Today, we are excited to announce the launch of LCX liquidity rewards program for LCX/ETH pool at Uniswap V2. The first quarter 2021 has been truly record-breaking in many ways. We shared many insights in Monty’s last CEO update, we published our Product Roadmap 2021 and $LCX reached a new all-time high.
Uniswap has been tremendous for $LCX with peak daily trading volume of almost $4 Million USD.
We are excited to announce our Uniswap Liquidity Rewards Program. We will be giving out monthly rewards for Uniswap liquidity providers. The liquidity program is going to be launched this Saturday, on April 10th 2021.
The first reward will be 500,000 LCX (from 10th of April to 10th of May — paid out by May 14th). You are only eligible if you are holding the LP tokens (uni-v2) in your own whitelisted wallet.
Liquidity providers benefit by getting ETH and LCX simultaneously. These rewards are paid in LCX to every liquidity provider that locks ETH and LCX on Uniswap for at least 30 days. These rewards are in addition to the normal 0.3% fee liquidity providers automatically get from Uniswap trades on the trading pairs they provide liquidity to.
In order to participate, you just have to whitelist your address and add liquidity to LCX’s LCX/ETH pool trading pair at Uniswap V2. The rewards program is automatically renewed on a monthly basis unless said otherwise.
By incentivizing LCX Token holders with rewards, we aim to provide the necessary liquidity to build enduring value for the LCX Token and the LCX ecosystem.
Basically, we take any qualifying Liquidity Providers at the end of each period and split up the pool among them.
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