2021-08-09 · 4 min read
Within merely two weeks of the DAO Maker campaign launch, we have seen 64 distinct individual miners in total promoting liquidity for the DAO token. At times, Hummingbot miners accounted for as much as 29% of total DAO trading volume on KuCoin with an average of 20% of the total volume. The open order volume reached US$34K at the peak, and the total filled volume has reached US$1.5 million. Both the Hummingbot and DAO teams are quite pleased with the campaign’s performance and community engagement!
While the campaign does not reward for filled order volumes, the order book depth created by Hummingbot miners has generated over US$1 million of total traded volume since the campaign launch with tight bid/ask spreads that are constantly under 1%.
At the time we publish this post, the DAO pair boasts a 3.4%+ daily yield (i.e. 1,231%+ annual yield), ranked #1 in terms of the yields for all campaigns on KuCoin (Check the market here). Based on the mechanism of liquidity mining, the earlier you join a campaign, the higher yield you’ll get due to lower competition with other miners. Since we have only launched the campaign recently, you can still enjoy the high yield as an early player!
Sign up for your KuCoin account (please use this referral link to support the Hummingbot project) and don’t miss out on the DAO Maker campaign!
DAO Maker creates growth technologies and funding frameworks for startups. When you support DAO Maker, you also contribute to this platform and ecosystem that supports many other startups. We recently also successfully launched a liquidity mining campaign for FEAR, a DAO Maker launchpad project, with 85 total miners who’ve ever participated and US$2.6 mm total filled order volume created as of August 6, 2021. In the near future, we will be launching more campaigns for DAO pad projects, and you can make a positive impact to support these exciting startups!
DAO Maker is a platform democratizing the most lucrative segment of the financial industry: fundraising. The platform provides multi-investment vectors:
Early stage tokens: seed and private round valuation access for retail (live)
Yield: single-asset and LP staking aggregated in one portfolio (semi-live)
Early stage equity: seed and private round equity-funding opportunities for retail (in development)
DAO Maker furthers the process of democratizing investment finance by creating risk-reduction functions to match the low risk tolerance that most mass retail have. The platform is building unique yield swap functions: people can deploy stablecoins to established liquidity pools, and this yield is swapped for early stage tokens or equity.
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.