Cosmos Ecological Public Chain Canto’s Continuation of Liquidity Mining Incentives
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 is a decentralized network consisting of many independent blockchains that communicate with each other. One of these chains is Canto, which recently passed a proposal for continuing the liquidity mining incentives it offered earlier. The proposal suggests that the current parameters of liquidity mining incentives will remain in place to keep the current capital efficiency of the network and the stakeholders’ consistency.
Liquidity mining is the process of providing liquidity to a trading pair in a decentralized exchange in return for rewards in the form of tokens from the respective protocol. This mechanism enables token holders to earn more tokens without having to invest in additional capital while ensuring the smooth flow of transactions in the network.
The Canto chain is no different, and the new proposal states that each block will generate 37.6 CANTOs in the next 30 days. Liquidity Providers (LPs) will receive a total of 16.5 million CANTOs in rewards in this period.
The main objective of this continuation is to ensure the stability and efficiency of the network. Stable reward incentives attract more liquidity providers, thereby increasing the overall liquidity on the exchange, which in turn reduces the slippage rate and transaction fees. This creates a cycle of increased trading activity and increased liquidity, making it a win-win situation for both the participants and the network.
Moreover, giving rewards in the form of tokens to LPs ensures that they stay invested in the network, which helps keep the risks of impermanent loss low, ensuring the consistency of the stakeholders.
In conclusion, the Cosmos ecological public chain’s proposal to continue liquidity mining incentives is a smart move that ensures the long-term stability and efficiency of the network. By maintaining a consistent reward scheme and incentivizing LPs, they are creating a cycle of increased liquidity and activity, ultimately resulting in a more thriving ecosystem.
Keywords such as Cosmos, Canto, liquidity mining, capital efficiency, and stakeholder consistency are crucial in interpreting the proposal’s message. It highlights the importance of keeping the network stable while also keeping stakeholders invested in it, ultimately leading to greater success for all parties involved.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/6425/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Inflation and Consumer Spending on the Rise: Implications for Interest Rates.
It is reported that the inflation index favored by the Federal Reserve grew faster than expected in January, and the growth of consumer spending was the larges…
-
Bitcoin Network Block Height of 783426 Produces Two Blocks on April 1st: Suspected Invalid Block Generated by F2pool
On April 1st, according to the node monitoring tool ForkMonitor, the Bitcoin network block height of 783426 produced two blocks. BitMex Research stated that it is suspected that F2
-
OpenAI: What Happened on April 24th and What Does It Mean for AI?
On April 24th, according to data from the interruption tracking website Downdetector, over a thousand users reported usage issues with Open AI on the evening of April 23rd Eastern
-
CryptoPunks NFT Trading Volume Hits $207 Million in 30 Days
According to reports, according to Dune Analytics data, the CryptoPunks series NFT trading volume has reached $207 million in the past 30 days.
Data: Over the past 30 days, the Cry -
Metropolitan Commercial Bank: The End of a Cryptocurrency Era
According to reports, according to a filing submitted to the Securities and Exchange Commission (SEC) on April 18th, Metropolitan Commercial Bank is nearing a complete exit from th
-
KRAFTON and Naver Z to Form Joint Venture in North America
According to reports, game developer KRAFTON and South Korean internet giant Naver\’s metaverse unit Naver Z will form a new joint venture in North America. The two companies will i
-
Understanding the Current Bitcoin Market Situation and its Volatility
According to reports, the market shows that BTC has exceeded $28000 and is currently trading at $28003.4, with a daily increase of 0.4%. The market is highly volatile, so please do
-
Bankruptcy Judge Casts Doubt on SEC’s Attempt to Block Binance US’ Asset Acquisition for Voyager Digital
According to reports, Michael Wiles, a judge of the bankruptcy court of Voyager Digital, said in a court hearing on Thursday that he was seriously suspicious o…
-
What price is USDT for buying
USDT at what price to buy. According to USDT’s official information, at what price to buy USDT? When purchasing Bitcoin, a certain fee needs to be paid. Generally speaking, the higher the cost for investors, the greater the return; The lower the price during trading, the greater the risk. So what price point is USDT buying at? Let’s answer this question together. 1. What price is USDT for buying What price is USDT for buying. If someone wants to buy coins through an exchange to obtain legal tender, they need to pay to an account (or transfer funds to a certain address), and the system will automatically provide corresponding services. So using this platform allows users to directly sell fiat coins to others to buy. 2. How to buy 3: What is “hanging an order”?
-
Understanding the Recent Losses in American Banks’ Mortgage Lending Businesses
On April 13th, a new research report from the Mortgage Bankers Association (MBA) showed that mortgage lending businesses of American banks are experiencing their first ever losses.
-
Market shows ETH falls below $2000 with daily decline of 4.9%
According to reports, the market shows that ETH has fallen below $2000 and is currently trading at $1999.83, with a daily decline of 4.9%. The market is highly volatile, so please
-
Vitalik Buterin Sends Ethereum to Kraken Wallet
According to reports, PeckShield monitoring showed that Vitalik Buterin, the co-founder of Ethereum, transferred 200 Ethereum to Kraken through the address of vitalik.eth in the past hour. God V transferred 200 Ethereum to Kraken Analysis based on this information:PeckShield, a company specializing in blockchain security, has reported that Vitalik Buterin, the co-founder of Ethereum, transferred 200 units of the cryptocurrency to a Kraken wallet using his vitalik.eth address. This transfer occurred in the past hour, according to the PeckShield monitoring system. This message signifies another instance where a significant figure in the blockchain world has transferred cryptocurrency. Vitalik Buterin, who is known for his contributions to the Ethereum blockchain, has sent Ethereum to Kraken, a popular cryptocurrency exchange. The transfer of Ethereum signifies the impact that the Ethereum blockchain has had in the world of decentralized finance and cryptocurrencies. The use of vitalik.eth address indicates how prominent individuals can make the most of blockchain’s decentralized nature. The use of blockchain…
-
Acquiring First Republic Bank: Major Banks Competing to Take Over
On April 29th, according to sources, major banks including JPMorgan Chase and PNC Financial Services Group are competing to acquire First Republic Bank, and the transaction will ta
-
The Impact of the Federal Reserve’s Interest Rate Hike Path on the Financial Market and Credit Demands
According to reports, Fed Brad stated that the Fed must continue its current interest rate hike path; Merely tightening the financial market environment will not trigger an economi
-
The Inclusion of Bitcoin White Paper PDF in MacOS
According to reports, an overseas blogger revealed that the Bitcoin white paper PDF has been included in every version of MacOS from Mojave (10.14.0) to Ventura (13.3), but not in
-
Decrease in Ethereum Layer 2 Lock-up
It is reported that according to L2BEAT data, the current total lock-up of Ethereum Layer 2 fell to $6.17 billion, down 0.31% on the 7th. Among them, the top five locked positions were: Arbitrum One ($3.42 billion, up 1.61% on the 7th); Optimism (US $1.87 billion, up 0.16% on the 7th); DYdX (USD 302 million, down 16.21% on the 7th); Metis Andromeda (US $124 million, down 3.58% on the 7th); Immutable X (US $117 million, down 7.57% on the 7th). The total lock-up of Ethereum Layer2 fell to $6.17 billion, down 0.31% on the 7th Analysis based on this information:The message reports that Ethereum Layer 2 lock-up has seen a decrease according to L2BEAT data. The total lock-up value is now at $6.17 billion, a decrease of 0.31% on the 7th. The report highlights the top five locked positions, which are: Arbitrum One, Optimism, DYdX, Metis Andromeda, and Immutable X. Layer 2 scaling solutions are popular alternatives to the main…