Gate.io has launched PRIDE/USDT trading pair, and a new version of the liquidity mining pool bonus (Automated Market Maker AMM) is available for it. Moreover, an extra time-limited bonus of 52,610 PRIDE has been added to it respectively at 16:00 o’clock.

For this kind of liquidity mining pool, 50% of the trading fee 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). Users who join the ORION liquidity mining pool can now earn double the rewards including “0.3% Handling Fees” and “Extra Rewards”. Welcome to join it now!

To Earn PRIDE Returns Right Now!

Gate.io has launched the Liquidity Mining Help Guide which offers common Q&A and procedures to help users. You can also join the Gate.io LM N Lending & Single-Asset Vault Group to share and discuss ideas with more users. The TG Group will bring more latest information on Liquidity Mining to you.

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 also allows users to enjoy a low-cost and quality user experience on a centralized platform. Gate.io will continue to add supported currencies, please keep a close eye on further announcements.

View the new liquidity pool: Gate.io will Upgrade Certain Markets to Automated Market Maker (AMM) Mode (Add 50% Transaction Fee as Bonus)

*Extended Reading:

What is liquidity mining?

Each trading pair market that supports Automated Market Maker (AMM) service will be equipped with a corresponding Liquidity Pool in which users will inject funds. Thus, users will automatically become liquidity providers and are indirect market makers. They can get the transaction fee dividend. Thus is the so-called liquidity mining.

What is the Automated Market Maker (AMM) mechanism?

The automatic market-making robot will work out the swap price according to the ratio of the two tokens in the pool, and the trader will directly trade at this swap price when placing an order. The way of using algorithmic robots to simulate trading behavior in the market and offer liquidity to the market is called the Automated Market Maker (AMM). Gate.io's Athe Automated Market Maker (AMM) calculates prices based on the "Constant Product Market Maker Model" (x*y=k) to provide continuous quotes for the market.

How will liquidity mining benefit providers and traders?

Liquidity providers who participate in liquidity mining are able to use their idle assets to obtain returns with very low risks; for traders, the waiting time for transactions has been greatly shortened. Meanwhile, the more funds are injected into the liquidity mining pool, the less slippage will be generated in transactions.

What benefits can be obtained from participating in Gate.io liquidity mining?

Gate.io will launch liquidity pools of different currencies and set up reward pools according to currency requirements. Users who participate in the reward pool can get additional rewards in addition to regular handling fee revenues.

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, the impermanent loss will occur and the larger the spreads, the larger the loss.

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April 20,2022