3-month extension for Avalanche Liquidity Mining Campaign!

Since we launched liquidity mining for Avalanche, we have seen 703 distinct individual miners, 23% of our total miner community, participate in the campaign. Our miners accounted for as much as 44% of the AVAX/BNB daily trading volume and 32% of the AVAX/TRY trading volume on Binance.

As a big supporter of the community-driven liquidity mining, Avalanche has decided to extend its liquidity mining campaign for another 12 weeks! The eligible trading pairs and reward amounts are shown as below:

• AVAX/TRY: 14.1/week

• AVAX/BNB: 14.1/week

• AVAX/BTC: 28.2/week

• AVAX/USDT: 28.2/week

We hope you will keep participating in the campaign and we encourage new users to join and earn rewards!

Summary stats of the Avalanche liquidity mining campaign

Below are some of the key metrics as of August 18th, 2021:

• 703 distinct users participated and earned rewards

• Liquidity miners accounted for approximately US$200mm of filled order volume

• Open order book volume created by miners peaked at US$96K for the AVAX/USDT pair, US$92K for the AVAX/BTC pair, US$21K for the AVAX/BNB pair, and US$15K for the AVAX/TRY pair

Detailed statistics as of August 18th, 2021 are presented below:

We have witnessed consistent growth in the number of miners participating in the Avalanche campaign, with a total of 703 unique users participating to date.

Hummingbot miners are currently accounting for around $80k of consistent, average order book volume at spreads of less than 2% or tighter. This campaign has successfully garnered the interest of a diversified group of liquidity miners, which greatly increases the order book depth and price discovery of this token.

The weighted average miners spreads have consistently and generally been tighter than 1.5%. The lower lines are bid spreads, higher lines are ask spreads.

While the campaign does not reward for filled order volumes, the order book depth created by Hummingbot miners has generated ~$200 million of total traded volume since the start of the campaign.

 

About Avalanche

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. It is the first smart contracts platform that confirms transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers.

Led by Professor Emin Gün Sirer, creator of the first coin minted through proof-of-work in 2003, and supported by pioneering researchers from Cornell University, Avalanche is built on the third major breakthrough in distributed systems, and first since the Bitcoin whitepaper in 2008.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the network through staking, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform.

Since launching mainnet on September 21, Avalanche has over 630 full, block-producing validators participating in-network consensus, and an additional 2,500 delegators participating in staking. Collectively, they account for over $1B in AVAX staked to secure the network.

Avalanche is backed by leading investors, including Andreessen Horowitz, Initialized Capital, Galaxy Digital, Polychain Capital, Bitmain, Naval Ravikant, and Balaji Srinivasan (former CTO of Coinbase), and raised $42M in just 4.5 hrs in a public sale this July.

*For full terms of the campaign, please see liquidity mining campaign terms.
To learn more about liquidity mining, see below:

• Hummingbot Miner’s app

• Hummingbot liquidity mining rewards and terms

• Hummingbot Academy

• Hummingbot Help Center

• 24/7 support

Important notes and disclaimers
Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.
The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.

No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.
1. Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
2. Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.