Decentralized Synthetic Asset Agreement UMA announces the launch of yUSD "liquidity mining" program

Rhythblockbeats news, on July 28, Risk Labs, the team behind the decentralized Synthetic Asset Agreement UMA, published an official post announcing the official launch of the "liquidity mining" plan. According to the article, Risk Labs will offer UMA tokens to users who are offering yUSD (Yield Dollar) liquidity in the yUSD/USDC pool in Balancer to enhance liquidity and distribute UMA tokens to users who contribute to community governance.

The program will run for about six weeks, with 25,000 UMA each week. 50/50 yUSD-SEP20/USDC pool (fee 0.01%) is whitelist and can be awarded; Rewards will be distributed weekly by air drop, but will not be locked or restricted (which may change later); Incentives will be distributed in proportion to the amount of liquidity provided; Balancer's BPT address is rewarded, as is the liquidity provider, if Balancer whitelist the pool as well.

According to Rhythm BlockBeats, UMA announced the yield Dollar (yUSD) token on July 23. YUSD is a specific component of UMA component and provides a fixed capital rate for both lenders and borrowers. YUSD has many possible styles, the first product introduced is called yUSD-SEP20. This token allows through using the WETH as collateral and helps the user to create profits. This means that traders can take advantage of their long positions on the ETH at a fixed rate.

Further reading:"UMA launches" STABLE DOLLAR "yUSD to provide fixed capital interest rate for both parties"

The original link: https://medium.com/uma-project/liquidity-mining-on-uma-is-now-live-5f6cb0bd53ee

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