Main > General Discussion

Cooperation between XBTS DEX and BTSDAO

<< < (2/2)

EuropaSH:
Each pool will get 40,000 DEFI airdrop everyday, except that for BTS/DEFI, BTS/GDEX.USDT, GDEX.USDT/DEFI pools airdrop is 80,000 DEFI.

DEFIDAO Pools: https://app.xbts.io/#/pools?a=defi

EuropaSH:
We are pleased to announce the start of cooperation between the XBTS exchange, the SmartHoldem platform and the BTSDAO Community
 
BTSDAO is a decentralized autonomous liquidity mining community created by the Chinese community.

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 two liquidity pools for SmartHoldem STH https://ex.xbts.io/asset/XBTSX.STH :

BTS/XBTSX.STH 1.19.181
https://app.xbts.io/#/pool/DEFI.BTSSTH

DEFI/XBTSX.STH 1.19.180
https://app.xbts.io/#/pool/DEFI.DEFISTH

The liquidity pools created by the BTSDAO community increase the liquidity of trading pairs, distribution of the SmartHoldem STH coin, by increasing operations in higher APY pools for liquidity providers STH, BTS, DEFI.

Yield Farming protocols encourage liquidity providers (LPs) to stake or lock their crypto assets in the liquidity pool.

BTSDAO Yield Farming rewards liquidity providers with DEFI Governance Tokens, which can be sold or staked and increase LP percentage.

- The DEFI airdrop works with the BTS/XBTSX.STH pool https://app.xbts.io/#/pool/DEFI.BTSSTH  in accordance with the BTSDAO rules. The BTS/XBTSX.STH 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 each of the listed pools 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.

Joining the BTSDAO airdrop increases the liquidity of trading pairs on the DEX.


XBTS Exchange https://ex.xbts.io
DeFi AMMob https://app.xbts.io

XBTS Cross-Chain Dex  & DeFi
Safely! Instantly! Simply!

bench:
Interesting, here is the original post:
https://bitsharestalk.org/index.php/topic,33081.0.html

EuropaSH:


Cooperation proposal between XBTS DEX and BTSDAO

XBTS offers itself as a participant in the Surfing plan initiated by the BTSDAO community.

The Surfing Plan aims to further incentivize through the use of gateway transaction asset fees to buy back DEFI, mine, and lock LP.

XBTS offers XBTSX.STH https://ex.xbts.io/asset/XBTSX.STH asset to participate in surfing.

The conditions for joining XBTSX.STH to the Surfing plan are as follows:

1. SmartHoldem STH https://ex.xbts.io/asset/XBTSX.STH will participate in the Surfing plan.

All fees earned for trading STH in any trading pair and liquidity pools where add STH will be distributed as follows:

50% of XBTSX.STH market fee income is used to repurchase DEFI. DEFI deposits into the pool and LP assets acquired are permanently locked.
In addition, XBTSX.STH 50% is used for SmartHolder Staking https://app.xbts.io/#/smartholder/.
 
50% of XBTSX.STH market fee income is used to buy back DEFI - 1st and 15th day a month when accumulating STH fees up to 100 percent or more.

2. XBTS creates an account to repurchase DEFI and continues to add DEFI deposits to the pool, locking the resulting LP assets permanently. The multi-signature account - xbts-miner-lockedlp is controlled by both XBTS and BTSDAO.

XBTSX.STH already has one XBTSX.STH/BTS pool running https://app.xbts.io/#/pool/SMARTHOLDEM/.

To comply with the conditions, BTSDAO create its own pool of BTS/XBTSX.STH and a DEFI/XBTSX.STH Pool will also be created by BTSDAO. Distribution of DEFI will be done through the BTS / DEFI pool in accordance with BTSDAO rules.


3. From the airdrop date, within one year, the XBTSX.STH transaction fees received by XBTS will be transferred to the xbts-miner account to redeem DEFI and participate in DEFI mining. The generated LP assets will be transferred to the xbts-miner-lockedlp account (a multi-signature controlled by xbts-team and btsdao) and permanently locked. The resulting DEFI will be returned to xbts-miner and will continue to participate in mining. After a year, XBTSX.STH transaction fees will no longer be credited to the xbts-miner account, and the DEFI received by xbts-miner can also be traded.

 Cooperation on this Surfing plan requires:
1. Votes of the BTSDAO Council.
2. The XBTS applicant pays a listing fee to BTSDAO of 100,000 DEFI/pool = 200,000 DEFI for 2 pools.
XBTS paid a listing fee of 200,000 DEFI https://ex.xbts.io/block/65999170/1

If a UI side such as BTS++ charges additional fees, the applicant must take care of it, which is not included in this listing fee.

This cooperation proposal will be put to the vote of the BTSDAO Council and will be implemented after the vote has been taken.

Navigation

[0] Message Index

[*] Previous page