Incentivized staking and liquidity provision were both very successful initiatives for AdEx Network in 2020. We encouraged our community to use ADX, provide stability to our ad network by security mining and participate in governance.
More than 4,375,000 ADX tokens were awarded to liquidity providers and stakers got more than 6,000,000 ADX on both staking pools.
We are delighted to announce that both the liquidity provision and staking initiatives will be extended.
The incentivized liquidity provision program is ending on December 20th, but we decided to extend it by 8 days — until December 28th. It is imporant to note that farming rate will be reduced by 50% for the extended period though.
The incentivized pools are:
Not at all. To participate, you need to deposit funds into one of the pools, and you’ll receive a special LP token representing your share in that pool. You can then stake this LP token on the Farm page of our staking portal to start incurring ADX rewards. This page also contains links to the respective Uniswap/Balancer pools.
Rewards will be proportional to the amount of liquidity you’re providing, and updated each block. We recorded step-by-step tutorials to make it even easier for everyone to start farming — watch the videos here.