EOS+DEX Liquidity Mining on Defibox.io DeFi Enjoy TRIPLE Rewards
Enjoy TRIPLE rewards as a EOS/DEX Liquidity Provider on Defibox.io
Defibox.io rolled out a campaign for the community to earn DEXs rewards by adding liquidity on Defibox.io. Wallets that provide EOS/DEX liquidity on Defibox.io will be entitled to a share of 272,160 DEX.
Defibox liquidity campaign starts at 17:00 (HKT) on June 25, 2021 with a period of 15 days.
On EOS/DEX pair there are 3 incentives:
1). BOX 2.0 mining weight
2). DEX 1.0 mining rewards
3). Fee revenue
On Defibox.io you can earn becoming a Liquidity Provider, all you have to do is to set your own pool providing equal value for both tokens of your chosen pair. As people use it, you will earn a commission on it.
To give you a proof of ownership of that liquidity share the system issues a special token called LP, in proportion to how much liquidity you supplied to the pool. The fees are therefore distributed proportionally amongst all the LP token holders. In addition to this defibox it offers an additional income from BOX mining.
HOW TO BECOME AN EOS/DEX LP ON DEFIBOX.IO
1). Navigate to Defibox.io
2). Click on the ‘sign’ button on the top right corner of the page.
3). Connect your EOS wallet like Anchor, Scatter, Tokepocket ect.
4). Select EOS/DEX pairs and click on ‘add liquidity’
5). Select the quantity of one token. The system automatically calculates the amount of the other token
6). Press the ‘confirm’ button and sign the request.
7). Defibox give you a BOXLP (BOXBGQ) token representative of your ownership, now you are an EOS/DEX Liquidity Provider!!! 🥳
You can claim hourly your DEX & BOX rewards here:
- If you deposit LP in Defibox lending market, you will not be able to earn DEX reward as liquidity provider.
The more liquidity you add, the higher will be your percentage of the USD 21000 actually valued DEX prize.
You need enough CPU resources in your EOS account to perform these actions, take a look here:
Eospowerup.io/auto for automatic resource allocation.
Defibox DEX mining announcement
Keep in check your impermanent loss, providing any liquidity to a pool, you get high yield but also high risks.
https://support.defibox.cc/hc/en-us/articles/900002435786
You can purchase DEX token on Defibox.io or Newdex.io. If you already have DEX, then please ensure you’re providing liquidity on Defibox.io based on the criteria stated above.
See you all in the pool!
Cheers :)
By TeamRekt
