1. PixelPlaygroundHome
  2. Blockchain Briefs

What currency is exiting liquidity mining (how to exit mdex liquidity mining)?

• Blockchain Briefs • 80 views

What currency is exiting liquidity mining? The mining treasure platform announc

What currency is exiting liquidity mining (how to exit mdex liquidity mining)?

What currency is exiting liquidity mining? The mining treasure platform announced that it will exit liquidity mining activities on September 6th, Beijing time. This activity was initiated and executed by Binance. According to the announcement, a total of 1000 projects participated in this activity, including CRV (Curve), DODO, YFII, and SNX. In this round of activity, DODO added 10,000 USDT tokens as rewards by providing a contract address to its trading pair. However, users need to bear most of the transaction fees and it does not support cross-chain bridging and trading. In addition, Binance has partnered with RenrenBit to launch its own decentralized exchange and automated market-making mechanism. Currently, currencies such as ETH, EOS, and DAI have been launched, but there is no official disclosure of specific exit methods.

Specifically, regarding the currency exiting liquidity mining, according to the official website, returning to the liquidity pool means that users’ funds are invested in the project’s protocol treasury. When the project party finds that it cannot be redeemed, it will conduct liquidation operations to avoid being attacked by hackers or other losses.

How to exit mdex liquidity mining

According to the official announcement on mdex.com, in order to encourage more users to participate in liquidity mining and maximize the liquidity, trading depth, and reduce the risks and returns brought by transaction slippage, mdex will stop all mdx/USDT and other related trading pairs liquidity mining on May 11, 2020, 20:00 (UTC+8). At the same time, in order to provide better returns to liquidity providers, please pay attention to the following points:

1. Pledge some tokens to the liquidity fund pool for rewards.

2. Immediately start mdfy’s liquidity mining activity after the transaction ends and continue to receive corresponding MDX rewards.

3. Complete the remaining MDX vesting period within 48 hours after the end of liquidity mining. If you fail to exit liquidity mining according to the rules, the profits in liquidity mining or any impact caused by trading imperfections will be automatically excluded.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/25248/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/20/2023 04:45
Next 08/20/2023 05:08

Recommended articles