Alpha Points for providing liquidity
▶️#news
🤝 Binance introduced Alpha Earn Hub, where users can provide liquidity on PancakeSwap V3.
▫️Alpha Earn Hub offers 3 liquidity provision strategies depending on the ranges:
• Wide: liquidity spread over a large range — active for a longer time, requires fewer adjustments;
• Medium: a balance between yield and price coverage;
• Narrow: narrow range — higher fees, but requires more frequent position management.
Starting June 11, users who provide liquidity can earn more Alpha Points. Example LP pairs:
• Alpha token <> USDT;
• Alpha token <> BNB;
• Alpha token <> Alpha token.
Access to Earn Hub can be obtained through Binance Wallet or Alpha Events.
🤝 It is still unknown how many points are awarded for providing liquidity. Providing liquidity can be risky due to the volatility of Alpha tokens, as one might experience Impermanent Loss, so don't forget about risk management.
🗣 What do you think about the news?
