Termination of DEP/HUSD MDEX LP, DEP/HT MDEX LP's DEP Liquidity Mining Rewards
Dear Depth community,
Although it has only been launched for four days, Depth's market and community have developed and grown rapidly. After Depth volunteers have in-depth exchanges and discussions with community members, the Depth DEP/HUSD MDEX LP and DEP/HT MDEX LP DEP mining rewards will end at 10:00 on 08 March 2021(UTC+8). After the end of the DEP LP reward program, users can still freely choose whether DEX to continue to provide LP liquidity, but users cannot receive DEP rewards from the Depth protocol anymore.
Details are as follows:
Date of DEP LP mining reward Termination: March 8, 2021 10:00 (UTC+8)
DEP Token issuance before the DEP LP mining reward Termination: Before the official stop of the reward, the DEP of the second pool will be distributed according to the original share and speed.
Result after the Termination: After that, the DEP pledge mining rewards for DEP/HUSD MDEX LP and DEP/HT MDEX LP will be permanently cancelled, that is, DEP/HUSD pledged at Depth, DEP/HT LP Token can no longer receive DEP rewards. We will also offline related pages after the LP token is fully extracted.
The total amount of DEP issuance remains unchanged: After the reward is stopped, the DEP LP reward, which was originally scheduled to account for 15% of the total amount of DEP issuance, will be incorporated into the "stable coin liquidity mining" reward pool, that is, "stable coin liquidity mining" "The reward will account for 75% of the total DEP released.
This adjustment does not affect the total issuance volume of DEP and other issuance rules. The total amount of DEP Token is still capped at approximately 10,000,000,000 (10 billion).
From now on, Depth will continue to focus on the core business of stable currency swaps and provide more services to stable currency liquidity providers and exchangers. We will launch more functions and modules to increase the security of Detph, reduce the overall risk of the Detph protocol, and make Depth more decentralized and focused.
Thank you for your support and understanding.
Risk Reminder: DEP is the Depth's governance token, DEP token has no intrinsic value.
Depth Core Volunteers March 03 2021
Copy link