With the launch of QUAD on SushiSwap, we’re excited to introduce the QUAD Liquidity Rewards Program. Providing liquidity on a decentralized exchange (DEX) has become an essential part of the DeFi experience, enabling better liquidity, faster transactions, and a higher level of convenience for digital asset traders.
If you’re already familiar with liquidity providing, you can skip the next part and go directly to the details of Quadency's Liquidity Provider (LP) Incentive Program.
Having enough liquidity means an exchange has enough liquid assets to quickly perform all the trades initiated by traders.
Even though decentralized and centralized exchanges both experience an ongoing challenge to provide ample liquidity, they have different ways of going about it:
Traders who want to trade on a DEX need liquidity to be able to swap their tokens with others. By providing liquidity, LPs usually earn a share of the trading generated by the pool.
On Sushi, LPs earns 0.25% share of the transaction fees according to their share of the liquidity pool. At Quadency we believe Liquidity is key to provide the best trading experience for QUAD, as such we’re launching the Liquidity Provider Incentive Program.
With the launch of the QUAD Token on the Quadency DEX, you can now provide liquidity to QUAD/ETH and QUAD/USDC.
On top of the 0.25% trading fee sharing (via SushiSwap), Liquidity Providers will share 228,571 QUAD tokens each week based on their share of the total liquidity pool. The formula to calculate QUAD rewards is:
Liquidity Rewards= User's Share of the Pool/Total Pool Value*Weekly Reward
Rewards will be deposited on a weekly basis in the address providing liquidity on the QUAD/ETH and QUAD/USDC pools. You can learn more about the program's schedule here.
Here’s how it works:
If this is your first time interacting with SushiSwap's smart contracts for the tokens in question, you will be prompted to Approve that the smart contracts are allowed to handle them for you.
After you’ve added liquidity, you’ll receive Sushi Liquidity Provider tokens (SLPs) in return. These represent your share in the liquidity pool and the amount of earned fees that are received when you withdraw from providing liquidity.
Once you’ve completed all these steps, you’ve officially become a Liquidity Provider, earning a share of the transaction fees, taking part in the liquidity management for QUAD tokens, and earning more QUAD rewards.
Be sure to join us on Telegram and Twitter!
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Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
If you’re already familiar with liquidity providing, you can skip the next part and go directly to the details of Quadency's Liquidity Provider (LP) Incentive Program.
Having enough liquidity means an exchange has enough liquid assets to quickly perform all the trades initiated by traders.
Even though decentralized and centralized exchanges both experience an ongoing challenge to provide ample liquidity, they have different ways of going about it:
Traders who want to trade on a DEX need liquidity to be able to swap their tokens with others. By providing liquidity, LPs usually earn a share of the trading generated by the pool.
On Sushi, LPs earns 0.25% share of the transaction fees according to their share of the liquidity pool. At Quadency we believe Liquidity is key to provide the best trading experience for QUAD, as such we’re launching the Liquidity Provider Incentive Program.
With the launch of the QUAD Token on the Quadency DEX, you can now provide liquidity to QUAD/ETH and QUAD/USDC.
On top of the 0.25% trading fee sharing (via SushiSwap), Liquidity Providers will share 228,571 QUAD tokens each week based on their share of the total liquidity pool. The formula to calculate QUAD rewards is:
Liquidity Rewards= User's Share of the Pool/Total Pool Value*Weekly Reward
Rewards will be deposited on a weekly basis in the address providing liquidity on the QUAD/ETH and QUAD/USDC pools. You can learn more about the program's schedule here.
Here’s how it works:
If this is your first time interacting with SushiSwap's smart contracts for the tokens in question, you will be prompted to Approve that the smart contracts are allowed to handle them for you.
After you’ve added liquidity, you’ll receive Sushi Liquidity Provider tokens (SLPs) in return. These represent your share in the liquidity pool and the amount of earned fees that are received when you withdraw from providing liquidity.
Once you’ve completed all these steps, you’ve officially become a Liquidity Provider, earning a share of the transaction fees, taking part in the liquidity management for QUAD tokens, and earning more QUAD rewards.
Be sure to join us on Telegram and Twitter!
—
Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
Be sure to join us on Telegram, Discord and Twitter!
—
Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.
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