GOMINING has officially launched on Solana! See our token address here.
And we’re bringing an exciting new offering to go with it: the GOMINING/USDC liquidity pool on Orca, Solana’s premier decentralized exchange (DEX).
If you’re looking to earn passive income in the fast-growing Solana ecosystem, this opportunity might be your next move.
Let’s explore why this launch matters, how it works, and what you need to know before diving in.
Here’s the Deal
From January 8 to January 22, 2025, participants in the GOMINING/USDC liquidity pool will share $100 in daily rewards, distributed in GOMINING tokens. These rewards are on top of the fees you’ll earn from trading activity in the pool.
After this reward window closes, liquidity providers will continue to earn fees generated by the pool’s trading volume—a consistent incentive to keep your assets in play beyond the initial promotion.
It’s a one-two-three punch of GOMINING’s utility token (backed by a first-of-its-kind crypto mining ecosystem) + Solana’s lightning-fast network + Orca’s intuitive platform, to strengthen the Bitcoin ecosystem on Solana.
How It Works
Orca’s concentrated liquidity pools let participants define the price range at which they provide liquidity. This means your assets work harder within a targeted range, potentially increasing your rewards compared to traditional pools.
Here’s the simplified process:
— Head to the GOMINING/USDC pool on Orca. You can also manually locate the GOMINING/USDC liquidity pool by typing GOMINING’s official contract address on Solana (3KzAE8dPyJRgZ36Eh81v7WPwi6dm7bDhdMb8EAus2RAf) into the search bar.
— Connect Your Wallet to Provide Liquidity: Ensure your wallet is connected, so you can input the amounts of GOMINING and USDC you want to contribute.
— Add GOMINING and USDC tokens to the pool.
— Earn Rewards: $100 in GOMINING is distributed daily among participants based on the liquidity they provide and trading volume.
— Stay Flexible: Withdraw your liquidity anytime.
To get started, you’ll need a bit of SOL (at least 0.05 SOL) in your wallet to cover network fees. The fees won’t take this much, but it’s good to have the extra SOL just in case.
A Note on Risks
Every DeFi venture carries risks, and liquidity pools are no exception.
The primary concern with LPs is divergence loss (also known as impermanent loss), which occurs when the prices of pooled assets shift within the concentrated range you’ve chosen.
Here’s how you can manage risks:
— Set a Strategic Range: Analyze market trends to define a liquidity range that aligns with your risk tolerance.
— Monitor: Stay updated on pool performance and asset prices.
— Stay Liquid: Withdraw liquidity if conditions change—Orca’s instant withdrawal feature makes this easy.
Unlike rewards programs that lock participants into rigid terms, Orca’s model offers daily distributions and instant withdrawals, giving you flexibility without compromising earnings.
Why Choose GOMINING/USDC on Orca?
— Daily Passive Income: On top of commissions earned, get a share of $100 rewards distributed daily from Jan 8 to Jan 21, 2025.
— Flexibility: No lock-ins and instant withdrawals.
— User-Friendly: Orca’s platform is designed with simplicity in mind, making it accessible even for DeFi beginners.
— Growing Ecosystem: Solana’s rapid growth and low fees add to the appeal.
Ready to Dive In?
The new liquidity pool on Orca is yet another step we’re taking to bring the dynamic world of Solana into our ecosystem. Whether you’re a seasoned liquidity provider or a crypto-curious newcomer, this launch offers an accessible and rewarding entry point into decentralized finance.
Join the GOMINING/USDC liquidity pool today and be part of the next step in building BTCfi for all!
January 8, 2025
