Gate.io's New ALGO/USDT, RACA/USDT, NFT/USDT Liquidity Mining Reward Pools Are Now Live Limited Rewards for 14 Days.

Gate.io has launched a new version of its liquidity pool on August 1, 2021 (with a new 50% bonus on the platform’s transaction fees), Today, ALGO/USDT, RACA/USDT, NFT/USDT liquidity mining reward pools Add 14-Day Limited Rewards. Gate.io has opened liquidity mining pools for SOL/USDT、XLM/USDT、XLM/BTC、XLM/ETH、ONE/USDT、VET/USDT、VET/ETH、DYDX/USDT、DYDX/ETH、RACA/USDT、NEAR/ETH、FTT/USDT、FTT/ETH、MIR/USDT、MIR/ETH、AGLD/USDT、AGLD/ETH、DARK/USDT、CFG/USDT、CFG/BTC. Additional bonus pools will be added for the above pairs in the near future. Stay tuned for follow-up announcements. Experience Now!

Add ALGO Liquidity: https://www.gate.io/en/liquidity_add/ALGO_USDT
Add RACA Liquidity: https://www.gate.io/en/liquidity_add/RACA_USDT
Add NFT Liquidity: https://www.gate.io/en/liquidity_add/NFT_USDT




Gate.io has officially opened the " LM N Lending & Single-Asset Vault" Telegram chat group.
-Discuss with other users and grasp the latest information on liquidity mining and lending & single-asset vault. Click to join the LM N Lending & Single-Asset Vault Group.


To further enhance the user experience, Gate.io has officially launched the centralized Automated Market Maker (AMM) service on August 1, 2021. This allows most of the new and non-mainstream coin markets to gain similar liquidity as Uniswap. It allows users to enjoy a low-cost and high-quality user experience on a centralized platform. Gate.io will continue to add supported currencies, please pay close attention to further announcements.

Click to view the new liquidity pool: Gate.io will upgrade some markets to automated market maker (AMM) (new 50% platform trading fee bonus)




Extended Reading:
What is the Automated Market Maker (AMM) mechanism?
Through the automated market maker mechanism, the liquidity provider (LP) can earn trading fee revenue by providing liquidity to the market. The order takers offer fees to the LP in exchange for lower slippage. Through this mechanism, the market needs of both parties are well matched, allowing LPs and takers to get what they want.

What is an impermanent loss?
It refers to the loss of capital due to spreads that occur when the price of a digital asset changes after an investor has deposited in the automated market maker liquidity pool. Irrespective of how the price of the digital asset changes, inpermanent loss will occur and the larger the spreads, the larger the loss.

What is liquidity mining?
Liquidity mining is a method of acquiring more cryptocurrencies by pledging cryptocurrency. It is a new trend in decentralized finance (DeFi) that allows cryptocurrency investors to fully utilize their crypto assets and receive higher returns. Anyone can participate in the eco. Simply put, this means locking in cryptocurrencies to receive rewards.

What are the benefits of providing liquidity?
Users can earn market making dividends by adding liquidity to the market. By adding liquidity, funds are injected into the pool, and the fee revenue earned from automatic market making in the pool is distributed to the liquidity provider in proportion to their share of the pool. Liquidity can be accessed in real time without any commission charges.

Science: From Market Maker to Liquidity Mining, How Important is Liquidity?
Why is Gate.io Liquidity Mining Great for Low Volatility?
Science: What You Need to Know About Investments in Liquidity Mining Products

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Gate.io Team
December 15