Gravity DEX Competition : An Event for Encouraging Liquidity Providing Encouragement
Hello traders! How is it going with the trading experience? We hope that the competition will help all the participants to understand Gravity DEX better.
Soon, we are going to launch another event on Gravity DEX. It is currently not very incentivised to invest tokens into pools because APY(Annual Percentage Yield) is relatively low in most pools. So, we would like to provide a temporary trading volume hike event to encourage liquidity providing activities.
Below is the mechanism of this event
- B-Harvest will execute lots of swap transactions to 4 liquidity pools.
- 4 pools will be selected randomly, and those pools will be changed for every hour
- For each selected pool, there will be approximately $1 billion trading volume executed by B-Harvest, boosting the swap fee rewards of the selected pools
For each hour, there will be approximately total $12 million fee reward distributed to the selected pool investors. The event will be executed for 24 hours, from May 9 UTC 15:00 to May 10 UTC 15:00
Please stay tuned on the Gravity DEX, find the trading volume boosted pools, and deposit into such pools to take advantage of this event!
(hint : watch the “APY” column in “Price” page of the Gravity DEX”)
Have fun and good luck!