Liquidity Mining

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  • The content of this Site does not constitute investment, financial, legal, or tax advice, nor does any of the information contained on this Site constitute 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.
  • There is no guarantee of profit for participating in liquidity mining.
  • Participation is subject to eligibility requirements.
Please review the Liquidity Mining Policy for the full disclaimer.

What is it?

Liquidity mining is a community-based, data-driven approach to market making, in which a token issuer or exchange can reward a pool of miners to provide liquidity for a specified token.

Liquidity mining sets forth an analytical framework for determining market maker compensation based on (1) time (order book consistency), (2) order spreads, and (3) order sizes, in order to create a fair model for compensation that aligns a miner's risk with rewards.

Getting started

Read me first

Installation and configuration

Support

Note

Currently, only orders that have been outstanding for less than 30 minutes are eligible to earn rewards. This imposed limit is due to errors created by longer-duration orders. Work on removing this limit is in progress, read more here

Terms subject to change

Please check this page or the Miner's app for the most up-to-date terms.
We will notify participants of changes, if any, on our Discord and reddit.

Campaign updates for the week starting July 28, 2020 12.00am UTC

After discussions with miners and traders in our community, we have decided to revise the spread density function constant to increase rewards for placing orders with tighter spreads vs those placed at wider spreads.

You can read more about it in our Reddit post.

Campaign updates for the week starting August 4, 2020 12.00am UTC

SOL liquidity mining campaign will be paused. After we add other exchanges where SOL trades, we and Solana will revisit liquidity incentives for SOL.

You can read more about it on this Reddit post.

Current reward period: August 4, 2020 12.00am UTC to August 10, 2020 12.00am UTC

Token Issuer Trading pair Exchange Maximum spread Spread factor * Weekly rewards
COTI
COTI/BTC Binance.com 2% 8 USDC 250
COTI/USDT Binance.com 2% 8 USDC 250
COTI/BNB Binance.com 2% 8 USDC 250
Mainframe
MFT/USDT Binance.com 2% 8 USDC 200
MFT/ETH Binance.com 2% 8 USDC 275
MFT/BNB Binance.com 2% 8 USDC 275
NULS
NULS/BTC Binance.com 2% 8 USDC 666
NULS/USDT Binance.com 2% 8 USDC 667
NULS/ETH Binance.com 2% 8 USDC 667
iExec
RLC/BTC Binance.com 2% 8 USDC 250
RLC/USDT Binance.com 2% 8 USDC 250
RLC/ETH Binance.com 2% 8 USDC 250
Zcoin XZC/BTC Binance.com 2% 8 USDC 375
XZC/USDT Binance.com 2% 8 USDC 375

* Spread density function constant is one of the factors that determines the relative weighting of orders by spread, i.e., the amount of additional rewards for orders with tighter spreads vs those with wider spreads. Refer to this spreadsheet for the spread weights and for a visual of the graph that shows the curve.

Upcoming changes to campaign terms

No upcoming changes.

Token Issuers

COTI

COTI is a fully encompassing “finance on the blockchain” ecosystem that is designed specifically to meet the challenges of traditional finance (fees, latency, global inclusion and risk) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for real time payments. The ecosystem includes a DAG based Blockchain, a Proof of Trust Consensus Algorithm, a multiDAG a Global Trust System, a Universal Payment Solution, a Payment Gateway, as well as consumer (COTI Pay) and merchant (COTI Pay Business) applications.

Whitepaper | Twitter | Telegram | Discord | Github | CoinMarketCap | CoinGecko

iExec

iExec (RLC) claims to have developed the first decentralized marketplace for cloud computing resources. Blockchain technology is used to organize a market network where users can monetize their computing power, applications, and datasets. By providing on-demand access to cloud computing resources, iExec is reportedly able to support compute-intensive applications in fields such as AI, big data, healthcare, rendering, or FinTech. iExec's RLC token has been listed on Binance, Bittrex, etc.

Whitepaper | Twitter | Telegram | Github | Explorer | CoinMarketCap | CoinGecko

Mainframe

The Mainframe (MFT) Lending Protocol allows anyone to borrow against their crypto. Mainframe uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate lending and borrowing — something much needed in decentralized finance today.

Blog | Twitter | Discord | Github | CoinMarketCap | CoinGecko

NULS

NULS is a microservices-driven blockchain project that uses the Proof of Credit (PoC) consensus mechanism (dPoS plus credit rating) to mine via staking. The NULS modular design features NULSTAR, a microservices-based framework reportedly enabling enterprise-grade blockchain solutions for smart contracts, private chains, public chains, dApps and NRC-20 tokenization. NULS 1.0 mainnet launched in July, 2018. The main product of NULS is Chain Factory, a chain-building tool that allows businesses to utilize the plug-and-play selection of modules from the NULS Module Repository including cross-chain consensus for asset value circulation within the NULS ecosystem.

Blog | Twitter | Github | CoinMarketCap | CoinGecko

Zcoin

ZCoin (XZC) is an open-source privacy-focused cryptocurrency token that launched in Sep 2016. Zcoin originally pioneered the use of Zerocoin to enable privacy but has since transitioned to a scheme called Sigma which is based on a paper by Jens Groth and Markulf Kohlweiss that reportedly allows greater scalability and removes the need for trusted setup in Zerocoin. With Zcoin’s Sigma feature, only the sender and receiver would be able to ascertain the exchange of funds in a given transaction, as no transaction histories are linked to the actual coins. Zcoin is also the creator of the Lelantus privacy protocol which improves Sigma's privacy and functionality. Its ZC token has been listed on Binance, Huobi Global, Bittrex, etc.

Whitepaper | Twitter | Telegram | Github | Explorer | CoinMarketCap | CoinGecko