Apply for Liquidity Incentive Program
Liquidity incentive allow users to earn KDX and other tokens while supporting KAIDEX by provide KDX Tokens as liquidity.
Liquidity incentive can give huge rewards but it comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
The Base APR is calculated according to the farm multiplier and the total amount of liquidity in the farm. The reward will be KDX token with or without another token, depending on the project strategies.
The procedure to open incentive pool (for project)
To open an incentive pool on KAIDEX, you need to submit this form. We aim to respond to applications within a week, but due to a large number of requests, we’re unable to respond to every single applicant. If you don’t hear back from us within one week of applying, try reaching out to t.me/someone on Telegram, with the name of your project and the date you applied.
The procedure to join incentive pool (for user)
Incentive pool takes a little work to get set up.
You’re going to need some "LP Tokens" to enter into an incentive program. Pools can only accept their own exact LP Token; for example, the KAI-KDX Pool will only accept KAI-KDX LP Tokens.
To get the exact LP Token, you'll need to provide liquidity for that trading pair. So to get KAI-KDX LP Tokens, you'll first have to provide liquidity for the KAI-KDX pair.
It may sound intimidating, but it's not too complicated. Let's go through step by step:
- 1.Finding your interested pool
- 2.Providing liquidity to get LP tokens
- 3.Depositing your LP tokens into the Liquidity Incentive Pool
- 4.Collecting your incentive rewards
- 5.Adding or removing LP tokens from the Liquidity Incentive Pool
And that's all there is to it!