A new incentive program within The Open
From now until April 1, 2024, the TON Foundation embarks on a mission to reward the token liquidity providers within select projects on DeDust and STON.fi. With the aim of fostering liquidity and bolstering the ecosystem, this initiative promises to inject vitality into The Open League's thriving community.
The centerpiece of this program is the distribution of 1 million Toncoin, a move that underscores The Open League's commitment to incentivizing participation and engagement. This allocation of Toncoin seeks to empower liquidity providers, recognizing their pivotal role in ensuring the smooth functioning of decentralized finance (DeFi) platforms.
GOAL OF PROJECT:
- enhance market efficiency and facilitate seamless transactions;
- showcase the Open League's dedication to innovation and community empowerment;
- reward token liquidity providers;
- cultivate a robust and dynamic ecosystem that fosters collaboration, innovation, and prosperity for all stakeholders.
As the deadline of April 1st approaches, liquidity providers are encouraged to seize this opportunity and become active contributors to The Open League's flourishing ecosystem. Together, we can propel The Open League to new heights of success and redefine the future of decentralized finance.
List of Projects Participating in the Rewards Program:
- $STON - STON.fi
- $SCALE - DeDust
- $JNANO - Tonano
- $PUNK - TON Punks
- $FNZ - Fanzee
- $MC - Tap Fantasy
- $UP - TonUP
- $RAFF - Ton Raffles
- $ARBUZ - Arbuz
- $GRAM - Gram
- $JETTON - JetTon
FINANCIAL BENEFITS:
- Liquidity pools of projects with the highest Total Value Locked (TVL) and activity indicators will receive boosts in Toncoin, which will later be distributed among liquidity providers as rewards.
- Participating in this program is not only an opportunity to earn Toncoin but also to contribute to the growth and sustainability of The Open League ecosystem.
HOW TO PARTICIPATE:
- Conduct your own research: Assess the risks of providing liquidity and avoid losses.
- Become a liquidity provider: Hold a pair of tokens of the pool you wish to provide liquidity to, in equal proportions.
- Monitor your position: Rewards may vary, so keep track of position returns and be mindful of volatile losses during periods of high asset volatility.
- Receive rewards: Rewards are distributed automatically and in proportion to your investments - the larger your share of tokens in the pool, the higher your reward will be.
For more information and submission guidelines visit https://blog.ton.org/the-open-league-incentives-start-today-up-to-1-m-toncoin-to-be-distributed-to-the-community-by-april-1