Phoenix Global Liquidity Mining

In our previous liquidity mining campaign with Hummingbot, we saw 482 distinct individual miners participate with the number of weekly distinct miners peaking at 129. The total filled order volume has reached $45 million as of May 24th, 2021. With US$30,000 rewards paid out and encouraged by these results; we have decided to resume the liquidity mining campaign for another 3 months with a total reward pool of ~US$15,000 in PHB tokens!

Did you participate in the previous PHB campaign? Join it and start earning rewards again!

Summary stats of the previous PHB liquidity mining campaign

  • 482 distinct users participated and earned rewards
  • Liquidity miners have constantly accounted for 60% or above of total daily PHB/TUSD trading volumes on Binance
  • Liquidity miners accounted for US$45M of filled order volume
  • Open order book volume created by miners peaked at US$66K with an average of $30K+
  • The weighted average miners bid-ask spreads have consistently and generally been tighter than 1.5%

New Campaign Terms

  • Total reward pool: USD 15,000 for 12 weeks
  • Reward token: PHB
  • Eligible token pair: PHB/TUSD
  • Eligible orders: maker orders placed with spreads of 2% or lower
  • Exchange: binance.com

About Phoenix Global

Blockchain Enablement of the Real Economy. https://phoenix.global/