Gate.io Liquidity Mining: BABYDOGE/USDT LM Reward Pool Adds Time-Limited 7,451,564,828,610 BABYDOGE Rewards

2021-10-04 06:47:51 UTC

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Gate.io launched BABYDOGE/USDT liquidity mining pool (Automated Market Maker AMM).To encourage more users to participate, Gate.io added a 7,451,564,828,610 BABYDOGE time-limited bonus to BABYDOGE/USDT liquidity pool at 4:00 am UTC today. BABYDOGE/USDT pair has the highest 24-hour trading volume at 47,684.99 USDT. Experience Now!

Add to BABYDOGE Liquidity: https://www.gate.io/en/liquidity_add/BABYDOGE_USDT
BABYDOGE trading link: https://www.gate.io/trade/BABYDOGE_USDT

Gate.io has officially opened the "liquidity mining" Telegraph chat group.

Discuss with other users and grasp the latest information on liquidity mining. Click to join the Liquidity Mining Telegram Chat Group.

Additional Reading:
What is the Automated Market Maker (AMM) mechanism?
Through the automated market maker mechanism, the liquidity provider (LP) can earn trading fee revenue by providing liquidity to the market. The order takers offer fees to the LP in exchange for lower slippage. Through this mechanism, the market needs of both parties are well matched, allowing LPs and takers to get what they want.

What is an impermanent loss?
It refers to the loss of capital due to spreads that occur when the price of a digital asset changes after an investor has deposited in the automated market maker liquidity pool. Irrespective of how the price of the digital asset changes, inpermanent loss will occur and the larger the spreads, the larger the loss.

What is liquidity mining?
Liquidity mining is a method of acquiring more cryptocurrencies by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that allows cryptocurrency investors to fully utilize their crypto assets and receive higher returns. Anyone can participate in the eco. Simply put, this means locking in cryptocurrencies to receive rewards.

What are the benefits of providing liquidity?
Users can earn market making dividends by adding liquidity to the market. By adding liquidity, funds are injected into the pool, and the fee revenue earned from automatic market making in the pool is distributed to the liquidity provider in proportion to their share of the pool. Liquidity can be accessed in real time without any commission charges.

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October 4, 2021

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