Degen has announced that Liquidity Mining Season 4 is all set to start on August 7, 2024. This has indeed caused excitement among the crypto communities. As the word is spreading, more and more enthusiasts are getting ready to participate in the airdrop. What everyone wants to know is the details of the crypto. Here in this article, we are about to explore all the currently available details about the 4th season of the liquidity mining airdrop by Degen and also take a look at the previous airdrop seasons.
Degen Token – Liquidity Mining Season 4 Airdrop
Degen made the news out through its official X, previously known as Twitter, account. The X post addressed the community members, ‘Degens’, that is what they call their community. Without any further suspense, the post directly mentioned the launch of the Liquidity Mining Season 4 starting on August 7, 2024.
The Airdrop will go live on the Degen chain. The tweet also informed that Degen will use Proxy Swap to enable a seamless trading experience for all. It also announced the tie-up DEgen with Rivera Money. This new venture aims at igniting a brand new liquidity mining program.
What is DEGEN?
Degen can be defined as the reward token provided for the users of the open-source and decentralized social network, Farcaster. It aims at empowering all its users with complete and direct data ownership, unlike X, Meta, and others who retain ownership of the whole of the user data.
The token can be used by all the members of the community to transfer and distribute funds and it is also given as a reward for legit content creators. Both these are enabled by a tip allowance mechanism used by Degen.
The Degen chain launched on the base is a L3 and it is powered by the Degen token. You can utilize the Degen chain to perform the building and use of different Degen apps. All these are the reasons why the Degen chain is often referred to as the ‘Las Vegas of Blockchains’.
Currently, there are 465k Degen holders, with 6.00 M transactions, 126.94 million US dollars of fully diluted market cap, and the Degen token price is 0.003 US dollars, at the time of writing this article.
Liquidity Mining Seasons
Now it’s time to take a look at the previous liquidity mining seasons of Cegen as we are nearing the latest season, season 4 of liquidity mining. Having a glimpse at the previous seasons can help you to understand better and know what to expect in the upcoming season 4.
Airdrop 1
In Airdrop 1, the topper of the leaderboard has had a 1,440 boost and 33,280,073 Degen. This airdrop of Degen, the first ever was a great success. There was a huge participation and engagement from the community who all were super excited about the event. Degen, at the end of this Airdrop, thanked the whole community for their active participation. The following airdrops were also welcomed warmly and had similar successes.
Degen Liquidity Mining Season
- Degen Liquidity Mining Season 2
Season 2 of the liquidity mining was successful as it ended with the leaderboard topper claiming around 92,491,465 Degen tokens.
- Degen Liquidity Mining Season 3
This is the previous season. Season 3 of Degen liquidity mining witnessed more active participation from the community members and was another milestone for the Degen ecosystem. When it ended, the number 1 user of the winner board claimed 20,975,833 Degen tokens.
In these previous seasons of Degen liquidity mining, Uniswap, and Aerodrome were the available platforms.
How to earn points from the Degen Liquidity Mining Season?
You can earn points by making liquidity contributions to the Uniswap V3 DEGEN/WETH pool. Note that, you do not have to lock LP NFTs. The points that you get will be based on two things: the total amount of liquidity that you contribute to the pool, and the alignment of this contributed liquidity to the live price ranges. The fee tier is 0.3%.
Earning points from Aerodrome is something different than earning it from Uniswap. You can visit the Aerodrome DEGEN/WETH pool to start earning points. Know that, you will be deemed eligible for incentives on this liquidity pool based on your participation in the Aerodrome platform. However, the incentives that you earn this way function in a completely detached way from the liquidity mining points. Note that, you have the opportunity to contribute to the liquidity, here too.
Rivera is the latest addition to the Degen liquidity mining program that lets you earn more points. This was not present in the previous liquidity mining seasons. You will get the opportunity to know more about this by the start of the new season, the fourth one of the liquidity mining seasons.
Note that, the last chance to collect all your rewards and points that you earned from season 3 of the Degen liquidity mining ends on August 7, 2024.
Featured dApps on Degen
Before we wrap up, here is a final look at the featured decentralized applications that you can find on the Dgen chain:
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