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Home DeFi

Synthetix Extends LP Rewards on Base

Digital Pulse by Digital Pulse
January 9, 2025
in DeFi
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Synthetix Extends LP Rewards on Base
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2025 is getting much more Based mostly as Synthetix extends the Decembrrrr Base LP Incentives for a further 4 weeks. Designed to incentivize deep liquidity for the busy perps buying and selling season, liquidity suppliers can proceed to earn boosted yields whereas merchants get pleasure from dependable liquidity and seamless market entry.

LP Rewards Prolonged

The rewards program has been prolonged for 4 weeks, from January ninth, 2025 till February sixth, 2025. These extra rewards help LPs and merchants as Synthetix doubles down on the Base ecosystem.

Up to date Weekly Rewards

Starting now, LPs earn a prorated share every week of:

A complete of 60,000 SNX and 80,000 USDC has been allotted to USDC and stataUSDC swimming pools on Base, giving LPs the distinctive alternative to deploy yield-bearing Aave staked USDC together with a share of charges from perps buying and selling.

How you can Take part

It’s straightforward to get began as an LP:

Deposit USDC or stataUSDC on the Synthetix Liquidity App.Rewards accrue each block and could be claimed at any time through the app.

For particulars on changing into an LP, consult with the Synthetix docs.



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Tags: BaseExtendsRewardsSynthetix
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