Opium announces double liquidity mining with 1inch

Opium Team
Mar 30 · 2 min read

1inch is a DEX aggregator that brings together liquidity from various DEXs. By splitting orders across multiple DEXes in one transaction, 1inch maintains the lowest slippage and bridges liquidity if a particular trading pair loses liquidity across all DEXes.

1INCH team has decided to cooperate with Opium Network to develop a double liquidity mining program for 1INCH-OPIUM liquidity providers. Over a six-month period (24 weeks), 0.01% (150k) of the total supply of 1INCH tokens will be allocated among providers of liquidity to the 1INCH-OPIUM pool under this liquidity mining program.

We liked the idea and decided to propose that token holders support this initiative (via voting). We proposed that participants in the 1inch liquidity mining program be rewarded with 150'000 $OPIUM tokens from the Ecosystem Fund over a six-month period (24 weeks) through the 1inch Exchange farming mechanism.

The new program, centered on the 1INCH-OPIUM pool, will start at 9 pm UTC on March 30.

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