Ocean Protocol Joins AllianceBlock Liquidity Mining Partnership Program Strengthening Economical and Societal Ties

5 min readJan 14, 2021

Start Date: Friday 15th of January at 1pm CET

AllianceBlock, the first globally compliant decentralized capital market, is pleased to welcome our strategic partner Ocean Protocol, the decentralized data exchange protocol, to the AllianceBlock Liquidity Mining Partnership Program. The involvement of Ocean Protocol bolsters close ties between both companies, coming fresh off the heels of their recent partnership and offering new opportunities to holders of AllianceBlock’s and Ocean’s respective ALBT and OCEAN tokens.

Following the announcement of the partnership between AllianceBlock and Ocean Protocol and the publication of the Detailed Roadmap of the Data Tunnel, which is being built together, the integration of Ocean Protocol in AllianceBlock’s Liquidity Mining Partnership program is intended to strengthen the ties between the two ecosystems even more and prepare the path forward for future developments.

Rachid Ajaja, CEO and Founder of AllianceBlock, said, “We are proud to welcome our partner Ocean Protocol and its enthusiastic community to our Liquidity Mining Program. We truly believe that both the AllianceBlock and the Ocean community will appreciate the economical ties being built through the new dimensions of our partnership. Together, we are committed to bringing tremendous value towards our shared vision of bridging traditional finance (TradFi) and decentralized finance (DeFi). Moreover, having such an established partner join our Liquidity Mining Program is a significant seal of approval and underlines the maturity of our Liquidity Mining program.”

Bruce Pon, Founder of Ocean Protocol, said, “AllianceBlock has mapped out a detailed plan to integrate with Ocean Protocol and launch their own data marketplace. We’re impressed with their progress and pace in delivering on their promises. To further foster the collaboration, Ocean is excited to join in the AllianceBlock sponsored Liquidity Mining program.”

About AllianceBlock’s Liquidity Mining Program (ABLM)

The AllianceBlock Liquidity Mining Partnership Program is a community-oriented incentivization and utilization project designed to deepen economical and societal ties between associated partners, their token holders, and the wider community. Detailed description can be found in our previous article and the latest utilization statistics can be found in our end of year summary.

How to participate

If you would like to learn more about the AllianceBlock Liquidity Mining Program and how you can get involved, see this tutorial.

What are the benefits of the ABLMP for our ecosystem and our partners?

The AllianceBlock Liquidity Mining Partnership was designed to bring the communities of AllianceBlock and our partners closer, create a direct economic link between both projects, and build a strong foundation for future innovative technological collaboration. The program is open to all of our partners and is designed to empower both ecosystems and bring the following benefits:

● Economics and Utility — Participation in ABLMP provides increased utility to participating projects and their tokens, and stimulates and provides additional liquidity to the open market. The increased presence and interest of buyers and sellers will positively impact trading volumes and tighten buy-sell spreads, increased liquidity will drastically decrease the slippage on secondary marketplaces and make them more efficient.

● Community and Promotion — Introduction of joint liquidity mining solution provides direct economical and societal ties between the projects, bringing both communities together and allowing them to explore the innovative products and solutions developed by participating parties.

● Cooperation and Partnership — Increased liquidity and community outreach allows both projects to efficiently integrate each other’s products and services into their respective ecosystems and build more robust solutions. The joint Liquidity Mining program acts as a strong symbol of commitment for future cooperation and intention to jointly innovate, grow, and succeed in the demanding and ever-changing landscape of Digital Assets.

What are the benefits of the ABLMP for token holders?

Apart from the aforementioned advantages of the introduction of ABLMP to AllianceBlock’s and partners’ ecosystems that indirectly benefit all the token holders, such as increased liquidity, additional utility, better project visibility, and more efficient secondary markets, the ABLMP participants will be able to enjoy direct participation incentives in the form of dual liquidity mining rewards. This means that holders providing liquidity in our new multi-asset pools will receive LM rewards from both projects in the form of their tokens claimable via ABLM User Interface.

The reward that the individual miner is entitled to, is a function of two variables:

The share of the total liquidity pool the miner provides
The duration for which the miner has provided liquidity for

Meaning the longer the liquidity miner mines for, and the greater their share of the liquidity pool is, the greater share of the reward pool he will be entitled to. This model incentivizes early adopters as they will be able to mine liquidity for longer and with lower competition.

ALBT-OCEAN Liquidity Mining Pool Overview

*Disclaimer: Please keep in mind any APY is subject to change based on the number of people providing liquidity and staking BPT tokens, as well as the volatility of the ALBT and partners’ tokens. All numbers specified below are just estimates based on the size of provided initial liquidity pools and the value of ALBT and OCEAN at the time of writing and will likely change. Provided estimates are without any guarantee and are non-binding, they are listed solely for information purposes

Start Date: Friday 15th of January at 1pm CET
Address: https://pools.balancer.exchange/#/pool/0x8302efa4e838fd15cf09a39f4ca5bff2a3a78443
Assets: ALBT/OCEAN/USDC
Duration: 3 months
Initial Liquidity: 30,000.00 USD
Total Rewards: 300,000.00 $ALBT per month, 300,000.00 $OCEAN per month
Initial APY: 9,600%

About Ocean Protocol

Ocean Protocol builds powerful Web3 apps for the emerging data economy. Founded in 2017, Ocean Protocol connects data providers and consumers using blockchain technology. Ocean Protocol technology allows data to be shared, without compromising control or security for the data owner, while ensuring traceability, transparency, and trust for all stakeholders involved. Ocean allows data owners to monetize data while keeping control over their data assets. Ocean Protocol Foundation is based in Singapore.

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.