Liquidity Mining (LM)
- Deposit of Pool Tokens to the contract to earn Daily Liquidity Reward
- The Daily Liquidity Reward for each liquidity pair is composed of 20 CYC tokens for now, which is subject to change according to the decentralized governance
- All CYC tokens in the daily liquidity pool are proportionally distributed to whoever stakes Pool Tokens
- Liquidity miners can claim their CYC reward anytime, stake or unstake their pool tokens anytime.
- For liquidity mining on IoTeX, there is NO FEE;
- For liquidity mining on BSC, 0.5% of the LP tokens deposited is charged that is used to buy back CYC and burn.
Last modified 2yr ago