Win $6,000 in ADX on Loopring
Take part in Loopring’s liquidity mining competition for a chance to increase your ADX positions
Take part in Loopring’s liquidity mining competition for a chance to increase your ADX positions
Good news for $ADX traders these days just keep coming! On September 23rd DeFi exchange Loopring announced ADX/USDT trading pair and on September 24th a liquidity mining competition took off with $6,000 ADX reward pool — the current biggest liquidity mining reward pool on Loopring at the moment.
About Loopring
Loopring Exchange is Ethereum’s first zkRollup DEX. zkRollup is a type of layer 2 scaling solution, allowing for high throughput, low settlement cost (no gas), while maintaining complete Ethereum self-custodial security guarantees. This makes it a great solution for high performance orderbook trading, and that is exactly what Loopring is incentivizing with its liquidity mining program.
About the Liquidity Mining Program
Liquidity mining on Loopring.io is the program of giving liquidity providers on the venue rewards for their service (adding liquidity to the orderbooks). Liquidity mining campaigns on Loopring are for specific trading pairs, typically last 30 days each, and each campaign has its own spread requirement and associated reward pool (described by a dollar amount and reward token).
But what does liquidity mining actually do?
Quote from Loopring’s Medium blogpost:
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How to get started?
Start by reading the ADX-USDT liquidity mining announcement on Loopring’s Medium blog and then check the instructions on how to start liquidity mining.
Other ways to win $ADX?
You bet there are! Now is the best time to increase your $ADX positions with awesome opportunities waiting. You can:
- Win $60,000 on a Binance trading competition
- Get 46.7% APY by staking ADX on Binance
- Enjoy more than 50% APY by staking ADX on the dedicated staking portal
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