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Twin Rewards are actually dwell on Arable Protocol (ACRE), Crown Capital (CROWN) & LiquidApps (DAPP)
Twin Rewards, liquidity mining rewards provided by each token mission and Bancor, are actually dwell on 3 swimming pools: Arable Protocol (ACRE), Crown Capital (CROWN) & LiquidApps (DAPP). Bancor is matching as much as 50k BNT on every of those token swimming pools which might be providing the next liquidity mining rewards:
- 6,150,000 bnACRE
- 3,749,604 bnCROWN
- 29,997,350 bnDAPP
See particulars on Etherscan.
What are Twin (Liquidity Mining) Rewards?
In Bancor 3, token initiatives can incentivise their very own communities by offering liquidity mining incentives in their very own token. As per the proposal to match liquidity mining rewards with as much as 50k BNT per pool, any token mission that commited to deploying token rewards by the tip of August 2022 was eligible to hitch the Twin Rewards Program. The Bancor DAO accepted to match liquidity mining incentives in greenback worth as much as 50k BNT on the time of token dedication and distributed over a 24 month schedule.
3 swimming pools: Arable Protocol (ACRE), Crown Capital (CROWN) & LiquidApps (DAPP) are taking part within the Twin Rewards program that’s going dwell at present.
Advantages of Twin Rewards
For ACRE, CROWN & DAPP LPs, not solely can they benefit from the liquidity mining incentives from each the token mission and Bancor, however the token rewards are additionally auto-compounding, which requires no energetic re-staking and nil fuel charges, because of the Auto-Compounding Rewards.
On the identical time, the token initiatives can bootstrap liquidity in a sustainable manner with an emission schedule of their selecting. Leveraging on the advantages of Auto-Compounding Rewards, rewards are used as buying and selling liquidity from day one to facilitate deeper swimming pools and lower cost impression trades. The auto-compounding function additionally gives two distinct distribution fashions: Flat and Exponential Decay Distribution. Token initiatives can leverage the flexibleness of both distribution mannequin to distribute their tokens to their liquidity suppliers.
The Twin Reward function, together with the Auto-Compounding Rewards, subsequently gives a particular profit to all events concerned: LPs, Bancor and token initiatives.
Twin Rewards are actually dwell on Arable Protocol ($ACRE), Crown Capital ($CROWN) & LiquidApps ($DAPP) was initially printed in Bancor on Medium, the place individuals are persevering with the dialog by highlighting and responding to this story.
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