Phoenix Global liquidity mining is back!
This blog was originally posted on the Hummingbot blog on June 10, 2021.
In the previous liquidity mining campaign period for Phoenix Global, we saw 482 distinct individual miners participate with the number of weekly distinct miners peaking at 129. The total filled order volume has reached $45 million as of May 24th, 2021. With US$30,000 rewards paid out, these impressive results demonstrated the cost efficiency of Hummingbot’s community-driven approach of liquidity mining. Encouraged by the results, Phoenix Global has decided to resume its liquidity mining campaign for another 3 months with a total reward pool of ~US$15,000 in PHB tokens!
Have you participated in the previous PHB campaign? Join it and start earning rewards again!
Summary stats of the previous PHB liquidity mining campaign
Below are some of the key metrics of the past campaign period as of May 24th, 2021.
- 482 distinct users participated and earned rewards
- Liquidity miners have constantly accounted for 60% or above of total daily PHB/TUSD trading volumes on Binance
- Liquidity miners accounted for US$45M of filled order volume
- Open order book volume created by miners peaked at US$66K with an average of $30K+
- The weighted average miners bid-ask spreads have consistently and generally been tighter than 1.5%
New Campaign Terms²
- Start date: June 15th, 2021 12:00 AM UTC
- Total reward pool*: USD 15,000 for 12 weeks
- Reward token: PHB
- Eligible token pair: PHB/TUSD
- Eligible orders: maker orders placed with spreads of 2% or lower
- Exchange: binance.com
Read more about Phoenix Global by clicking on this link.
