Gate.io STEPG LM POOL: 482,299 STEPG Extra Reward is Added
2022-07-06 09:23:25 UTC
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STEPG/USDT and STEPG/ETH trading pairs, a new version of the liquidity mining pool bonus (Automated Market Maker AMM), is officially enabled on Gate.io. Moreover, an extra time-limited bonus of 482,299 STEPG was added to them at 6:00 (UTC) yesterday.
Under the automated market maker (AMM) mode, 50% of the trading fee will be added into the liquidity bonus pool; The Taker and Maker fees are adjusted to 0.3% from now on (The Gate.io Points reduction are not supported). Users who join the STEPG liquidity mining pools can now earn double the rewards including “0.3% Handling Fees” and “Extra Rewards”. You are invited to join them as of right now!
To Earn STEPG Returns Right Now!
Gate.io has launched the Liquidity Mining Help Guide which offers common Q&A and procedures to help users. You can also join the Gate.io LM N Lending & Single-Asset Vault Group to share and discuss ideas with more users. The TG Group will bring more latest information on Liquidity Mining to you.
To further enhance the user experience, Gate.io has officially launched the centralized Automated Market Maker (AMM) service on August 1, 2021. This allows most of the new and non-mainstream coin markets to gain similar liquidity as Uniswap. It allows users to enjoy a low-cost and high-quality user experience on a centralized platform. Gate.io will continue to add supported currencies, please pay close attention to further announcements.
View the Announcement: Gate.io Liquidity Mining Will Adjust the Fee Rate of Market Maker (AMM Mode)
View the new liquidity pool: Gate.io will upgrade some markets to automated market maker (AMM) (new 50% platform trading fee bonus)
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.
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Gate.io Team
July 6th,2022
