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Gate.io Opens New Version Liquidity Pool Rewards Consecutively, Today’s Annualized Yield of BABYDOGE Mining Pool Soars to 1584.50%
Gate.io Opens New Version Liquidity Pool Rewards Consecutively, Today’s Annualized Yield of BABYDOGE Mining Pool Soars to 1584.50%
2021-08-10 10:11:19 UTC
45402 Read
Since Gate.io launched its liquidity mining product in June this year, the response from users has been overwhelming. Gate.io has launched a new version of its liquidity pool on August 1, 2021 (with a new 50% bonus on the platform’s transaction fees), which will support more tokens, and a new bonus pool function is added.
Currently, Gate.io has opened 118 liquidity mining pools, and the current bonus pool amount is up to 10,000 USD. According to statistics, the highest volume of BABYDOGE/USDT pairs in the last 24 hours reached $187,268.1602; the highest annualized return of BABYDOGE/USDT pairs today reached 1584.50%; the highest total liquidity of ETH/BTC pairs reached $1,934,224.1861 USD.
Click on the link to earn revenue: https://www.gate.io/en/liquidity
Click to view the new liquidity pool: Gate.io will upgrade some markets to automated market maker (AMM) (new 50% platform trading fee bonus)
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
Gate.io is a Cryptocurrency Trading Platform Since 2013
Currently, Gate.io has opened 118 liquidity mining pools, and the current bonus pool amount is up to 10,000 USD. According to statistics, the highest volume of BABYDOGE/USDT pairs in the last 24 hours reached $187,268.1602; the highest annualized return of BABYDOGE/USDT pairs today reached 1584.50%; the highest total liquidity of ETH/BTC pairs reached $1,934,224.1861 USD.
Click on the link to earn revenue: https://www.gate.io/en/liquidity
Click to view the new liquidity pool: Gate.io will upgrade some markets to automated market maker (AMM) (new 50% platform trading fee bonus)
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
Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate.io Team
August 10, 2021
