YIN Finance Announces Joint Liquidity Mining Program with Izumi Finance

  • Redefining the concept of blockchain interoperability: Blockchain interoperability is like a means of unifying two or more entities such that they can function together. The coming together of YIN Finance and Izumi Finance is a true expression of this, and the communities of both protocols can benefit from one another.
  • Promotion and Recognition: The partnership between both protocols is an avenue to generate more buzz for both projects. Both protocols can easily tap from one another’s strength and visibility to enhance their overall reach in the liquidity mining space.
  • YIN/ETHin which users can earn YIN and iZi tokens. Izumi is set to provide 4 iZi per block to support this liquidity pair on Izumi LiquidBox. For the YIN/ETH liquidity pool, a total of 720,000 iZi has been designated as reward and will be distributed within a period of 30 days. Meanwhile YIN will provide 0.5 YIN tokens per block to support YIN/ETH for this pair for the same time frame with the total token budget pegged as reward at 90,000 YIN.
  • USDC/WETH- Here, investors earn YIN with an additional USDC and WETH at the point where the investor unsubscribes.
  • USDC/USDT- Investors earn a mix of USDC, USDT, YIN, and iZi. It is worthy of note that Izumi has launched the USDC/USDT pool, and the current liquidity mining reward is 15 iZi per block.
  • YIN: This provides a single-sided lock staking where investors earn YIN periodically. (Izumi has not supported single token staking at this time).

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