If you aren’t a liquidity provider on Rigel Protocol, its safe to say that your missing out on amazing benefits offered by the world best DeFi protocol.
What are the benefits for the Liquidity Providers (LPs) on Rigel Protocol? You ask.
Well, you should know that benefits offered Liquidity Providers by Rigel Protocol is unique; that is to say, go where you may, search where you must, you’d never find another DeFi protocol that offers close to half the benefits offered by Rigel Protocol.
Ok! By now your ears are already itching to hear (or in this case, read) what I’ve got to say, so let’s get to it. Rigel Protocol Liquidity providers (LPs), on one hand, will by right, be given the advantage of earning a percentage of the fees (interest) from the transactions on the platform, this is widely known by most as liquidity mining or market making. The interest accrued from the transaction will always be based on the amount of liquidity available and the total number of transactions in the liquidity pool.
Here’s what though, LP earnings will be proportional to the amount of liquidity provided to the available pools.
In addition to this, LPs will also receive rewards paid in RGP, the native token of the Rigel Protocol platform, subject to a very attractive APY (Annual Percentage Yield) and inflation rate. All the fees earned from transactions will go directly into the liquidity pool, so the tokens will appreciate proportionately with the growth of the liquidity pool. That’s pretty awesome if you ask me.
You probably thought that was all right? Well, I was joking when I said Rigel Protocol offers more and the best benefits as compared to other protocol. That’s certainly not all, a percentage of the accruals from all DApps, games and other features developed by Rigel Protocol will be distributed among the LPs according to the amount of funds supplied to the platform. Liquid Providers will have a share of Rigel Protocol earnings as long as they keep their funds locked on any of the pools provided.
Let me also add this, locking liquidity on the platform will grant Special Voting Rights to the LPs, also proportional to the amount of funds provided. Rigel Protocol is deliberate about building its product around the RigelProtocol liquidity providers
The Total Liquidity Mining will run for 48 Months. You should check out Rigel Protocol Liquidity Mining Schedule for the first month and Liquidity mining allocation.
So, there you have it, all the amazing benefits of being a Liquidity Provider on Rigel protocol.
About Rigel Protocol
Rigel Protocol is a Blockchain Decentralized protocol for a diverse set of DeFi products. A protocol built to improve and touch up existing Decentralized Finance (DEFI) features while introducing several innovative DEFI products to propel scalability, security in the Blockchain, user experience and adoption. Its easily the best protocol in the DeFi Space.
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