Launching CDT liquidity mining campaign

Launching CDT liquidity mining campaign

Blog»Launching CDT liquidity mining campaign

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Yingdan Liang

2021-01-27 · 3 min read

announcement

We are excited to announce a new liquidity mining campaign for Blox with a total reward pool of 15,000 USDT! The campaign will start on February 2, 2021, 12:00 am UTC.

In this post, we are going to introduce Blox to the Hummingbot community and give both the Hummingbot and Blox communities an overview of the upcoming campaign.

Liquidity Mining Campaign for Blox (CDT)

The Blox (CDT) Liquidity Mining Campaign incentivizes traders for improving CDT order book depth by placing maker orders in eligible CDT pairs. For liquidity miners, this is a great way to participate in market making previously impossible for average traders while earning rewards from doing so. For Blox, this new alternative for liquidity provision motivates its existing token HODLers to contribute to the CDT ecosystem and introduces CDT to Hummingbot’s 9,000-member strong trader community.

Campaign Terms²

  • Start date: February 2, 2021 12:00 AM UTC

  • Total reward pool*: 15,000 USDT for 12 weeks (1,250 USDT / week)

  • Reward token: USDT

  • Eligible token pairs: CDT/ETH

  • Eligible orders: maker orders placed with spreads of 2% or lower

  • Exchange: binance.com

*For full terms of the campaign, please see liquidity mining campaign terms.

To learn more about liquidity mining, see below:


Important notes and disclaimers

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.

1. Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.

2. 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.

About Blox

Blox is a non-custodial Eth2 staking service. Its mission is to make ETH staking safe, simple, and scalable without compromising on user privacy and Ethereum's decentralization.

Blox aims to allow its users to maximize rewards while eliminating the overhead required in setting up and managing an Eth2 staking operation. The service affords the user complete custody over both the withdrawal key and validator key.

What is CDT?

CDT will be incorporated into Blox Decentralized Staking Pools, effectively driving the decentralized Eth2 staking economy. pool participants that contribute to securing the network (Block Producers) will receive CDT rewards for the correct execution of duties and contributing to protocol governance.

Learn more: https://www.bloxstaking.com/documents/blox-native-token-cdt/

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