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The first liquidity mining program with DEXTools’ DEXT token will go live today, June 23rd, at 3 pm UTC, rewarding Liquidity Providers on the DEXT/FUSE pair on FuseSwap with 250,000 FUSE tokens over a two-week period.
- Program Starting: Wednesday, June 23rd at 3 pm UTC.
- Duration: two weeks.
- Liquidity Pool: DEXT/FUSE
- Total Rewards: 250,000 FUSE.
- DEX: FuseSwap.
- Platform: Fuse Network
The team at Fuse today introduces a new liquidity mining program to reward DEXT / FUSE Liquidity Providers (LPs) on FuseSwap DEX. A total of 250,000 FUSE will be allocated in rewards for network participants.
DEXT is the utility token of the DEXTools platform. DEXTools offers traders on decentralized exchanges a variety of services aimed at improving their trading experience and boosting results. Accessible through the DEXTools app, those include, among others, a pool and pair explorer, a multiswap feature and the creation of unique trading strategies using bots. The DEXT token is used primarily as the means of payment for subscriptions to the platform’s services.
The DEXTools liquidity rewards program is the starting point of a wider collaboration between Fuse and DEXTools that will involve DEXTools becoming a validator on the Fuse Network blockchain and the extension of DEXTools support to Fuse’s first native DEX FuseSwap and future DEXes on Fuse. The objective of the program is to strengthen the ties between our projects’ communities and facilitate the future integration of DEXes on Fuse into DEXTools through facilitating vibrant DEXT trading on FuseSwap.
The liquidity rewards program will run the DEXT/FUSE pool on FuseSwap. In addition to the 0.3% trading fee commissions earned via FuseSwap, LPs will also earn their share of the 250,000 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 DEXT/FUSE Liquidity Rewards Program on FuseSwap:
Step 1: Transfer your DEXT tokens from Ethereum or Binance Smart Chain to Fuse Network via the multichain bridge on FuseSwap (if needed).
Step 2: Provide liquidity on the DEXT/FUSE pool on FuseSwap.
Step 3: Head to rewards.fuse.io and locate the DEXT/FUSE 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 these tutorials to learn how to bridge assets from Ethereum and 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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