Uniswap is dead: Where to do Liquidity Mining now?
The liquidity mining reward program for decentralized exchange Uniswap has come to an end.
As already communicated by Uniswap in September, when its UNI token first launched, Uniswap's liquidity program ended on the 17th November 2020.
Liquidity Miners are asking: What's Next?
There don't seem to be any other safe and lucrative Liquidity Mining programs similar to what Uniswap offered available.
At least until now: non-Turing-complete blockchain project DeFiChain is launching a Liquidity Mining reward program very soon.
What is DeFiChain?
The DeFi Blockchain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market.
It is deliberately a non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security.
The function set includes among others:
- Decentralized lending
- Decentralized wrapping of tokens
- Decentralized Pricing oracles
- Decentralized exchanges
- Transferable debts and receivables
- Decentralized Non-collateralized debt
- Asset tokenization
- Distribution of Dividends
Main benefits & technical details
DeFi Chain including its coin DFI is built on top of Bitcoin, as a fork of BTC.
DFI was never sold via an ICO, instead everything was and is distributed via Staking. This also means that the price has never been set by DeFiChain as a company - it is completely independent and a result of demand and supply.
The MainNet is live since the day of the Bitcoin halving in May 2020, and running smoothly since. This means that despite DeFiChain not even being half a year old, there is no waiting for a MainNet, Staking or anything like that, everything is already live and working right now!
Since DeFiChain is built on top of Bitcoin, which by far is the Nr. 1 coin in the industry, it benefits from Bitcoins extremely strong security and high hash power.
Compared to ETH or even BTC, DeFiChain is orders of magnitude lower in fees and super fast!
Being a non-Turing-complete blockchain makes DeFiChain drastically less prone to smart contract errors, which is incredibly important for finance transactions. Just look at a handful of the many projects that suffered due to bugs - YAMv1, LendF.me, Andre Cronje’s Eminence ...
This also means there will be no games, no casinos to clog the system and jack up gas prices like Ethereum.
In short, DeFiChain combines the best of two worlds: Bitcoin’s high security and hash power, as well as live and working Proof of Stake, making extremely fast and inexpensive transactions possible (Scalability).
What to do Next
Want to participate in the DeFiChain Liquidity Mining reward program and easily generate a yield of 1000%+, especially at the beginning?
Follow DeFiChain on Twitter and Join the official Telegram Group to be the first to know when Liquidity Mining launches in the next few weeks!
And if you want to prepare for the upcoming Liquidity Mining and benefit from the extremely high returns, you should definitely download the DeFiChain Wallet (which also serves as the DEX App).
More information about DeFiChain on the official website: https://defichain.com
