DeFi Liquidity Pool XBTSX.HIVE /DEFI Joins DEFI Airdrop!XBTS recently announced that XBTSX.HIVE /DEFI will join the airdrop cooperation conditions.
The BTSDAO Board has voted to join the airdrop by XBTSX.HIVE /DEFI.
XBTSX.HIVE /DEFI liquidity pool will join BTSDAO's surf program. The BTSDAO Board has voted for the proposal to airdrop 40,000 DEFI to XBTSX.HIVE /DEFI.
XBTSX.HIVE/DEFI Airdrop will be triggered only when TVL (Total Value Locked) reaches 1 million BTS. If no airdrop occurs on the day when TVL reaches 1 million BTS, airdrop will resume.
btsdao is the main management account for BTSDAO.
DEFI
https://app.xbts.io/#/asset/DEFI is a governance token distributed daily to liquidity providers.
As part of the collaboration, the BTSDAO community has created one liquidity pool for XBTSX.HIVE
https://ex.xbts.io/asset/XBTSX.HIVE XBTSX.HIVE /DEFI 1.19.203
https://app.xbts.io/#/pool/DEFI.DEFIXHIVEHere's how BTSDAO and XBTS work together:
- Half of XBTXS.HIVE asset transaction fees are regularly used to repurchase DEFI and participate in XBTXS.HIVE/DEFI liquidity pool mining
- The LP assets involved in mining will be permanently locked, and the LP assets will be placed in the account of XBTS, which will be managed jointly with the btsdao account
- This cooperation agreement is valid for one year from the creation of the XBTSX.HIVE /DEFI pool
- If XBTS fails to comply with the above, BTSDAO has the right to terminate its cooperation with XBTS
- If BTSDAO fails to comply with the above, XBTS has the right to terminate its cooperation with BTSDAO
This is a brief description of the collaboration between BTSDAO and XBTS.
- The DEFI airdrop works with the XBTSX.HIVE /DEFI pool
https://app.xbts.io/#/pool/DEFI.DEFIXHIVE in accordance with the BTSDAO rules.
XBTSX.HIVE /DEFI pool receives a 40,000 DEFI Airdrop every day.
A SnapShot is taken every day at a random time to check if the TVL (Total Value Locked) of the listed pool exceeds a certain threshold, if so, the number of DEFI giveaways for each liquidity provider is calculated based on the LP share and will be transferred from btsdao.escrow to the liquidity provider.
BTSDAO
https://www.btsdao.orgXBTS Exchange
https://ex.xbts.ioDeFi AMMob
https://app.xbts.ioXBTS Cross-Chain Dex & DeFi
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