The proposal of Cosmos ecological public chain Canto to “continue liquidity mining incentive measures” has been passed
On March 17th, it was reported that the “incentive measures for continuing liquidity mining” of the Cosmos ecological public chain Canto had been passed. The proposal proposes to continue the previous liquidity mining incentives with the same parameters to maintain the current capital efficiency of the network and stakeholder consistency. This means that within the next 30 days, each block will generate 37.6 CANTOs, and a total of 16.5 million CANTOs will be distributed to LP providers.
Interpretation of this information:
The Cosmos ecological public chain Canto has passed a proposal to continue its liquidity mining incentives. This move aims to maintain the current capital efficiency of the network and ensure stakeholder consistency. As per the proposal, the previous liquidity mining incentives will continue with the same parameters. This means that in the upcoming 30 days, each block on the network will generate 37.6 CANTOs, and LP providers will receive a total of 16.5 million CANTOs.
Liquidity mining is a new way of incentivizing network participants to provide liquidity. It involves users staking their digital assets on a particular platform, which helps maintain the liquidity of the network. In return, the users receive a share of the transaction fees generated by the platform. This process helps ensure that the network remains functional and efficient, even during periods of high demand.
The decision by the Cosmos ecological public chain Canto to continue liquidity mining incentives reflects its commitment to ensuring the sustainability of its network. The parameters of the incentives will remain the same, so users can continue to expect the same level of returns for their participation. This consistency helps secure the trust of stakeholders, who are more likely to remain engaged when they know what to expect.
Overall, the decision to continue liquidity mining incentives shows that the Cosmos ecological public chain Canto is focused on building a strong and sustainable network. By providing incentives that encourage participation and maintain liquidity, the platform can continue to grow and attract new users. This move highlights the importance of creating stable incentives and maintaining stakeholder consistency in the world of blockchain technology.
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