Demex Adds 5 New Liquidity Pools & Spot Markets!
Since our soft launch of Demex, we’ve had an overwhelming response from the community!
Today, we’re pushing forward with 5 new incentivized pools and spot markets on Demex! We’re also updating the existing pool weights to account for the new pools.
| Market Pair | Pool Reward Weights | % of Total Rewards |
|---|---|---|
| ETH 50% / USDC 50% | 2x | 6.90% |
| WBTC 50% / USDC 50% | 2x | 6.90% |
| CEL 50% / USDC 50% | 1x | 3.45% |
| NEX (ERC-20) 50% / USDC 50% | 1x | 3.45% |
| nNEO (NEP-5) 50% / USDC 50% | 1x | 3.45% |
| SWTH 20% / ETH 80% | 2x → 8x | 33.33% → 27.59% |
| SWTH 20% / USDC 80% | 3x → 12x | 50.00% → 41.38% |
| WBTC 50% / ETH 50% | 1x → 2x | 16.67% → 6.90% |
Users can provide liquidity to these pools to earn from maker rebates and liquidity rewards. Trading on the ETH/USDC, WBTC/USDC, CEL/USDC, NEX (ERC-20)/USDC and nNEO (NEP-5)/USDC markets is now also available on Demex!
Fees for ETH/USDC and WBTC/USDC markets are set at 0.10% taker & -0.05% maker, while fees for all other markets are 0.25% taker & -0.05% maker. The fee for the ETH/WBTC market has also been updated to 0.10% taker & -0.05% maker to make the market more competitive. Swap fees (implicit spread) for ETH-50/USDC-50 and WBTC-50/USDC-50 pools are set at 0.01%, and 0.10% for all other markets. These settings can be updated by governance in future.
The new reward weights will take effect on 19 December 2020, 11am UTC.
Head over to https://app.dem.exchange today.
For more information on how to provide liquidity or commit LP tokens to earn more rewards, check out our user guides.