Since the launch of Gate.io liquidity mining, it has received the support of countless users. To encourage more users to actively participate, the Gate.io liquidity mining Reward pool is officially launched today. In addition to the dividends from the commission, participants can also get additional rewards from the pool. The additional rewards are based on the proportion of the share of liquidity held in the pool.
Currently, BTC/USDT liquidity mining trading pairs have been the first to open the Reward pool. Liquidity providers can get 100% of the commission and share trading pairs worth 1400 GT in the Reward pool. The overall annualization has been as high as 50%.
BTC/USDT liquidity mining (Reward pool of 1400 GT)
Start time: 2021-06-23 14:30 UTC
End time: 2021-06-30 14:30 UTC
Users are welcome to participate (webpage) at
https://www.gate.io/en/trade/BTC_USDT
(annualized yield of about 50%, excluding impermanent losses)
GT/USDT liquidity mining (Reward pool of 1400 GT)
Start time: 2021-06-24 10:00 UTC
End time: 2021-07-01 10:00 UTC
Users are welcome to participate (webpage) at
https://www.gate.io/en/trade/GT_USDT
ETH/BTC liquidity mining (Reward pool of 1400 GT)
Start time: 2021-06-24 10:00 UTC
End time: 2021-07-01 10:00 UTC
Users are welcome to participate (webpage) at
https://www.gate.io/en/trade/ETH_BTC
ETH/USD liquidity mining (Reward pool of 1400 GT)
Start time: 2021-06-24 10:00 UTC
End time: 2021-07-01 10:00 UTC
Users are welcome to participate (webpage) at
https://www.gate.io/en/trade/ETH_USDT
How can I participate in the Gate.io Liquidity Mining Reward pool? (Webpage)
Take the BTC/USDT trading pair as an example, users can choose [Liquidity Mining] on the right side of the coin trading page, click [Add], input the quantity of BTC and USDT, and confirm. The liquid assets deposited will be transferred from the spot account to the automatic market making account. You can get 100% commission and share the extra reward of 1400GT.
*Features on the App will be available soon, so please stay tuned.
Users can view the real-time commission fee yield and GT reward yield through [Today APR]
*Annualized yield is updated every hour, excluding impermanent losses
Users can click [Unlock] and drag the slider to redeem the liquidity by percentage, and the redeemed liquid assets will be converted to the corresponding currency and returned to the spot account.
Users can view their additional earnings and withdraw.
Expanded reading:
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, and 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 the share of the pool. Liquidity can be accessed in real time without any commission charges.
Gate.io's AMM Automated Market Making calculates bid and ask prices based on the "Constant Product Market Maker Model" (x*y=k), thus providing continuous quotes to the market.
What is a inpermanent 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 it 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.
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Gate.io Team
June 25, 2021