How does liquidity mining pool work in the cryptocurrency industry?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we have our own liquidity mining pool where users can provide liquidity to our decentralized exchange and earn rewards in our native token. The process is simple: users deposit their tokens into the pool, and in return, they receive BYDFi tokens as rewards. The rewards are distributed based on the proportion of liquidity provided by each user. Our liquidity mining pool is designed to incentivize users to contribute liquidity and support the growth of our platform. We believe that by providing attractive rewards and a seamless user experience, we can attract more liquidity providers and traders to our platform.
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