Arbitrum

DeFi

Synthetix

Ethena

Rewards

<p><a href="https://staking.synthetix.io/" target="_blank" rel="noopener">Synthetix</a>, a trailblazer in decentralized finance, has unveiled a significant expansion of its operations on the Arbitrum network, marking a major milestone in its ongoing evolution. This strategic move is part of the broader Arbitrum Liquidity Incentive Program (LTIP), designed to bolster liquidity and trading activities on the platform.&nbsp;</p> 
<p>Scheduled to run for 12 weeks, until September 3rd, the initiative is backed by an impressive allocation of 2 million ARB tokens. The initiative, an ambitious one at that, seeks to supercharge liquidity provision &amp; stablecoin adoption and hence also intends to optimize the Perpetual Contracts (Perps) trading environment in the Arbitrum landscape.</p> 
<p>Synthetix, known for its decentralized derivatives infrastructure, a landmark in DeFi space, is still leading the charge of innovation. The platform provides support for more than 80 derivative markets by leveraging its proprietary Synthetix Perps system.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">We're thrilled to announce the details of our Arbitrum LTIP distribution plan, approved by <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@arbitrum</a> governance.<br><br>🗓️ 12-week program<br>💰 2M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ARB</a> in rewards<br>🌊 Incentives for LPs (USDC, ARB, ETH &amp; USDe), stablecoin liquidity &amp; trading<br><br>Next tweet for the blog post 👇<br><br>1/2 <a href="https://t.co/AUicFBJZZN" target="_blank">pic.twitter.com/AUicFBJZZN</a></p>— Synthetix ⚔️ (@synthetix_io) <a href="https://twitter.com/synthetix_io/status/1805619702338928915?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>What is super impressive is that it has already processed well over $50 billion in volumes traded. Even more significantly, it has played a role in the development of a delta-neutral LP experience that has been highly beneficial to capital providers, distributing over $25 million trading fees to the participants.</p> 
<h2 class="wp-block-heading" id="harnessing-arb-rewards-to-fuel-ecosystem-growth">Harnessing ARB Rewards to Fuel Ecosystem Growth</h2> 
<p>To ensure maximum engagement and growth within the Arbitrum ecosystem, the 2 million ARB reward will be distributed in a well thought-out manner. Of these, 1,000,000 ARB are designated to fund liquidity provider incentives for healthy trading activity.</p> 
<p>There are also an additional 900,000 ARB tokens assigned to trading fee rebates (capped at 75% of fees paid on the platform), giving active traders significant discounts. The other 100,000 ARB are to support the stablecoin liquidity; this further emphasizes how necessary stable assets are if the DeFi ecosystem is ever going to function in a sustainable financial model.</p> 
<p>Between these options, even those considering joining this hefty program can get involved in a few equally beneficial activities. On the Synthetix Liquidity platform, liquidity providers can contribute to pools by depositing eligible assets (e.g., USDC, <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/">ETH</a>, ARB and soon-to-be-launched Ethena USDe). Additionally, there’s an opportunity to supply liquidity to the USDx/USDC pools on Ramses, a prominent decentralized exchange on Arbitrum.&nbsp;</p> 
<p>These pools will be created soon, as Ramses will announce the details soon. The rollout of new Perps trading represents an attractive opportunity for anyone active in the perpetual derivatives trading space to engage as a launch partner program and earn fee rebate rewards via supported integrators supporting participation and volume growth.</p>

Get Ready for a DeFi Summer: Synthetix’s 2 Million ARB Giveaway Heats Up on Arbitrum

Innholdsfortegnelse

BlockchainReporter

Andre artikler publisert på 26. juni 2024

Crypto Firm Abra To Return $82 Million To Users In US Settlement

Cryptocurrency Kaspa Up More Than 4% In 24 hours

US gov’t sends 3,940 Bitcoin to Coinbase exchange

Animoca Brands Listing in Hong Kong Before 2025 Is Being Promoted

Folks Finance Introduces xALGO for Enhanced Liquid Staking on Algorand

Notcoin Prepares for Significant Surge

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!