WeFi

WeFi has launched its WEFI/ETH Pool on SyncSwap on the zkSync era chain after receiving around 10,000 whitelist entries to use its alpha mainnet which is scheduled to launch soon.No of Winners : 1000 &#x1f3c6;Duration : 14 july 2023–14th August 2023. ⏰Winner announcement : 18th August 2023 &#x1f5d2;<h3 id="strong-wefi-liquidity-mining-rewards-program-strong">WeFi Liquidity Mining Rewards Program</h3>In addition to the trading fees earned via SyncSwap, LPs will also earn their share of the 20,000 WEFI tokens.First 1000 Liquidity providers will receive rewards according to their contribution.<h3 id="earn-passive-income">Earn passive income</h3>SyncSwap is a decentralized exchange built on top of the zkSync network. The exchange works by creating liquidity pools which balance themselves through a series of smart contracts. The contract always tries to balance the amount of these coins so that they have the same value. Incentives are provided to those willing to balance the pairs again in case of a mismatch.People who add coins to the pools are called liquidity providers (LP). They add or deposit funds to liquidity pools, which are smart contracts that hold funds. In return for providing funds and liquidity to the pool, these LPs receive LP tokens for the corresponding pool they provide liquidity for. In our case users obtain WEFI/ETH LP tokens by providing liquidity for the WEFI/ETH liquidity pool on SyncSwap. They get a small percentage of the transaction fees on the trading pair as well as the extra rewards we provide.How do I provide liquidity and earn rewards?<ol><li>Whitelist your zksync address <a href="https://forms.gle/ceq7WKajnZN2UAg67" rel="noopener noreferrer nofollow">here</a></li><li>Visit syncswap</li><li>Go to their pool section</li><li>Search WEFI/ETH pool</li><li>Go to the deposit section.</li><li>Deposit the amount of ETH or WEFI.</li></ol>Thats it.Now your LP position will start earning fees on every swap and reward.<a href="https://scribehow.com/shared/How_to_Provide_Liquidity_in_WEFIETH_Pool_on_SyncSwp__L12UL8SZQOyCwEjGTJ-3hA" rel="noopener noreferrer nofollow">Also, check step-by-step guide to deposit the Liquidity in the Pool on SyncSwap.</a>Don&#39;t forget to follow us on social media.&#x1f539;Join our <a href="https://t.me/wefi_xyz_official" rel="noopener noreferrer nofollow">Telegram Announcement Channel</a>&#x1f539;Join our <a href="https://t.me/wefi_xyz" rel="noopener noreferrer nofollow">Telegram Community Chat</a>&#x1f539;Join our <a href="https://discord.com/invite/B6U6kectbV" rel="noopener noreferrer nofollow">Discord</a>&#x1f539;Follow our official <a href="https://twitter.com/wefi_xyz" rel="noopener noreferrer nofollow">Twitter</a>

Wefi launches LP Reward Programme on zkSync through SyncSwap for 1000 Winners (Reward Pool - 20000 $WEFI Tokens)

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