Opium launches joint liquidity mining program on 1inch Liquidity Protocol

Opium governance system and governance token were recently introduced to the community. Alongside the governance system, we introduced an attempt to a more fair distribution mechanism based on economic game theory and called DR.OPIUM.

1inch is a DEX aggregator that combines liquidity from major DEXes. 1inch achieves the lowest slippage by splitting orders among multiple DEXes in one transaction and bridges the liquidity if a specific trading pair lacks liquidity in all DEXes.

Today 1inch team announced a liquidity mining program for ETH-OPIUM liquidity providers. Under this liquidity mining program, 0.04% (600k) of the 1INCH token total supply will be distributed among providers of liquidity to the ETH-OPIUM pool over a four-week period.

We liked the initiative and decided to propose token holders to support this initiative (via voting) as an experiment. We propose that the 1inch liquidity mining program participants will be rewarded with 50'000 $OPIUM tokens from the Ecosystem Fund at the end of the month via DR.OPIUM mechanism (see details).

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