EURxb.Finance to distribute 1,000 XBE liquidity rewards on Uniswap and Sushiswap

EURxb.Finance to distribute 1,000 XBE liquidity rewards on Uniswap and Sushiswap

EURxb.finance, a new generation DeFi solution, will kick off its first XBE liquidity incentive program around the end of March. The protocol aims to solidify its plans for a decentralized governance system by distributing 1,000 XBE among liquidity providers of XBE-USDT pools on Sushiswap and Uniswap. EURxb.finance will split the reward evenly such that 500 XBE is distributed to XBE/USDT pool on Uniswap and the other half will be shared among XBE liquidity providers on Sushiswap.

Throughout the 10-day program, liquidity providers will receive a total of 100 XBE per day – 50 XBE for each XBE-USDT liquidity pool. To receive rewards, Liquidity providers (LPs) must lock their funds on either Sushiswap or Uniswap’s XBE-USDT liquidity pools, and stake their LP tokens till the end of the event. Interestingly, participants are free to withdraw their rewards at any point during the program.

XBE has a maximum supply of 15,000 tokens, of which 12,000 tokens have already been distributed to the community. Knowing fully well that XBE holders would play a major role in the governance of the EURxb.finance protocol, the team has ensured that the issuance and distribution of XBE promotes a fully decentralized economy.

Continue reading on BTC Peers

To read the full article, Click Here

Related posts