1inch kicks off farming program with ARCx
1inch’s new addition to the liquidity mining program will feature ARCx, the governance token of the ARCx protocol.
We are excited to announce an additional liquidity mining program, which will start at 10 pm UTC on March 19 focusing on the newly launched 1INCH-ARCx pool.
Under this farming program, 0.01% (150k) of the 1INCH token total supply will be distributed among providers of liquidity to the 1INCH-ARCx pool over a four-week period.
ARCx is a decentralized synthetic asset protocol that unlocks the liquidity of interest-earning assets deposited by users through its native stablecoin STABLEx. The platform also enables users to earn the ARCx governance token.
By launching the liquidity program with ARCx, we continue with our strategy of integrating the ‘blue chips’ of the DeFi space, as we are keen on attracting liquidity in tokens of that kind to our protocol.
ARCx offers a promising concept, and the project has already been supported by major investors.
The liquidity mining program with ARCx follows similar programs with OPIUM from the Opium Network, LDO from Lido DAO, TORN from Tornado and VSP from Vesper, which were extremely popular with our users, allowing them to earn substantial profits, while the projects’ liquidity saw major boosts.
In addition, the ARCx liquidity mining program will enable us to test 1inch’s new smart contract.
Moving forward, we plan more lucrative liquidity mining programs for you! So, stay tuned!