SushiSwap Rewards Axie Infinity’s Liquidity Providers

2021-2-10 22:21

SushiSwap is now rewarding Axie Infinity users who provide liquidity to the WETH-AXS pair on the trading platform.

Axie LPs Can Now Earn SUSHI

Axie Infinity is a non-fungible token (NFT) game where users trade collectibles styled after the amphibian axolotl. In addition to NFTs, the platform also has a governance token, AXS.

Liquidity providers (LP) who support the WETH-AXS pair on SushiSwap can now earn SUSHI as reward. Since the reward scheme went live, the liquidity of the WETH-AXS pair has risen significantly. Prior to this, the trading pair had less than $5,000 in liquidity. Now, it has nearly $1 million in liquidity.

WETH-AXS liquidity, via SushiSwap

Apart from earning 0.25% trading fees, LPs will also earn SushiSwap’s native governance token SUSHI at a rate of 140% APY.

Axie Infinity has attracted the attention of behemoths like Ubisoft and Binance. Recently, the team has managed to sell nine plots of land for this game for a staggering sum of 888.25 ETH ($1.5 million).

Meanwhile, SushiSwap has witnessed a 1,000% increase in liquidity and a 3,000% increase in market value over three months. It has also launched a vault with an APY of over 300%.

Discolsure: At the time of writing, this author held Ethereum (ETH).

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ribbit Rewards (RBR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 RBR

liquidity providers infinity axie rewards sushiswap

Источник: cryptobriefing.com

liquidity providers → Результатов: 63


Explanation of strategy for growing LPN TOKEN's utilization, circulation, demand and supply

LPN TOKEN leads the global forex and luxury transportation industry. LPNT’s world’s best and experienced forex trading professionals and reputed liquidity providers like SWEDISH, Swissquote and GBThe post Explanation of strategy for growing LPN TOKEN's utilization, circulation, demand and supply appeared first on AMBCrypto.

2020-12-14 17:45


Фото:

Ripple’s Insitutional Arm Grows Along with XRP Integrated Liquidity Service

RippleNet, the network of financial institutions and payment providers using the Ripple ledger, has hit a milestone of 300 institutional customers from 45 different countries. On top of that, On-Demand Liquidity (ODL), which uses XRP to eradicate pre-funding capital requirements, has seen 7x growth from the end of Q1 2019 to the start of Q4,Read MoreRead More.

2019-11-8 20:00


Фото:

DiversiFi Begins Transition into DAO Structure, Building Away from Tokenomic Framework

DiversiFi, previously known as EthFinex, is preparing to convert its formal governance structure from centralized to decentralized using a Decentralized Autonomous Organization (DAO). According to Finder, DiversiFi is developing a tokenomic framework in order to incentivize users to become liquidity providers, paying them a fee via the native NEC token, September 25, 2019.

2019-9-26 09:00


Фото:

Bitcoin and Ethereum Derivatives Launched on Bitfinex

According to official news released by Bitfinex on September 3, the exchange has added support for two derivatives products based on Bitcoin and Ethereum. Bitfinex, the Market Leader Founded in 2012, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers, while also being closely linked with the most popular stablecoin Tether (USDT).

2019-9-4 15:00


Moneygram Banks on Ripple xRapid’s Speed to Minimize Liquidity Costs in Settlement

Not long ago, one of the leading global money transfer and payment services providers, Moneygram International got into partnership with the Fintech company, Ripple Inc. The aim of this partnership is for Moneygram to leverage on Ripple’s XRP integrated financial tool, xRapid to minimize the high cost associated with funds transfer and settlement.

2019-6-28 15:26


дальше еще 14 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SushiSwap: Sushi DAO Treasury proposal passes amid wallets creation controversy

A contentious proposal by the SushiSwap (SUSHI) team to restructure its treasury appears set to advance, despite facing vocal opposition and accusations of voting manipulation. The proposal, put forth by the SushiSwap team on March 26, aims to transition the protocol to a “Labs model” to enhance operational efficiency and accelerate protocol development. It proposes […]

BadgerDAO partners with Lido to launch Bitcoin-pegged stablecoin

BadgerDAO, a prominent player in the Bitcoin (BTC) decentralized finance (defi) sector, has announced a partnership with Lido, a premier provider of liquid staking solutions on the Ethereum network. According to a press release shared with crypto.news, a new eBTC…

Blast mainnet launch unlocks $2.3 billion in assets

Blast, an Ethereum Layer 2 solution utilizing optimistic rollups, has officially launched its mainnet, marking a significant milestone in the decentralized finance (DeFi) space. The launch, which occurred on February 29th at 9 PM GMT, comes after months of anticipation and substantial deposits onto the platform.

Sushi goes live on Aptos

Decentralized platform Sushi announced integration with the Aptos blockchain for scalability, security, and improved user experience. In a blog post published on Nov. 20, Sushi announced the first non-Ethereum virtual machine (EVM) chain integration on Aptos. Additionally, Sushi says it…

Sushiswap (SUSHI) surges amid new tokenomics model discussion

Decentralized exchange Sushiswap (SUSHI) has introduced a new tokenomics model for sustainable growth and efficiency that the community is now discussing. Launched in August 2020, SUSHI is a decentralized finance protocol on Ethereum (ETH) that allows cryptocurrencies to be traded…