Our addition to the liquidity mining program will focus on the ETH-OPIUM pool.
We are glad to announce an additional liquidity mining program, which will start on January 30, midnight (00:01 UTC), focusing on the newly launched ETH-OPIUM pool.
Under this liquidity mining program, 0.04% (600k) of the 1INCH token total supply will be distributed among providers of liquidity to the ETH-OPIUM pool over a four-week period.
In addition, the Opium protocol, the issuer of the OPIUM token, one of the hottest tokens in the DeFi space right now, will reward all participants of this program with additional OPIUM tokens at the end of the program via DR.OPIUM on opium.finance.
Opium is a universal and robust DeFi protocol that enables creating, settling, and trading decentralized derivatives. Opium products can be used to speculate on opportunities inside and outside of DeFi or hedge against trading risks. Opium’s most recent breakthrough product is collateralized debt obligations (CDOs) for Compound Finance’s automated lending markets.
By launching the liquidity program around the ETH-OPIUM pool, we want to show users that 1inch Liquidity Protocol is equally super-efficient for bootstrapping newly issued tokens as it is for established coins.
The OPIUM token has the potential to become one of the “blue chips” of the DeFi space, and we are eager to attract liquidity in tokens of that kind to our protocol.
We plan more exciting liquidity mining programs for you! So, stay tuned!