Three-month extension for Avalanche liquidity mining campaign
This blog was originally posted on the Hummingbot blog on May 20, 2021.
Since we launched liquidity mining for Avalanche last December, we have seen 530 distinct individual miners participate in the liquidity mining campaign with the number of weekly distinct miners peaking at 135. The total filled order volume has reached $160 million as of May 20th, 2021. Encouraged by the outstanding results, Ava Labs has decided to extend its liquidity mining campaign for another 3 months with a total reward pool of ~US$18,000 in AVAX tokens! We encourage everyone to join and keep earning rewards!
Summary stats of the Avalanche liquidity mining campaign
Below are some of the key metrics of the past campaign period as of May 20th, 2021
- 530 distinct users participated and earned rewards
- Liquidity miners have accounted for as much as 44% and 32% of total daily AVAX/BNB and AVAX/TRY trading volumes respectively on Binance
- Liquidity miners accounted for US$160M of filled order volume
- Open order book volume created by miners peaked at US$186K with a continued upwards trend
For the detailed statistics as of May 20, 2021, click on this link.
Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.
The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offers to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.
No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however, measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy. For full terms of the campaign, please see liquidity mining campaign terms.
- Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
- Campaign terms subject to change: terms may be modified throughout the campaign. We will announce any changes, if any, on our discord and Reddit; the most up-to-date terms will also be posted on the liquidity mining campaign terms and the miners app.
Learn More:
- Hummingbot Miner’s app: current liquidity mining campaigns
- Getting started with Hummingbot
- Liquidity mining basic training video
- Liquidity mining advanced training video
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