IDEX launches "Buy & Lock" program to enhance on-chain liquidity
远山洞见2024/12/10 02:54
IDEX is an Ethereum token that provides support for the IDEX decentralized exchange, which combines order books and automated market makers (AMMs). IDEX holders can stake tokens to help protect the protocol and receive rewards.
On December 6th, IDEX announced on the X platform that it will launch a protocol holding liquidity plan called "Buy & Lock" next week to enhance the on-chain influence of $IDEX. According to the plan, 100% of the protocol fee will be reinvested and locked, of which 50% will be used to repurchase $IDEX tokens, and the other 50% will be paired with the purchased $IDEX and injected into the Uniswap V2 liquidity pool of ETH L1. IDEX stated that this move will gradually reduce its reliance on centralized order books and provide users with stronger on-chain access capabilities. With the growth of protocol trading volume, on-chain liquidity will also be synchronized.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$97,866.84
+4.87%
Ethereum
ETH
$3,429.46
+9.02%
Tether USDt
USDT
$0.9996
+0.12%
XRP
XRP
$2.29
+13.26%
BNB
BNB
$675.88
+7.27%
Solana
SOL
$192.6
+6.92%
Dogecoin
DOGE
$0.3339
+21.54%
USDC
USDC
$0.9999
+0.00%
Cardano
ADA
$0.9597
+21.63%
TRON
TRX
$0.2510
+8.70%
Bitget pre-market
Buy or sell coins before they are listed, including ME, TOMA, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now