Right before the new year, we are excited to bring you another new 3-month liquidity mining campaign for Frontier with a total reward pool of USDT 15,000! The campaign will start on December 29, 2020, 12:00 am UTC.
In this post, we are going to introduce Frontier to the Hummingbot community and give both the Hummingbot and Frontier communities an overview of the upcoming campaign.
Frontier is a chain-agnostic DeFi aggregation layer. To date, we have added support for DeFi on Ethereum, Binance Chain, BandChain, Kava, Solana, TomoChain, and Harmony. Via StaFi Protocol, we will also enter into the Polkadot ecosystem. With our applications, users can participate in protocol tracking and management, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring, and more. In short, Frontierʼs core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.
Frontier Liquidity Mining Campaign rewards liquidity miners for placing maker orders in FRONT tokens based on hard, quantifiable liquidity metrics. This new approach provides token projects such as Frontier with a community-driven alternative for liquidity. Instead of hiring a hedge fund, Frontier will incentivize its HODLer community and Hummingbot’s 8,000-member strong trader community to set up market making bots and trade FRONT.
The Hummingbot Team is particularly excited about this campaign because FRONT’s mission to incentivize open finance aligns with Hummingbot’s vision to democratize finance. FRONT incentivizes entry in DeFi, especially for smaller players who are unable to participate due to prohibitive costs. At the same time, Hummingbot provides ordinary individual traders and even the novice ones with the algorithmic trading superpower previously only available to proprietary investors.
Start date: December 29, 2020 12:00am UTC
Total reward pool*: USDT 15,000 for 12 weeks (USDT 1,250 / week)
Reward token: USDT
Eligible token pairs: FRONT/BUSD
Eligible orders: maker orders placed with spreads of 2% or lower
*For full terms of the campaign, please see liquidity mining campaign terms.
To learn more about liquidity mining, see below:
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.
The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.
No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.
Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.