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Defi Liquidity Mining: A Beginner’s Guide To Defi Liquidity Mining Enlightenment, Implementation, And How To Benefit From A Decentralized Ecosystem To Create Passive Income by Angela Matip
If you’re a crypto fan who is constantly on the lookout for new developments in the DeFi and cryptocurrency world, then liquidity mining is a good place to start. The DeFi ecosystem has grown 10 times in size thanks to this relatively new approach, and this exponential expansion is expected to continue in the future.
A huge percentage of investors see liquidity mining as a primary incentive and appeal. It was first presented by IDEX in 2017, then fine-tuned by Synthetix and decentralized oracle provider Chainlink in 2019, before being widely adopted in June 2020 by Compound and Uniswap.
Several protocols have implemented it as of today, and it is thought to be a clever and efficient approach of distributing tokens. The bulk of these protocols are decentralized, allowing nearly anybody to participate in the process of liquidity mining.
Liquidity mining is also reported to have played a part in the 2020 DeFi boom, as well as the monthly volume growth of decentralized exchanges, which increased from $39.5 million in January 2019 to $45.2 billion in January 2021. Its entire value locked is anticipated to be $76.9 billion as of May 7, 2021. Its entire value frozen is expected to be $112.08 billion as on November 10, 2021.
Continue reading to learn more about how liquidity mining works, what tasks it fulfills, and which protocols have benefited from it.
ASIN : B0B2J9LLNH
Publication date : May 26, 2022
Language : English
File size : 354 KB
Simultaneous device usage : Unlimited
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Sticky notes : On Kindle Scribe
Print length : 28 pages