Frontier Binance and KuCoin liquidity mining campaigns with $75k worth of total rewards

Blog»Frontier Binance and KuCoin liquidity mining campaigns with $75k worth of total rewards
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Yingdan Liang

2021-03-31 · 3 min read

Since the launch in late December last year, the Frontier liquidity mining campaign has seen 221 distinct individual miners participate to promote FRONT token’s liquidity and earn rewards as of March 24th, 2021. Hummingbot miners accounted for up to 45% of the FRONT/BUSD trading volume on Binance.

Encouraged by this result, Frontier has decided to extend the Front liquidity mining campaign on Binance for another 3 months and launch a new liquidity mining campaign on KuCoin for the FRONT/BTC and FRONT/USDT pairs.

The new reward schedule is as below:

  • Binance:

    • FRONT/BUSD: USDT 1,250/week + FRONT 422/week

  • KuCoin:

    • FRONT/USDT: USDT 625/week + FRONT 422/week

    • FRONT/BTC: USDT 625/week + FRONT 422/week

Stats of the Frontier liquidity mining campaign as of March 24th, 2021

Below are some of the key metrics of the past campaign period:

  • 221 distinct users participated and earned rewards

  • Liquidity miners have accounted for as much as 45% of the FRONT/BUSD trading volume on Binance

  • Liquidity miners accounted for ~US$25.5mm of filled order volume

  • Open order book volume created by miners peaked at US21K, and were constantly in the range of US10K - $18K

Hummingbot miners are currently accounting for $17k of consistent, average order book volume at spreads of less than 2% or tighter.

oov

The weighted average miners spreads have consistently and generally been tighter than 1%. The lower lines are bid spreads, higher lines are ask spreads.

spread
price

*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.

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