Wefi launches LP reward program on zksync via SyncSwap for 1000 winners | by WeFi | July 2023
Wefi launched its Wefi/Eth pool on syncswap on the Zksync-era chain after receiving around 10,000 whitelist entries for using its alpha mainnet, which is scheduled to launch soon.
Number of winners: 1000 🏆
Duration: July 14, 2023–14. August 2023. ⏰
Winner Announcement: August 18, 2023 🗒
In addition to the trading fees earned via Syncswap, LPs also get their share of the 20,000 Wefi tokens.
The first 1000 liquidity providers will receive rewards according to their contribution.
Syncswap is a decentralized exchange built on top of the zksync network. The exchange works by creating pools of liquidity that balance each other through a series of smart contracts. The contract always tries to balance the amount of these coins so that they have the same value. Incentives are created for those willing to reconcile the pairs in the event of a discrepancy.
Individuals who add coins to the pools are called Liquidity Providers (LP). They add funds or deposit them into liquidity pools, which are smart contracts that hold funds. In exchange for providing funds and liquidity to the pool, these LPs will receive LP tokens for the relevant pool for which they are providing liquidity. In our case, users get WEFI/ETH LP tokens by providing liquidity to the WEFI/ETH liquidity pool on Syncswap. You receive a small percentage of the trading pair transaction fees as well as the additional bonuses we offer.
- Whitelist your zksync address here
- Visit syncswap
- Go to their pool area
- Search the WEFI/ETH pool
- Go to the deposit section.
- Deposit the amount in ETH or WEFI.
That’s it.
Now your LP position will be charged for each trade and reward.
Also, here is our step-by-step guide on how to deposit liquidity into the pool on SyncSwap.
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