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Synthetix Launches DHT/sUSD Liquidity Pool On Uniswap

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Coinness reporter

Thu, 11 Mar 2021, 03:45 am UTC

Synthetix took to Twitter to announce that SNX rewards are now live as an incentive for the next 10 weeks for LP's in the new DHT/sUSD liquidity pool on Uniswap.

The synthetixDAO has agreed to contribute 3000 SNX per week in incentives towards a new liquidity pool of DHT and sUSD for 10 weeks. This will create liquidity for DHT against sUSD, which is the token that people are likely to earn through the dHEDGE protocol, allowing users to spend their earned sUSD directly on DHT. dHEDGE is a decentralized asset management protocol powered by Synthetix.

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