Gate.io Has Launched & Added An Extra Time-Limited Reward of 172,134 SSX to the Liquidity Mining Pool For (SOMESING Exchange) SSX (Normal Trading Mode), with the Current Yield of Up to 398.83%
Liquidity mining pools (in Normal Trading Mode) for SSX/USDT trading pair is officially enabled on Gate.io. We also added an extra time-limited bonus of 172,134 SSX to it respectively at 12:00 o’clock today.
Under the Normal Trading Mode, users who join the SSX liquidity mining pool can earn double the rewards including “Normal Handling Fees” (calculated based on the VIP level) and “Extra Rewards”. Join it now!
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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