Twin Rewards, liquidity mining rewards provided by each token venture and Bancor, at the moment are 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 are 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 venture that commited to deploying token rewards by the top of August 2022 was eligible to affix the Twin Rewards Program. The Bancor DAO authorized 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 the moment.
Advantages of Twin Rewards
For ACRE, CROWN & DAPP LPs, not solely can they benefit from the liquidity mining incentives from each the token venture and Bancor, however the token rewards are additionally auto-compounding, which requires no lively re-staking and 0 gasoline charges, due to the Auto-Compounding Rewards.
On the identical time, the token initiatives can bootstrap liquidity in a sustainable means 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 cheaper price influence trades. The auto-compounding function additionally affords 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 affords a particular profit to all events concerned: LPs, Bancor and token initiatives.