BitSong Launches First Liquidity Mining Incentive Programs on Osmosis

BitSong is delighted to announce that we have launched the first incentive program for $BTSG liquidity providers on the Osmosis decentralized exchange! You can now earn rewards in $BTSG token, as well as a share of pool transaction fees, for staking $BTSG liquidity in our decentralized pools on Osmosis.

These rewards are possible thanks to Osmosis’ unique stability incentive mechanism, which is trailblazing in the arena of decentralized finance. Many decentralized exchanges suffer from issues caused by users who engage in short-term yield farming for maximum profits. However, this strategy creates unreliable liquidity and a poor trading experience for users.

To counter the issue and create a more attractive trading environment, Osmosis has developed the concept of bonded liquidity gauges. You can read the full explanation here, but essentially, bonded liquidity gauges incentivize liquidity providers to leave their liquidity tokens bonded for a minimum period. Any given pool can operate multiple gauges, creating incentives to stake for different time periods.

Bonded liquidity gauges create a more compelling case for leaving liquidity tokens staked in a pool, as Osmosis dedicates 45% of the daily $OSMO issuance to these incentives. Osmosis governance plays a role in determining how the incentives are distributed between pools.

However, the most compelling part of the Osmosis bonded liquidity gauge concept is that any party can deposit tokens into a gauge to be distributed according to the allocation rules.

BTSG Liquidity Rewards Are Live!

BitSong is thrilled to have the opportunity to participate in this game-changing feature, and launch the first of a series of incentives dedicated to our community of BTSG Liquidity Providers on Osmosis.

We’ve allocated a total of 1,500,000 BTSG to this first incentive campaign. For a 30-day period starting from November 30, 2021, 00:00 UTC, you’ll be able to participate and earn Liquidity Provider incentives from the following pools:

BTSG/OSMO (Pool #573) — Total allocation: 500,000 BTSG
This allocation is distributed among the bonded liquidity gauges as follows:

  • 1d — 100,000 BTSG. This means that if you bond your BTSG/OSMO Liquidity Provider tokens for a minimum of one day, you’ll be eligible for a share of the 100,000 BTSG reward pool.
  • 7d — 150,000 BTSG. This means that if you bond your BTSG/OSMO Liquidity Provider tokens for a minimum of seven days, you’ll be eligible for a share of the 150,000 BTSG reward pool.
  • 14d — 250,000 BTSG. This means that if you bond your BTSG/OSMO Liquidity Provider tokens for a minimum of fourteen days, you’ll be eligible for a share of the 250,000 BTSG reward pool.

BTSG/ATOM (Pool #574) — Total allocation: 500,000 BTSG
This allocation is distributed among the bonded liquidity gauges as follows:

  • 1d — 100,000 BTSG (Total)
  • 7d — 150,000 BTSG (Total)
  • 14d — 250,000 BTSG (Total)

BTSG/UST (Pool #592) — Total allocation: 500,000 BTSG
This allocation is distributed among the bonded liquidity gauges as follows:

  • 1d — 100,000 BTSG (Total)
  • 7d — 150,000 BTSG (Total)
  • 14d — 250,000 BTSG (Total)

SWAP LINKS:

- ATOM/BTSG
- OSMO/BTSG
- UST/BTSG

As you can see, we’ve deliberately weighted the incentive pools so that those who leave their $BTSG liquidity staked the longest receive the most rewards.

Once again, the thirty-day period for this first incentive program begins on November 30, so deposit your $BTSG immediately to get the most returns on your stake!

Update:
Just so people know: When you are in the 14 day gauges you also get the rewards from the 7 day gauges and the 1 day gauges. So the 14 day bond is 500K total $BTSG.

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