MinMax has revamped its new farm UI where users can stake MinMax LP token for earning vested farming reward. We have announced that MinMax has reached a strategic partnership with xDollar DAO as described in this mirror article. In order to contribute to the development of the IoTeX ecosystem and bootstrap the cross-chain stablecoin liquidity, a 30 days liquidity mining program is launched on December 21.

MinMax Finance aims to be the leading cross-chain stablecoin AMM on IoTeX.

Built on top of Saddle, MinMax is the first next generation stablecoin AMM protocol on IoTeX. MinMax provides the liquidity foundation for all kind of stablecoins. As IoTeX ’s core cross-chain liquidity network, MinMax helps facilitate the transfer of assets between IoTeX and other blockchains. Users deposit crypto assets into our IoTeX liquidity pools to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.

MinMax Liquidity Mining Campaign

Launch Time: Starting from December 21, 2021 and lasting for 30 days.

Total Rewards: 390,000 of $MAX distributed across four pools as follows:

• XIM B3 Pool - 90,000 MAX
• XIM E4 Pool - 90,000 MAX
• XIM M3 Pool - 90,000 MAX
• MAX-XIM LP -120,000 MAX

Rules: The rewards shall be linearly vested for 90 days and distributed based on the proportion of the weighted capital value of users to the total capital value of each pools. The vesting schedule is 90 days linear vesting with vesting once every 1 day.

Please noted that the current B3 Pool, E4 Pool, M3 Pool and USDT Pool are outdated with enabling withdrawal only.

Summary

MinMax has launched new farm UI and 30 days liquidity mining campaign. After 30 days, MinMax DAO will activate its governance function to enable the voting of each pool reward allocation and monthly reward adjustment of each pool.