Trader Joe: A total of 67 market makers have received awards during the Epoch 2 event, and the following activities will be launched around ARB
On March 20th, Avalanche Eco DEX Trader Joe posted an article on social media stating that the second phase of the Liquidity Book Rewards event has ended, and a total of 67 market makers have received awards in this event, with an average of about 3400 JOEs per household.
Interpretation of this information:
The message is from Avalanche Eco DEX Trader Joe who has shared an update on the Liquidity Book Rewards event. According to the post, the second phase of the event has come to an end which means that the awards have been distributed to the market makers. The event had a total of 67 market makers who have been awarded. The average award per household has been around 3400 JOEs. This information indicates that the event has been successful and a large number of market makers have participated.
The fact that the event has come to an end suggests that the market makers have fulfilled certain criteria to receive their rewards. The criteria may have included trades, volumes or other metrics that would have shown the commitment of the market makers to the platform. The event was designed to encourage market makers to provide liquidity to the platform and to incentivize them by giving them rewards. The success of this event may also attract new market makers to the platform who may want to participate in similar events in the future.
The number of market makers who have been awarded indicates that the platform has a good number of active market makers who are committed to the platform. The award amount per household has also been reasonable which suggests that the platform values the contribution of the market makers. The rewards may help the market makers to continue providing liquidity to the platform and also create a sense of loyalty towards the platform.
Overall, the update suggests that the Liquidity Book Rewards event has been successful in achieving its objective of incentivizing market makers to provide more liquidity to the Avalanche Eco DEX. The event may help to establish the platform as a preferred destination for market makers who are looking for opportunities to earn rewards while providing liquidity to the platform.
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