Enhanced Incentives for Liquidity Providers on MarginX

Proposal #62 — More incentives for MarginX LPs!

In 2022, Function X provided MarginX, the leading decentralized exchange on f(x)Core, with 5,000,000 $FX to distribute to Liquidity Providers (LPs) as staking rewards. It’s been about 2 years and the 2022 incentives provided to LPs on MarginX have been a success. However, the incentives are running out.

Two weeks ago, in a post on StarScan forum, a MarginX Core Contributor suggested that we consider increasing the rewards pool for LPs. The community has responded positively to his suggestion and so, we have decided to proceed with Governance Proposal #62.

In Proposal #62, we propose a 20,000,000 $FX (~US$2.4mil) package as additional incentives for LPs on MarginX. This will ensure that our loyal LPs continue to be rewarded for their efforts, encouraging them to continue staking their $FX with MarginX. Additionally, as a reward for the loyalty shown from existing LPs, we will generously increase the APR/APY rewards offered to LPs.

Token Factory

We would also like to highlight an upcoming new feature on MarginX called Token Factory. With Token Factory, anyone will be able to easily create their own tokens on f(x)Core. This will increase the ecosystem of tokens and generate more user activity on f(x)Core. Stay tuned for more updates on Token Factory!

Vote for Prop #62!

If Prop #62 makes sense to you, head over to StarScan to deposit and vote.

Let’s usher in the next stage for f(x)Core and MarginX!