Liquidity mining has been a very popular term in the
DeFi sector for some time.
By providing liquidity on a decentralized exchange, one can stabilize a trading pair and reduce price changes during a swap in the form of slippage.
Normally, users only get the fees from the swaps as a reward for providing liquidity.
PeakDefi have decided to go one step further: they give extra bonuses!
Whoever provides liquidity for the trading pairs within the next 30 days:
PEAK/ETH
PEAK/WBTC on
Uniswap will receive special rewards. After all, in their whitepaper,
PeakDefi have already set some of the tokens for Liquidity Mining and they will be called now.
Users can now provide liquidity on
Uniswap and will be rewarded with LP tokens afterwards. The LP tokens for the above mentioned trade pairs can then be used on
https://farming.peakdefi.com to earn extra rewards.
As security is a very important concern for Peak , they have all their smart contracts checked and audited by renowned companies. The smart contracts for liquidity mining were verified and subsequently audited by Hacken.io.
The report on this can be read here:
https://hacken.io/wp-content/uploads/2021/07/26042021_PeakDeFi_SC_Audit_Report.pdfThe PEAK tokens which are now provided as rewards for liquidity providing were locked in a smart contract by PEAKDEFI from the beginning. These have now been released and transferred to an address of the PEAKDEFI project, which fills the smart contract for the rewards for liquidity mining.
