Opium x 1INCH introduces a new liquidity mining program that offers rewards to participants. The Opium protocol, which issues the OPIUM token, is a leading player in the DeFi sector. Opium is a versatile protocol that enables the creation, settlement, and trading of a wide range of derivatives and financial instruments in a secure and decentralized manner. Users can easily build custom exchange-traded products on the Ethereum blockchain, which can then be freely traded through a network of relayers based on market demand. All positions created are represented by ERC-721 tokens, specifically designed for trading financial instruments and portfolios.1inch exchange, which was launched in August 2020 and raised $2.8 million in funding from prominent investors, integrates various DEX protocols such as Uniswap, Kyber, Curve, and 0x, providing users with access to a wide range of ERC-20 tokens and the best transaction prices. Additionally, 1inch has introduced Mooniswap, its own automated market maker, changing how cryptocurrencies are exchanged and allowing liquidity providers to earn passive income from trading fees. The 1inch team has also launched Chi, a next-generation Gastoken (CHI) that helps users save significantly on gas fees, making transactions up to 42% cheaper. With efficient swapping routes across leading DEXes, 1inch offers the best rates to users.
~$ 1,830,000 Prize pool
Est. value
About Opium x 1INCH
$750,000 worth of tokens will be distributed to liquidity providers in the 1INCH-OPIUM pool over a 24-week period. An additional $1,080,000 worth of OPIUM tokens will be given to participants through DR.OPIUM on opium.finance during the same timeframe. These tokens, once created on the Ethereum blockchain, can be freely traded using a network of relayers and their value will be determined by market demand. All created positions will be represented by ERC-721 tokens, specifically designed for trading financial instruments, and can be combined into portfolios for native trading in combined orders using DEX protocols. By utilizing ERC-20 tokens on various DEX platforms, users can ensure the best transaction prices. 1inch has also introduced Mooniswap, an automated market maker that significantly improves the cryptocurrency swapping process. Liquidity providers can earn passive income from trading fees based on their contributions to the pools. Users can save on gas fees by utilizing Gastoken (CHI) on 1inch, making transactions up to 42% cheaper. 1inch offers the best rates by efficiently discovering swapping routes across leading DEX platforms.
Step-by-step guide
Missing airdrop steps
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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