1 Jun 2019 Jahr - Synthetix - incentiviranje (Začetek)

Beschreibung:

Synthetix začne z programom incentiviranja likvidnosti. Programi rudarjenja ali incentiviranja likvidnosti kasneje postanejo ključni za razmah Defi poletja

"Low liquidity is one of the biggest factors constraining the growth of decentralized exchanges. Incentivizing users to provide liquidity and algorithmically pooling it together is a powerful solution that leads to a better trading experience for all.

In July 2019, Synthetix announced a 4-week experiment to see if protocol level incentives would lead to a deep sETH/ETH liquidity pool on Uniswap. At the time, users who wanted to exit back into ETH after trading synthetic assets had to deal with slippage from low Uniswap liquidity for the sETH/ETH pair. As such, the campaign was designed to increase liquidity and provide a better end-user experience in a cost-effective manner after trading on the Synthetix.exchange.

To conduct the sETH liquidity incentive experiment, Synthetix diverted 5% of the weekly reward pool to holders of the Uniswap sETH pool token. At the time this was roughly equal to 72k SNX tokens, or $25k/week in incentives. The rewards are distributed based on each liquidity provider’s proportion of the total pool that week, and the sETH tokens must be held in the pool the entire week to qualify.

After the 4-week trial period, a Synthetix Improvement Proposal (SIP) was created and these incentives were officially implemented into the Synthetix platform under SIP-8. In February 2020 Synthetix announced a new Uniswap sETH liquidity provider reward system under SIP-31 which now requires users to stake their LP tokens to claim SNX rewards."

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