cBridge Liquidity Mining Session One is Launching on 12/15/2021

With our recent community-driven update and having seen cBridge 2.0 mainnet maintain its stability for over two weeks, we are excited to begin Phase 2 of our multi-phase launch plan, the start of the much-anticipated liquidity mining programs! These mining programs are scheduled to begin at 02:00 UTC on Dec. 15, 2021.

We hope with the launch of these liquidity mining programs, cBridge will be able to bootstrap up to a deeper liquidity pool in order to accommodate the fast-growing demand for cross-chain asset bridging!

In this first 30-day session, 22,000,000 CELR tokens are planned to be distributed to liquidity miners across all of the various pools on the different chains. Below is a tentative rewards table that shows only the currently supported chains and tokens. We are planning on adding more pools to this list over the course of this first 30-day session as more chains and assets go live and are integrated! The rewards are subject to adjustments across the pools based on the level of liquidity and cross-chain transfers we see in the following month. As usual, any feedback is always welcome through all of the community channels (Telegram, Forum, Discord).

For existing liquidity providers, no action is needed and your liquidity mining rewards will start to automatically accumulates once the session is live. For new liquidity providers, it is very simple: just by providing liquidity in the pools, you will be automatically enrolled in the liquidity mining session. More details can be found on our documentation site. 

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