The Return Of Dual Yielding & Incentivized KIN Liquidity Pool
Following popular demand, the Kin Foundation is happy to announce the return of KIN liquidity pools & yield farming via Raydium.
Raydium is an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX) to enable lightning-fast trades, shared liquidity, and new features for earning yield.
Kin and Ray holders can add their tokens to a Fusion Pool to provide liquidity via the Serum DEX. In return, liquidity providers will receive trading fees in addition to dual yield in both KIN and RAY paid out by the KIN-RAY LP Farm. Yield rewards offer an additional incentive for liquidity providers, with higher rewards for early adopters. Note: this pool runs for 120 days.
To get started with the KIN-RAY LP Farm, check out the Raydium Pools below (Note: in order to add tokens to the liquidity pool, you must add both KIN and RAY tokens at an appropriate ratio according to exchange rates): Raydium Pools
For more information on Raydium and liquidity mining, check out these resources:
For more general information on automated market-making and liquidity pools, you can also review this guide:
Disclaimer: Yield Farming is only recommended for advanced users, who understand the risks involved. If you are unfamiliar with the concept of impermanent loss, we recommend reviewing this guide, for a basic understanding.
Kin is a decentralized cryptocurrency purposely designed to integrate easily across Mobile and Web Apps, with a built-in incentive model that rewards developers for increased usage. Apps built with Kin get paid for creating compelling cryptocurrency-based user experiences, where greater engagement results in shared economic benefits for users and developers. Today, the Kin Ecosystem boasts 60 million wallets, and has distributed over $70M in rewards across 60+ apps since its inception in 2017. Kin is an SPL token on the Solana blockchain, enabling consumer-scale apps to transact swiftly, with minimal-to-no fees. Learn more at Kin.org.