/biz/ - Business & Finance

>>23389521
Privacy, eh?

What the FUCK is wrong this board? Why is nobody talking about this? This is huge.

https://loki.network/2020/09/25/chainflip-rebrand/

IYKYK

bullish FA.

As you’ve probably already heard, a wrapped LOKI token called wLOKI will soon be available for trading on Uniswap! Uniswap is the talk of the DeFi town, so it makes sense for LOKI to join in on all the unicorn-based fun. As we explained in our announcement, wLOKI makes it easy for people in the Ethereum DeFi ecosystem to join the Loki community.

While we’re huge believers in the future of cross-chain asset swapping, it’s still valuable to connect Loki with existing DeFi infrastructure. wLOKI connects Loki to Ethereum’s established ecosystem, provides a new Loki onboard, and gives you an opportunity to earn some extra LOKI. Win-win-win.

That’s right — you’ll be able to earn LOKI by providing liquidity to the wLOKI/USDT pool on Uniswap. This incentive scheme is provided by the Liquidity Fund being created in the upcoming Salty Saga hardfork, due early next month. Details on the incentive scheme will soon be available directly from the wLOKI bridge, which is nearing completion. This will enable you to swap your wLOKI to LOKI, and your LOKI to wLOKI, all from the Chainflip interface.

How will liquidity incentives work on Chainflip?
In case you missed it, we recently wrapped up a Loki Request for Comment discussing changes to the Loki block reward. For the next 6 months, 6 LOKI per block will be directed to the Chainflip liquidity reward fund.

With a 2-minute block time, this is 4,320 LOKI per day, or 30,240 LOKI every single week. Clockwork. This is a significant reward fund up for grabs, which will be used to ensure liquidity is attracted to pools on Chainfip. Liquidity mining is an essential component of guaranteeing Chainflip’s success, and the development of the infrastructure to allow for it in this new cross-chain context is underway.

https://loki.network/2020/09/25/chainflip-rebrand/