Flux Protocol liquidity mining to begin at Conflux Block Height — 24976888

Liquidity mining Flux Protocol’s Governance Token $FLUX will officially start at Conflux Block Height 24976888!

Flux Protocol will launch on several public blockchains (Conflux Network, Ethereum, Huobi HECO Chain, Binance Smart Chain, OKex Chain) as time passes. To incentives early participants in the first two weeks of liquidity mining on each network, a total of 5 million $FLUX are reserved as a Bootstrap Fund, and will be equally distributed and release to each public blockchain’s Flux Protocol in the first two weeks. The 5 million $FLUX are part of the 75% Flux Governance Tokens distributed to the community.

Read more about the Token economics here.

The liquidity mining methods and assets on Conflux Network are:

  1. Lending and collateralized borrowing on Flux:

1.1. Flux Protocol supply mining (Supported assets: CFX, FC, cUSDT, cUSDC, cDAI, cBTC, cETH);

1.2. Flux Protocol collateralized borrow mining (Supported assets: CFX, FC, cUSDT, cUSDC, cDAI, cBTC, cETH);

2. Staking cross-chained aTokens and cTokens from AAVE and/or Compound:

2.1. cToken from Compound: Cross-chain Compound cTokens and stake them on Flux (Supported cToken assets: cWBTC, cDAI, cETH, cUSDC)

2.2. aTokens from AAVE: Cross-chain Compound cTokens and stake them on Flux (Supported aToken assets: aWBTC, aDAI, aETH, aUSDC)

The liquidity mining distribution weightage of the various pools on Conflux Network are:

75%:

Flux Protocol Supply & Borrowing — 45%:

Supplying (Lending) — 22.5 %

Borrowing — 22.5%

Staking cross-chained aTokens / cTokens — 30%:

Cross-Chained AAVE aTokens Staking — 15%:

  • caWBTC — 3.75%
  • caDAI — 3.75%
  • caETH — 3.75%
  • caUSDC — 3.75%

Cross-Chained Compound cTokens Staking — 15%:

  • ccWBTC — 3.75%
  • ccDAI — 3.75%
  • ccETH — 3.75%
  • ccUSDC — 3.75%

25%:

Early community members — 1%

DAO (community development and Flux Liquidation Reserve) — 14%

Flux Protocol Team — 10%

Want to be fully prepared and know the steps to participate, click here for detailed tutorial on mining by supplying and borrowing assets from the Flux money markets, or click here for detailed tutorial on mining $FLUX by staking cross-chained aTokens and cTokens from AAVE and Compound!

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Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality

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Flux Protocol

Flux Protocol

Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality

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