Lido & 1inch Launch Double Rewards on stETH/DAI Pair

Lido announced its collaboration with 1inch to provide users with double LP rewards on the stETH/DAI pool.

This is the expansion of the Lido stETH liquidity incentive program designed to streamline the liquidity of our staked ETH token.

For the first month, a double reward program of 200,000 LDO and 200,000 1INCH tokens will be allocated to LPs on the stETH/DAI pool. The 1inch stETH-DAI program kicks off on September 24th at 11.00 AM CET and will run for a period of 4 weeks.

Provide liquidity in the stETH-DAI pool to earn 1INCH & LDO tokens + pool trading fees.

Benefit from Eth2 staking rewards through exposure to stETH.

  • 200,000 LDO and 200,000 1INCH tokens have been allocated for the first 30 day period.
  • Receive rewards in real-time, claimable at any time.
  • Unstake your pooled tokens at the click of a button.

Users interested in contributing to the 1inch stETH liquidity reward program can purchase stETH and DAI using the 1inch aggregator markets.

 

About 1inch

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.

 

About Lido

Lido DAO is a community that builds liquid staking service for Ethereum. Lido allows users to earn staking rewards without locking assets or maintaining staking infrastructure, using a selection of carefully vetted validators.

 

FULL BLOG:

https://blog.lido.fi/lido-1inch-launching-double-rewards-on-1inch-lp-steth-dai-pair/

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