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Announcements Gate.io Liquidity Mining (GT Reward Pool) Yields Up to 287%
Gate.io Liquidity Mining (GT Reward Pool) Yields Up to 287%
2021-06-25 06:56:25 UTC 62107 Read
Gate.io GT/BTC/ETH liquidity mining Reward pool was officially launched yesterday. Users participating in liquidity mining can get a total of 5600 GT rewards in addition to the regular dividends from commissions. The product has been warmly welcomed by a wide range of users since its launch, and the total amount of the pool has exceeded USD 2.27 million.The seven-day annualized yield of ETH/USDT trading on GT rewards is as high as 287%, and the total yield is as high as 289%, so users are welcome to participate and profit.




Currently the reward pool has been opened with BTC/USDT, GT/USDT, ETH/BTC, ETH/USDT liquidity mining trading pairs. Users can get 100% commission for providing liquidity as well as an additional share of 1400 GT for each trading pair reward pool.* The annualized yield is updated every hour, excluding impermanent losses.


BTC/USDT Liquidity Mining (Reward pool of 1400GT, 7-day annualized yield up to 39%)
Start time: 2021-06-23 14:30
End time: 2021-06-30 14:30
Click to participate (Webpage) at
https://www.gate.io/en/trade/BTC_USDT


GT/USDT Liquidity Mining (Reward pool 1400GT, 7-day Annualized Yield up to 66%)
Starts: 2021-06-24 10:00
Ends: 2021-07-01 10:00
Click to participate (Webpage) at
https://www.gate.io/en/trade/GT_USDT


ETH/BTC Liquidity Mining (Reward Pool 1400GT, 7-Day Annualized Yield up to 35%)
Starts: 2021-06-24 10:00
End Time: 2021-07-01 10:00
Click to participate (Webpage) at
https://www.gate.io/en/trade/ETH_BTC


ETH/USDT Liquidity Mining (Reward Pool 1400GT, 7-day Annualized Yield up to 289%)
Starts: 2021-06-24 10:00
End time: 2021-07-01 10:00
Click to participate (Webpage) at
https://www.gate.io/en/trade/ETH_USDT


Check the participation procedure and details here:
https://www.gate.io/en/article/21337


Expanded reading:


What is liquidity mining?


Liquidity mining is a method of acquiring more cryptocurrency by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that enables cryptocurrency investors to make the most of their crypto assets and receive higher returns, and anyone can participate in this 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 the share of the pool. Liquidity can be accessed in real time without any commission charges.


Gate.io's AMM Automated Market Making calculates bid and ask prices based on the "Constant Product Market Maker Model" (x*y=k), thus providing continuous quotes to the market.


What is a constant loss?
A volatile loss is a loss of capital caused by a spread in the price of a digital asset after the investor has deposited it in the automated market maker liquidity pool. Irrespective of the direction in which the price of the digital asset moves, a variance loss will occur, and the larger the deviation, the larger the variance 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, and 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 the share of the pool. Liquidity can be accessed in real time without any commission charges.


Gate.io's AMM Automated Market Making calculates bid and ask prices based on the "Constant Product Market Maker Model" (x*y=k), thus providing continuous quotes to the market.


What is a inpermanent 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 it 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.

________________



Gate.io Cryptopedia: How to Get Liquidity Mining Yields?


Gate.io Liquidity Mining For UNI, SHIB, DOGE, GT, FIL, LTC, XRP, DOT, ETH-BTC Is Now Available on Gate.io




Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate.io Team

Jun 26th, 2021

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