Introducing PerlinX Liquidity Mining
Powered by Perlin and Balancer
The success of any DeFi trading platform hinges on its ability to achieve a sustainable positive feedback loop to overcome this critical problem: to have deep liquidity you need to have high trading volumes, and to have high trading volumes you need to have deep liquidity.
Liquidity mining remedies this issue by incentivizing users to deposit their idle assets on the platform to provide liquidity. Through the Balancer protocol as well as a liquidity incentive system developed by the Perlin team, PerlinX users will be able to earn BAL and PERL by staking their PERL.
PERL Liquidity Incentive
Starting from 25th Aug 2020, the Perlin foundation will be funding a 4 week trial on PerlinX to bootstrap liquidity on the platform’s liquidity pools. The details of the program are as follows:
- At least 1 Million PERL/week will be allocated from the treasury as incentive
- Perlin will adjust the amount of incentives depending on the market response
- PERL rewards will be available for claiming following a snapshot of all pools
- The snapshot will be taken daily in the first week, and taken weekly afterwards
You will be able to participate in any of the 5 following pools to obtain rewards:
- TUSD/PERL 50/50
- BUSD/PERL 50/50
- BAL/PERL 50/50
- DAI/PERL 50/50
- WETH/PERL 50/50
Start staking at PerlinX now! See here to learn how you can start providing liquidity and earn rewards!
If you have any questions, join us on Discord!
PerlinX platform: https://perlinx.finance
Twitter: https://twitter.com/PerlinNetwork
Discord: https://discord.gg/dMYfDPM
Telegram Announcement Channel: https://t.me/perlinnetwork
