Liquidity providers are rewarded by providing their assets to the network. Their assets are added to the pool that traders use to exchange assets. The main benefit of Liquidity Providers is that they can earn income from stagnant assets such as Bitcoin, Ethereum, and Binance Coin. You will provide liquidity at a ratio of 50:50. That is 50% of RUNE and 50% of ASSET. Liquidity providers are rewarded for keeping their assets in THORChain. APY comes from block rewards, incentives and swap fees. When LPs withdraw their assets from THORChain, they will be rewarded.
No, we are not profit-oriented. All fees are returned to the user. Through the agreement, the team has no revenue model. All fees collected will buy back $SPOT (DefiSpot tokens) and use it to reward liquidity providers.
There is no minimum or maximum time attached to providing liquidity. Users can join and leave at any time.
Yes - Liquidity Providers will receive 100% IL protection for a duration of 100 days. Essentially this means you are adding 1% protection for every day that you provide liquidity. 49 days provided = 49% IL protection, 100 days = 100% IL protection.
Read more about it here.
Currently - BTC, ETH, LTC, BNB, BCH, ERC-20 (USDT and SUSHI), BEP2 (BUSD and BTCB)
Soon - XHV, BSC, DOGE, ZCASH, DOT, KSM, XMR, SOL, LUNA, ATOM, AKASH, SCRT, INJ, SIF, FIL and many more!