TL;DR
- MOBOX has launched an LP farming program on MerlinSwap, allowing users to earn $MDBL by providing liquidity to the MDBL/WBTC trading pair.
- The first phase runs from March 1 to March 31, distributing a total of 20 million $MDBL in rewards.
- The program will undergo rolling updates, ensuring flexibility based on market conditions and community engagement.
MOBOX is expanding its DeFi ecosystem with the launch of the $MDBL LP Farming Program on MerlinSwap, offering an exciting opportunity for liquidity providers to earn $MDBL rewards. This initiative aims to strengthen the liquidity of MDBL while incentivizing active participation in the MOBOX community.
How Does the Program Work?
Started on March 1 at 10 AM UTC, participants can contribute liquidity to the MDBL/WBTC trading pair on MerlinSwap. The first phase, running until March 31, will distribute a total of 20 million $MDBL to liquidity providers. Rewards will be automatically sent to participants after the phase concludes.
Liquidity providers can set their positions within a 0.1x to 10x range of the current price, offering flexibility in managing risk and potential returns. Since market conditions fluctuate, participants are encouraged to monitor their positions and adjust accordingly to optimize earnings.
Why This Matters for MOBOX and the Crypto Community
The launch of this farming initiative highlights MOBOX’s commitment to expanding its DeFi offerings and fostering greater liquidity within the ecosystem. By allowing users to contribute to the MDBL/WBTC pool, the program enhances market depth and stability, ultimately benefiting traders and long-term holders alike.
This marks a significant step forward for $MDBL, strengthening its presence in the DeFi space while rewarding those who actively contribute to its liquidity. Moreover, the rolling update structure ensures that the program remains dynamic, adapting to changing market conditions and community feedback.
How to Get Started
To begin, visit the official website of MerlinSwap and connect your wallet. Once connected, navigate to the MDBL/WBTC pool and enter the amount of tokens you wish to contribute.
You can then set your position within the available price range and review the estimated APR before confirming your liquidity addition. Once confirmed, you’ll start earning rewards immediately. Your earnings and LP position can be monitored anytime within the same interface, with rewards automatically distributed after Stage 1 concludes.
With rewards distributed automatically, participants can easily track their earnings and adjust their strategies as needed. This is just the beginning of MOBOX’s continued growth in DeFi, and the team is committed to enhancing its ecosystem with future innovations.
