Since the soft launch of our native token PCL on Pancakeswap we have seen a steady growth of participation on the protocol; the overall increasing trading activity across the PCL/BUSD pool highlights the appetite for a faster, cheaper blockchain solution and we are excited to be part of such a rapidly expanding decentralized landscape!
As PECULIUM works to bring fast, affordable, and high-quality financial services to the mass market, one of our main priorities is to make sure the costs to buy and sell PCL are as low as possible for end-users of the SAIEVE platform and PCL stakeholders.
It has become clear over the last year that decentralized exchanges (or DEXs) will continue to play a key role in the crypto ecosystem and its ongoing development. In order to help promote the feasibility of trading PCL tokens on these exchanges, we will implement liquidity mining programs to incentivize the provision of the PCL liquidity in DEXs.
Automated Market Makers (AMMs) like Pancakeswap enable token holders to passively make PCL markets more liquid and earn trading fees. More liquid markets means end-users deal with less slippage costs and volatility when purchasing PCL.
Given the importance of acquiring PCL for utility within the SAIEVE platform, it is paramount that we have a liquid on-chain trading venue. To help grow liquidity, PECULIUM is committing 3M PCL in rewards to liquidity providers.
This will be achieved, very efficiently, by airdropping PCL rewards into the existing and upcoming pools. This is then divided proportionally amongst all liquidity providers — you do not need to do/claim anything to receive it (these rewards will reflect in your DEX fee earnings).
The goal is to bootstrap liquidity to a level that will enable this pool to reach maturity and become self-sufficient, with trading volumes and fee revenues eventually becoming attractive enough to incentivize liquidity provision without these subsidies.
Why liquidity mining?
Liquidity mining is the process of staking the liquidity you add to the PECULIUM DEXs pools and earning PCL rewards in return. The primary benefits for Liquidity providers are:
- Potential for high yields
- Distribution of governance and native tokens
- Low barrier to entry
- Participation in enhancing the liquidity of PCL in DEXs
- Stabilize PCL price
Apart from an opportunity to gain returns with a low barrier to entry, one added benefit of liquidity mining is community building through trust. It incentivizes asset holders to be more involved in the community and play more active roles. This marks another milestone in sharing growth opportunities with our community who believe in a future of DeFi and personal financial freedom.
We benefit from liquidity mining because it means our community is helping us by adding liquidity to our DEXs pools, and then staking that liquidity during the staking period. This helps maintain liquidity and reduce slippage, which can in turn increase trading activity.
The time has come for PECULIM to announce its very first upcoming liquidity mining (LM) program. Our first LM program will focus on the Pancakeswap BUSD/PCL pool.
We’re very excited to launch this and for our community to get involved and experience liquidity mining as they never have before.
Stay tuned for more details in the next article.
About PECULIUM
PECULIUM has always been a company driven to democratize access to investment opportunities previously only available to the very wealthy. The development of blockchain technology has been a key factor in enabling this ongoing financial revolution. But blockchain goes beyond offering a more efficient replica of the traditional financial ecosystem-it enables new business models that are better aligned with the incentives of all market participants.
PECULIUM has developed saieve.io, a crypto investment and asset management platform that connects to exchange accounts and allows users to instantly access vetted trading strategies and investment portfolios. Founded to simplify trading strategy for users without any technical experience, PECULIUM has a growing offering of automated investment products.
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