We are thrilled to announce that we are launching a campaign in Uniswap which could help a lot for the token development of EVED and will improve the strength of our community.
First, let’s educate a little bit each other and understand what is DeFi and why is so important for the current development of blockchain projects. Also why we think this is the future of the decentralized economies?
As Forbes said at the beginning of the year: “DeFi: The Hot New Crypto Trend Of 2020”
DeFi stands for “Decentralized Finance”, which aims to recreate the traditional financial system with less, well, middlemen. Many of the traditional actions in the markets such as lending, borrowing, structuring derivative products, and the buying and selling of securities, can now be done through a decentralized open-source network. The vast majority of these applications are currently created on Ethereum, but in principle, other platforms with smart contract capabilities could work too.
This gives unlimited opportunities to every industry to decentralize and find a new model to structure the business model and funding models.
Find out a video where the Liquidity Pools are explained.
The program starts at around 15.00 UTC on Wednesday, Nov 25, 2020, and will last approximately 30 days until Sunday, December 25, 2020.
What will be the reward for the participants?
For the next 3 months we are going to distribute on the liquidty provider’s wallets 100 EVED for every ETH that are added as liquidity.
HOW TO ADD LIQUIDITY?
Open the Evedo Token page in Uniswap: https://info.uniswap.org/token/0x5aaefe84e0fb3dd1f0fcff6fa7468124986b91bd
Press ADD LIQUIDITY link: https://app.uniswap.org/#/add/0x5aaefe84e0fb3dd1f0fcff6fa7468124986b91bd/ETH . Then connect your metamask with Uniswap and choose how much liquidity you want to add.
STEP 3: Confirm supply.
Have in mind that there will be a gas COST depending on the amount of tokens and ETH that you want to provide as liquidity.
STEP 4: Confirm the transaction and provide liquidity.
The rewards will be distributed to the liquidity provider wallets on 25th of December 2020 , 25th of January 2021, 25th of February 2021.
Lets look at the case where you are adding 10 ETH liquidity. Then you will receive on a monthly base 10 x 100 EVED = 1000 EVED/Monthly award on your wallet.
The Evedo team believes that this is a move that will help more people to explore and add value to the ecosystem that we are building.
If you want to become a part of the event change follow our community channels: