- CorionX launch Uniswap Liquidity Incentive Program
- CorionX soon to airdrop governance token to LPs
- First-time $10-50 bonus for LPs locking up liquidity
CorionX has been progressing rapidly from their Initial DEX Offering (IDO), which finished November 15th. Now, amid their Probit Exchange listing competition, CorionX’s governance token will be airdropped to upcoming Uniswap Liquidity Providers (LPs).
This leads us to the crux of the article; the launch of the Uniswap Liquidity Incentive program.
The Uniswap Liquidity Incentive Program
After an overwhelmingly positive response to the CorionX native utility token, CORX, most community members preferred Decentralized Exchanges (DEXes). DEXes, such as Uniswap, allow LPs to contribute by locking up their funds in liquidity pools and earn extra rewards.
LPs can lock-up their CORX for a certain number of days to provide an increasingly prosperous reward through Liquidity Pool incentives. The minimum amount that can be locked up is $500 – spread 50/50 between ETH and CORX.
The lock-up plans also come with an extra reward when the liquidity locked up exceeds $5000. Furthermore, all LPs will also receive a first-time $10-50 bonus when locking up their liquidity.
The lock-up options are:
|Lock-up Period (days)||Reward (%)||Extra reward above $5k (%)|
|30||8 %||2 %|
|60||10 %||4 %|
|90||12 %||6 %|
|180||14 %||8 %|
|360||22 %||10 %|
Uniswap has been chosen to serve the CORX community’s interests and support future expansion of CORX use.
How to join the Uniswap Liquidity Incentive Program
To join the program, LPs need to fill in this form after providing liquidity on Uniswap. Simply fill in your relevant details, and rewards will be allocated accordingly in line with the Incentive Program.
Reward distribution requires a minimum lock-up period of 30 days and will be sent out at the end of the lock-up period.
Please be reminded that LPs, CORX token holders, and those with locked up stakes will all be airdropped with the CorionX ecosystem Governance token soon.