Cosmos Public Chain Canto Continues Liquidity Mining Incentives

03/17/2023 04:36 • AI & Tech Insights • 68 views

On March 17th, it was reported that the “incentive measures for continuing liquidity mining” of the Cosmos ecological public chain Canto had been passed. The proposal proposes to continue the previous liquidity mining incentives with the same parameters to maintain the current capital efficiency of the network and stakeholder consistency. This means that within the next 30 days, each block will generate 37.6 CANTOs, and a total of 16.5 million CANTOs will be distributed to LP providers.

The proposal of Cosmos ecological public chain Canto to “continue liquidity mining incentive measures” has been passed

Analysis based on this information:

Cosmos, a blockchain ecosystem that promotes interoperability between different blockchain networks, has recently announced the continuation of its liquidity mining incentives program for its public chain Canto. The proposal outlines that the previous liquidity mining parameters will be maintained to ensure the network’s current capital efficiency and stakeholder consistency. This decision was made on March 17th, and the incentives program will last for the next 30 days.

Liquidity mining is a process where users provide liquidity to a particular pool to earn rewards. This practice has gained significant popularity in the decentralized finance (DeFi) industry, with numerous DeFi protocols incentivizing liquidity mining to attract more users to the platform. By continuing the liquidity mining incentives program, Cosmos is attempting to increase participation on its network while aiming to maintain stakeholder consistency.

Under the new proposal, every block generated within the next 30 days on the Cosmos public chain Canto will generate 37.6 CANTOs, and a total of 16.5 million CANTOs will be distributed to liquidity providers (LP providers) during this period. LP providers are the users who lock in their cryptocurrencies to enable trading liquidity for other users on the platform.

The decision to continue the liquidity mining incentives program is expected to encourage more users to join the Cosmos ecosystem by providing them with a chance to earn additional tokens. Additionally, these incentives are likely to improve the overall liquidity and trading activity on the Cosmos public chain Canto, which is crucial for a successful DeFi protocol.

Overall, the continuation of the liquidity mining incentives program by the Cosmos public chain Canto is a positive development for the DeFi industry. By incentivizing liquidity providers, these protocols are bound to attract more users to the platform and encourage further growth in the future.

In conclusion, the Cosmos blockchain ecosystem’s decision to continue with the liquidity mining incentives for its public chain Canto will boost liquidity, improve trading activity, and attract more users to the network.

References:

https://cosmos.network/
https://www.coindesk.com/what-is-liquidity-mining
https://defiprime.com/liquidity-providers

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