Avalanche Eco DEX Trader Joe Announces Completion of the Second Phase of Liquidity Book Rewards Event
On March 20th, Avalanche Eco DEX Trader Joe posted an article on social media stating that the second phase of the Liquidity Book Rewards event has ended, and a total of 67 market
On March 20th, Avalanche Eco DEX Trader Joe posted an article on social media stating that the second phase of the Liquidity Book Rewards event has ended, and a total of 67 market makers have received awards in this event, with an average of about 3400 JOEs per household.
Trader Joe: A total of 67 market makers have received awards during the Epoch 2 event, and the following activities will be launched around ARB
Introduction
Avalanche Eco DEX, a decentralized exchange built on the Avalanche blockchain, has been conducting a Liquidity Book Rewards event to incentivize market makers to provide liquidity to the platform. On March 20th, Trader Joe, a major market maker on Avalanche Eco DEX, posted an update on social media announcing the completion of the second phase of the event.
What is the Liquidity Book Rewards event?
The Liquidity Book Rewards event is a program designed by Avalanche Eco DEX to encourage market makers to provide liquidity to the platform. Market makers are traders who add liquidity to the exchange by placing limit orders, which can be filled by other traders. By providing liquidity, market makers help to reduce slippage and increase trading volume on the exchange.
The Liquidity Book Rewards event rewards market makers based on the amount of liquidity they provide over a certain period of time. The program has been divided into several phases, with each phase offering rewards to market makers who meet certain requirements.
Completion of the Second Phase
According to Trader Joe’s post on social media, the second phase of the Liquidity Book Rewards event has come to a close. A total of 67 market makers participated in the second phase, and each household received an average of about 3400 JOEs in rewards.
The total amount of rewards distributed during the second phase is yet to be disclosed. However, it can be assumed that the amount was significant, given the number of market makers who participated and the fact that the rewards were distributed based on the amount of liquidity provided.
Future Phases
The completion of the second phase of the Liquidity Book Rewards event marks the beginning of the next phase of the program. The exact details of the third phase have not been announced yet, but it can be expected that it will offer similar rewards to market makers who provide liquidity to Avalanche Eco DEX.
The Liquidity Book Rewards event is an ongoing program, and it is expected to continue for the foreseeable future. Market makers who are interested in participating in the program can visit the Avalanche Eco DEX website for more information.
Conclusion
The Liquidity Book Rewards event is a key program for Avalanche Eco DEX, as it incentivizes market makers to provide liquidity to the platform. The completion of the second phase of the event is a major milestone for the exchange, and it is expected to drive further growth and adoption of the platform in the future.
FAQs
1. What is Avalanche Eco DEX?
A: Avalanche Eco DEX is a decentralized exchange built on the Avalanche blockchain.
2. Who can participate in the Liquidity Book Rewards event?
A: The Liquidity Book Rewards event is open to market makers who provide liquidity to Avalanche Eco DEX.
3. How can I participate in the Liquidity Book Rewards event?
A: Market makers who are interested in participating in the Liquidity Book Rewards event can visit the Avalanche Eco DEX website for more information.
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