This article was first published on Bancor - Medium
LockTrip Trader Incentive Boosts Returns on Bancor Liquidity Pool
TLDR: LockTrip introduced an incentive on the LOC/BNT liquidity pool that increased returns for liquidity providers by over 70%.
LockTrip, a blockchain-based travel marketplace, is offering rewards to users who trade above a certain amount of LOC on Bancor — and the early results are encouraging.
Users who trade above 2,500 LOC, for instance, get 15 free LOC. A bonus pool worth 0.25% of all volume gets rewarded to the top 3 traders.
- More details on the incentive program can be found here.
- Trade & stake LOC on 1inch, Paraswap & Bancor.Network.
In the first week of the incentive, average daily trade volume on the LOC pool surged from around $2–3K per day to $35K per day!
The increase in volume increased the profitability of the LOC/BNT pool and returns for liquidity providers now stand at 3.66% —or 63.68% annually.
We just listed $LOC from @LockChainCo 🔥 LockTrip is a decentralized travel marketplace. It allows you to book your favorite Hotel while saving 20% 🏖️ You can buy $LOC and earn fees using @Bancor pools 😎 Check it out: 👉 https://t.co/ZyvDKnJkhr 👉 https://t.co/EHxF3uWkMQ https://t.co/iu2Kbs80iA
To keep reading, please go to the original article at:
Bancor - Medium