Today news
About the same in other media
17.11 - 15:15
Project Serum allocates $100M to liquidity mining
Reading now: 751
Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem.
The initial allocation was approved by Serum’s decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serum’s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum’s on-chain order book.
Liquidity mining is an effective tool for DeFi protocols as it incentivizes automated market makers to supply liquidity and enhance the network’s overall operation. As a broader concept, liquidity mining refers to a process whereby a project offers its tokens to anyone
Read more on cointelegraph.comAbout this in other media
Klima DAO accumulates $100M of carbon offsets, aims to drive up price cointelegraph.com /2 years ago
M3M Soulitude project sales cross Rs 1000-cr mark within first week of launch financialexpress.com /2 years ago
Project demonstrates blockchain for businesses is more than hype cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
