For some reason nobody is talking about this.
It’s another way to get a bag of LOAN Token.
It’s the limited-time, Liquid Loans LP Rewards program and it’s happening very soon!
Starting at the moment of launch, the Liquid Loans LP Rewards program will run for 42 days.
The program is for users who provide liquidity on the PLS:USDL pair on PulseX.
These users can take their LP tokens from PulseX and deposit them into a smart contract on the Liquid Loans dApp.
As a reward, the liquidity providers will receive LOAN Token emissions in proportion to their share of the pool.
After 42 days, this opportunity will never arise again.
The purpose of the LP Rewards program is to incentivize users to create thick liquidity pools for USDL:PLS.
USDL is a fully-backed, algorithmic stablecoin, native to PulseChain. It is created by an immutable product with no admin keys and a decentralized oracle service.
Therefore, USDL is the best option as the primary liquidity source for PLS. Unfortunately, however, the primary liquidity sources for PLS are highly centralized, fiat-backed stablecoin.
At the time of writing this, roughly 90 days from PulseChain launch, the major sources of liquidity are:
For the future health of PulseChain, the primary liquidity pair should be a truly-decentralized stablecoin which has no risk of losing its collateral source, or censoring tokens.
The LP Rewards Program is a great opportunity to secure some Loan Token.
To participate, you will need both USDL and PLS, in equal dollar amounts.
You will also need an understanding of how to provide liquidity on PulseX.
We suggest that you practice first on Testnet v4 for anything that you plan to do on mainnet.
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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.
Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.