Launching the TAP Liquidity Pool on Uniswap
–– 23 Dec 2020
Today, we announced the launch of our liquidity mining program. This program will run from the 23rd of December 2020 until the 31st of January 2021. We will incentivize participation by making 500,000 TAP tokens available as a reward for token holders providing liquidity into this Uniswap V2 exchange.
If you are new to Uniswap, you can find out how to add liquidity to Uniswap Liquidity Pools below:
Reducing the risk by increasing Rewards
We will calculate your percentage holding within our pool on the 31st January 2021 and distribute your rewards pro-rated from the 500,000 TAP bonus pool.
Liquidity providers can enter the pool at any time but must be active at the end of the 31-day period to qualify for the extra TAP rewards.
Every Uniswap Pool has its own swap fee, which is distributed equally to the pool’s liquidity providers. The 500,000 TAP tokens are an extra incentive that also helps with the “impermanent loss” risk sometimes associated with liquidity pools.
So when participants provide liquidity in the TAP/ETH pool, they are not only earning a percentage of Uniswap’s trading fees, but they are also earning TAP tokens.
The more liquidity you provide, and the longer you are in the pool, the higher your rewards.