewards.
What are the benefits of providing liquidity?
Users can earn market making dividends by adding liquidity to the market. By adding liquidity, funds are injected into the pool, and the fee revenue earned from automatic market making in the pool is distributed to the liquidity provider in proportion to their share of the pool. Liquidity can be accessed in real time without any commission charges.
Science: From Market Maker to Liquidity Mining, How Important is Liquidity?
Why is Gate.io Liquidity Mining Great for Low Volatility?
Science: What You Need to Know About Investments in Liquidity Mining Products
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Gate.io Team
July 1st, 2021
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