DeFiChain Blog

A step-by-step guide on how to participate in liquidity mining with the DeFi app for high returns of up to 500% APY. What is liquidity mining? Liquidity mining is a DeFi (decentralized finance) mechanism in which participants contribute cryptocurrencies to liquidity pools and are rewarded with fees and tokens based on their share of the total pool liquidity. Liquidity pools in DeFiChain consist of liquidity in pairs of coins used by the DeFiChain DEX (decentralized exchange). Add liquidity Step 1: Launch the DeFiChain app Don't have the app installed yet? Click here for step-by-step instructions. Step 2: Navigate to liquidity Click Liquidity in the sidebar to access the liquidity pools. Step 3: Learn more If you're looking to add liquidity for the first time, you'll be presented with videos you can watch to learn more about liquidity mining on DeFiChain and how the DEX works. Be sure to watch the video on impermanent loss, the biggest risk in liquidity mining. Below the vid...

The all-new DeFiChain DEX App, downloadable here, allows for easy, quick & independent use of the decentralized exchange. 4 Important Points Right at the beginning you will be shown a small introduction with the most important things you need to know: You are 100% in control of your own private key. Your key, your coins, but also your responsibility. The exchange is non-custodial, meaning your funds stay with you and never pass a centralized exchange or any kind of centralized deposit system. The DEX is fully functional and usable without the need for a central interface, like a website that needs to be kept running. Independent access! Order Matching is powered by liquidity pools, allowing for decentralized order matching but also being less efficient than traditional, centralized order books. Benefit from extremely high returns, especially from December 9th on On 9th December 2020, DFI Rewards will be increased to 100 DFI / block for one full month, making APYs of 500% and higher...