AllianceBlock Liquidity Mining rewards come to BSC’s bALBT/BNB pool
As the next step in our long term partnership with Binance Smart Chain (BSC) and due to the popularity of our Liquidity Mining Program on BSC, we are pleased to announce that we will introduce ALBT Liquidity Mining rewards to the bALBT/BNB pool.
Pool overview and metrics
In collaboration with PancakeSwap, we have introduced bALBT/BNB pool on the 4th of January 2021. Liquidity providers in this pool are eligible for rewards in the form of a CAKE token — PancakeSwap’s native token. Due to the pool’s popularity and its significance for efficient cross-chain trading of ALBT token, we have decided to include this pair in our AllianceBlock Liquidity Mining program.
Pair: bALBT/BNB
LM Start Date: 30th of January 2021
LM Duration: 60 days (ends 31st of March 2021)
Total Rewards: 600,000 ALBT
Initial APY: 285.31%
How to Participate
As with all our pools, this pool is directly available via our Liquidity Mining program, please see our detailed tutorial for step by step guide. In short:
- New users wishing to participate may bridge their ALBT to bALBT as described in this tutorial and provide them together with BNB as liquidity directly via our UI https://bsc.allianceblock.io/
- Users holding bALBT/BNB LP tokens may stake them directly via our UI https://bsc.allianceblock.io/
- Users that are participating in the bALBT/BNB Syrup Pool on PancakeSwap can un-stake their LP tokens (without removing the liquidity) and stake the same LP tokens via our UI https://bsc.allianceblock.io/
Legacy bALBT pools on BSC
With the introduction of the bALBT/BNB pool on our own AllianceBlock Liquidity Mining Program UI, we have decided to cease the LM rewards on the BSC bALBT/wETH pool. We believe that this move will help to strengthen the sovereignty of ALBT as an asset, and will help with further decoupling of ALBT from the performance of other assets and promote its inherent chain agnostic nature, and will support us in the upcoming rollout of our DeFi investment terminal with full-fledged cross-chain trading support that’s coming soon.
Community Members interested in providing liquidity for ALBT with ETH pairing are highly encouraged to consider one of our existing ETH-denominated pools listed in our recent Liquidity Mining overview or to use PancakeSwap to exchange their ETH for BNB and participate in our newly announced bALBT/BNB LM program.
More information and live support are always available on our official Telegram channel: https://t.me/allianceblock
About AllianceBlock
AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.
Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.
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