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The first liquidity mining program with BNB on Fuse is live, rewarding Liquidity Providers on the BNB/fUSD pair on FuseSwap with 150,000 FUSE tokens over a 12-week period.
- Program Starting: Sunday, May 23rd.
- Duration: 12 weeks.
- Liquidity Pool: BNB/fUSD
- Total Rewards: 150,000 FUSE.
- DEX: FuseSwap.
- Platform: Fuse Network.
The team at Fuse today introduces a new liquidity mining program to reward BNB / fUSD Liquidity Providers (LPs) on FuseSwap DEX. A total of 150,000 FUSE will be allocated in rewards for network participants.
We consider the interoperability with the Binance Smart Chain (BSC) decentralized finance (DeFi) ecosystem to be hugely beneficial to the long-term success of Fuse, hence we recently released the two-way bridge between Fuse and BSC and added BSC’s native token BNB to the list of tokens that can be bridged using it (see BNB’s smart contract on Fuse here). Among other use cases, BNB can now be traded on FuseSwap against other popular cryptocurrencies, as well as Fuse assets like FUSE and FuseDollar (fUSD).
In order to help jumpstart BNB trading on FuseSwap, we launched the first liquidity rewards program involving BNB on Fuse on the BNB/fUSD pool. In addition to the 0.3% trading fee commissions earned via FuseSwap, LPs will also earn their share of the 150,000 FUSE tokens allocated to the pool, distributed proportionally based on how much is contributed to the pool.
A quick guide on how to participate in the BNB/fUSD Liquidity Rewards Program on FuseSwap:
Step 1: Transfer your BNB tokens from BSC to Fuse Network via the bridge on FuseSwap (if needed).
Step 2: Provide liquidity on the BNB/fUSD pool on FuseSwap.
Step 3: Head to rewards.fuse.io and locate the BNB/fUSD LP program under “Fusewap Rewards”. Deposit LP tokens.
Step 4: You will receive your rewards at the end of the program when you withdraw your LP tokens and “claim”.
Additional information:
APY is constantly changing as more people participate and new liquidity is added.
Users can consult this tutorial and the video below to learn how to bridge assets from BSC to Fuse. Another tutorial is available on how to add liquidity on FuseSwap.
More information on bridging assets can also be found in our documentation.
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