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The first liquidity mining program on Binance Smart Chain will go live today, May 4th, on Pancake Swap, rewarding Liquidity Providers on the pair with 55,000 FUSE tokens over a 5-week period.
- Program Starting: Tuesday, May 4th at 1 pm UTC.
- Duration: 5 weeks.
- Liquidity Pool: FUSE/BNB
- Total Rewards: 55,000 FUSE.
- DEX: Pancake Swap.
- Platform: Binance Smart Chain.
The team at Fuse today introduces a new liquidity mining program to reward FUSE / BNB Liquidity Providers (LPs) on Pancake Swap DEX. A total of 55,000 FUSE will be allocated in rewards for network participants.
Pancake Swap is the leading AMM-based decentralized exchange on Binance Smart Chain (BSC), and this liquidity program marks the first time Fuse has created incentives for liquidity providers on BSC.
By incentivizing users to provide liquidity on the FUSE/BNB pool, we are making an important step towards establishing FUSE’s profile within the vibrant Binance Smart Chain DeFi ecosystem. It will also help address the issue of high fees that DEX traders wishing to transact with FUSE often face on Ethereum.
In addition to the 0.17% trading fee commissions earned via Pancake Swap, LPs will also earn their share of the 55,000 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 FUSE/BNB Liquidity Rewards Program on Pancake Swap:
Step 1: Transfer your FUSE tokens from Fuse Network to BSC via the bridge on FuseSwap (if needed).
Step 2: Provide liquidity on the FUSE/BNB pool on Pancake Swap.
Step 3: Head to rewards.fuse.io and locate the FUSE/fUSD LP program under “Fusewap Rewards”. Deposit LP tokens starting today, 29th April at 3 pm UTC.
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 to learn how to bridge assets from Fuse to Binance Smart Chain.
Other tutorials are available here covering:
- The addition of liquidity on Pancake Swap (see here).
- The depositing of LP tokens to receive rewards in FUSE token (see here).
More information on bridging assets can also be found in our documentation.
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