Loopring incentivizes $BCDT’s liquidity providing

A new step in DeFi for EvidenZ: a major campaign is launched by Loopring to encourage $BCDT holders to provide liquidity on the Layer 2 exchange.

A major incentive campaign

From April 1, 2021 — no joke — and for 13 days, 50,000 BCDT will be distributed by Loopring to the liquidity providers on the ETH/BCDT pair, according to the amount contributed.

More details on the Loopring blog.

As a reminder, Loopring allows BCDT and ETH holders to provide liquidity on the BCDT/ETH pair by making them available on a Loopring pool. These liquidity providers receive a commission of 0.20% on all transactions based on their share in the pool.

$BCDT available with reduced fees

Loopring’s L2 technology reduces the cost of acquiring $BCDT, facilitating access to $BCDT for new holders.

https://exchange.loopring.io/swap/BCDT-ETH

This is just the beginning

This campaign is the first of many that will last several months, in line with EvidenZ’s ambitious development plan.

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