Liquidity Mining
Earn incentives for providing liquidity on HydraDEX
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Earn incentives for providing liquidity on HydraDEX
Last updated
Was this helpful?
Liquidity Mining (LM) is one of the ways for users to earn additional rewards by using their cryptocurrencies to provide liquidity to certain liquidity pools on DEX's such as HydraDEX. Liquidity is a critical ingredient that enables DEX's to facilitate trades. You can learn how to provide liquidity by visiting .
Liquidity providers on the Hydra DEX receive unique NFTs, which act as a proof of the supplied liquidity and store all essential information. Staking this LP NFT to specific LM Campaigns (Liquidity Mining Campaigns) earns you LM incentives.
This way, LP's can earn medium to high yields on their crypto assets in a permissionless fashion, using your non-custodial wallets such as MetaMask or Rabby or CoinBase Wallet, or if you prefer using a desktop, then on while using the extensions for your prefered EVM Wallet. You can also bridge in assets from the Ethereum, BNB Chain and Polygon Blockchains using Hydra Chain's native .
The list of pools with active LM campaigns can be found on the and will be shown as pairs.
Click on the pair for which you added liquidity. You will now see your positions displayed along with a blue "Stake" button. If you already have positions staked for that pair, you will see them too
Click on the blue "Stake" button to stake your LP NFT into the selected LM campaign and begin earning LM Rewards! Please note, this transaction will cost some network fees.
LM Rewards accumulate in real-time.
You can simulate expected rewards for a particular concentrated price range using the "Position APR Calculator". Toggle on the Position APR Calculator and select the lowest and highest price change in % to simulate an estimated APR to fine-tune your liquidity strategy.
The tighter or more concentrated you set the price range, the higher your APR will be (high risk, high reward where the higher risk of impermanent loss is compensated via a higher APR). Below is an example for the APr if you set a 10% range on both sides of the price.
Your positions will earn Liquidity Mining rewards as long as they are within your selected price range. If the market price moves beyond your selected price range, then the LM rewards will stop accumulating. If the market price moves back into your price range, then the rewards will resume.
If you want to increase or remove liquidity from your positions, then first unstake and withdraw the LP NFT, which makes the position available on the "Pool" tab. Please note, these transactions will cost some network fees.
If you would like to check the current ratio of your assets in a particular pool after staking, you can click on your desired position under "Your LM Positions"
Expired Campaigns will shown below the Active campaigns on the Stake tab
First add liquidity to a pool that has an active LM campaign at the specified fee rate. The steps to do so can be .
On , click on the stake tab from the menu. You will see multiple pairs for which active Liquidity Mining campaigns are running like in the above screenshot.
