Cosmos Ecological Public Chain Canto Continues Liquidity Mining

03/17/2023 04:36 • Blockchain Buzz • 133 views

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.

The proposal of Cosmos ecological public chain Canto to “continue liquidity mining incentive measures” has been passed

Analysis based on this information:

The Cosmos ecological public chain Canto has passed a proposal to continue its incentive measures for liquidity mining. This will maintain the current capital efficiency of the network and stakeholder consistency by providing each block with 37.6 CANTOs, and distributing a total of 16.5 million CANTOs to LP providers in the next 30 days.

Cosmos is a decentralized network of independent blockchains that offers interoperability between different blockchain platforms. Canto is a cryptocurrency that is used as a medium of exchange for transactions on the Cosmos network.

Liquidity mining is a process that incentivizes users to provide liquidity to a platform by investing their cryptocurrencies. In return, they receive tokens that can be used to pay for transaction fees or can be traded for other cryptocurrencies. This process helps to increase the liquidity of the platform, which in turn increases its value and attracts more users.

The proposal to continue liquidity mining on the Cosmos network suggests that the platform plans to maintain its current growth trajectory by keeping the network incentivized for users who are providing liquidity. This move will help the platform to attract more users and drive up trading volume.

The decision to maintain the current capital efficiency of the network and stakeholder consistency means that Canto is committed to providing its users with a stable and secure platform. By continuing to incentivize liquidity mining, the platform is ensuring that LP providers are consistently rewarded for their contribution to the ecosystem.

In conclusion, the decision to continue liquidity mining on the Cosmos network is a positive move that ensures the platform’s continued growth and stability. The dedication to stakeholder consistency and capital efficiency highlights the commitment of Canto to its users and their experience on the platform.

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