2021-05-20 · 3 min read
Since we launched liquidity mining for Avalanche last December, we have seen 530 distinct individual miners participate in the liquidity mining campaign with the number of weekly distinct miners peaking at 135. The total filled order volume has reached $160 million as of May 20th, 2021. Encouraged by the outstanding results, Ava Labs has decided to extend its liquidity mining campaign for another 3 months with a total reward pool of ~US$18,000 in AVAX tokens! We encourage everyone to join and keep earning rewards!
Below are some of the key metrics of the past campaign period as of May 20th, 2021
530 distinct users participated and earned rewards
Liquidity miners have accounted for as much as 44% and 32% of total daily AVAX/BNB and AVAX/TRY trading volumes respectively on Binance
Liquidity miners accounted for US$160M of filled order volume
Open order book volume created by miners peaked at US$186K with a continued upwards trend
We have witnessed consistent growth in the number of miners participating in the Avalanche campaign, with a total of 530 unique users participating to date.
Hummingbot miners are currently accounting for around $100k of consistent, average order book volume, and the open order volume has been constantly trending upwards.
The weighted average miners bid-ask spreads have consistently and generally been tighter than 1%. The lower lines are bid spreads, higher lines ask spreads.
While the campaign does not reward for filled order volumes, the order book depth created by Hummingbot miners has generated $160 million of total traded volume since the start of the campaign.
This campaign has successfully enabled a community of smaller traders to participate and earn rewards. Participation in the AVAX campaign has 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.
*For full terms of the campaign, please see liquidity mining campaign terms.
To learn more about liquidity mining, see below:
Hummingbot Miner’s app: current liquidity mining campaigns
Getting started with Hummingbot
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 offers 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 throughout 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.