Liquidity mining has been a very popular term in the DeFi sector for some time. By providing liquidity on a decentralized exchange, one can stabilize a trading pair and reduce price changes during a swap in the form of slippage. Normally, users only get the fees from the swaps as a reward for providing liquidity.
We have decided to go one step further: We give extra bonuses!
Whoever provides liquidity for the trading pairs within the next 30 days:
on Uniswap will receive special rewards. After all, in our whitepaper, we have already set some of the tokens for Liquidity Mining and they will be called now.
Users can now provide liquidity on Uniswap and will be rewarded with LP tokens afterwards. The LP tokens for the above mentioned trade pairs can then be used on https://farming.peakdefi.com to earn extra rewards.
As security is a very important concern for us, we have all our smart contracts checked and audited by renowned companies. The smart contracts for liquidity mining were verified and subsequently audited by Hacken.io.
The report on this can be read here: https://hacken.io/wp-content/uploads/2021/07/26042021_PeakDeFi_SC_Audit_Report.pdf
The PEAK tokens which are now provided as rewards for liquidity providing were locked in a smart contract by PEAKDEFI from the beginning. These have now been released and transferred to an address of the PEAKDEFI project, which fills the smart contract for the rewards for liquidity mining.
The following smart contract was unsubscribed by us and the 138 million tokens were released.
Of these, 44 million PEAK go into the smart contract for providing liquidity PEAK/ETH.
Another 44 million PEAK go into the smart contract for providing liquidity PEAK/WBTC
And the remaining 50 million PEAK will remain available for upcoming incentives on the Binance Smart Chain (For more information: See Whitepaper Tokenomics)
So everyone can transparently understand where the PEAK come from and how they are used.