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Gate.io Has Launched A New Version Of The Liquidity Mining Pool Bonus For ITGR/USDT，ITGR/ETH(Automated Market Maker AMM)，LM Reward Pools Each Adds Time-Limited 12,205 ITGR Rewards
Gate.io Has Launched A New Version Of The Liquidity Mining Pool Bonus For ITGR/USDT，ITGR/ETH(Automated Market Maker AMM)，LM Reward Pools Each Adds Time-Limited 12,205 ITGR Rewards
2021-10-08 05:45:24 UTC
38059 Okundu
Gate.io's ITGR/USDT，ITGR/ETH liquidity mining rewards pools have been added, 50% of the trading market fee income will be added into the liquidity bonus pool; Taker and Maker fees are adjusted to 0.3% from now on (Gate.io Points reduction is not supported).
Gate.io has added a 12,205 ITGR time-limited bonus to ITGR/USDT，ITGR/ETH liquidity pools at 3:00 am UTC, today, Experience Now!
Click on the link to earn ITGR earnings:
Gate.io has officially opened the "liquidity mining" Telegraph chat group.
Discuss with other users and grasp the latest information on liquidity mining. Click to join the Liquidity Mining Telegram Chat Group.
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.
Click to view the new liquidity pool: Gate.io will upgrade some markets to automated market maker (AMM) (new 50% platform trading fee bonus)
Extended 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.
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Gate.io Team
October 8, 2021
