Blox extends its CDT liquidity mining campaign for 3 months

Blog»Blox extends its CDT liquidity mining campaign for 3 months
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Yingdan Liang

2021-04-20 · 3 min read

Since we launched liquidity mining for Blox in February, we have seen 150 distinct individual miners participate in the liquidity mining campaign over the short period of a little over 1 month. The total filled order volume has reached $10 million as of April 16th. Impressed by the campaign results, Blox has decided to extend its liquidity mining campaign for another 3 months and add the CDT/BTC pair to the campaign! Now you have more opportunities to earn liquidity mining rewards! We encourage everyone to join and start earning rewards! The updated reward schedule is as follows:

  • The reward pool*:

    • 1,250 USDT / week for the CDT/ETH pair

    • 625 USDT / week for the CDT/BTC pair

Summary stats of the Blox liquidity mining campaign

Below are some of the key metrics of the past campaign period as of April 16th, 2021

  • 150 distinct users participated and earned rewards

  • Liquidity miners accounted for US $10M of filled order volume

  • Open order book volume created by miners peaked at US$23K with a continued upwards trend

Detailed statistics (as of April 16th, 2021) are presented below:

We have witnessed consistent growth in the number of miners participating in the Blox campaign, with a total of 150 unique users participating to date.

miners

Hummingbot miners are currently accounting for around $21k of consistent, average order book volume, and the open order volume has been constantly trending upwards.

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

While the campaign does not reward for filled order volumes, the order book depth created by Hummingbot miners has generated $10 million of total traded volume since the start of the campaign.

fov
price

Participation in the CDT campaign has also been spread across a large group of users. Only 4 users have earned more than 5% of the total reward pool, and more than 20 miners earned 1% or above of the pool. This campaign has successfully enabled a community of smaller traders to participate and earn rewards, and we would love to see more miners joining this campaign with the addition of the CDT/BTC pair.

rank

*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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