Loopring L2 Liquidity Mining: Round 7
Loopring announced L2 Liquidity Mining from Apr 29: Round 7.
- They take random snapshots of the relevant AMM pools several times per day to calculate the size of reward each LP earns based on the average of all snapshot balances in the round.
- FLX rewards will distributed by FLX project and other rewards will be directly distributed to LP’s layer-2 accounts on the day after the campaigns end (Day 14).
- Providing liquidity is how you mine. You automatically start mining without any other user action.
- Mining does not involve locking up your funds, but the LP tokens must stay in your Loopring L2 account. If you withdraw LP tokens to the Ethereum mainnet, you cannot get mining rewards, because it will not be recorded in the snapshots. You can transfer part or all of your LP tokens to other accounts on L2, but the mining rewards will also follow.
If you (as a token project or just a large token holder) want to incentivize liquidity of a token on Loopring L2 in a future round, please fill out this form.
What is Loopring?
Loopring is an Ethereum zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our Layer-2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring Exchange — an L2 orderbook and AMM DEX.
📰 INFO:
https://medium.com/loopring-protocol/loopring-l2-liquidity-mining-round-7-36a954d2d78
