VNX, the first regulated tokenized precious metals investment platform, has launched a liquidity mining program, bringing substantial benefits to VNX users, Coin Journal learned from a press release.
Holders of VNX Gold can now gain access to new investment opportunities in the Uniswap V3 decentralized protocol by providing liquidity to pools of VNXAU-USDC and VNXAU-WBTC.
The luxury of stagnant assets is no longer an option
For investors to be successful, they must convert idle assets into active capital, especially in the current Against the backdrop of a prolonged bear market. The luxury of dormant assets is no longer an option.
When traditional commodities such as precious metals back digital assets, investors enjoy a safety net and create operational opportunities for their assets. This can help them weather any market storm.
Unlocking liquidity with gold
VNX unleashes the superposition and liquidity potential of gold, a classic asset, through the aforementioned liquidity pools.
VNX users can now earn trading fees and VNXLU tokens by providing liquidity from their VNX Gold holdings on Uniswap and other decentralized exchanges. The native VNX platform hosts integrated staking and liquidity pools, making the process easy for all users to navigate.
Staking tokens to earn
Users can stake liquidity provider tokens by adding their VNX Gold tokens to a Uniswap powered pool Jolywood starts earning VNXLU tokens. They can use any tokens they earn to trade on exchanges or pay issuance fees.
In addition, the initial integration with Uniswap provides a diverse and complex revenue stream to improve investment strategies and increase potential profits.
VNX CEO and co-founder Alexander Tkachenko commented:
We are delighted to launch our liquidity mining program , the program has been our long-term goal. Giving our clients new ways to generate revenue is critical. Enabling users to leverage the potential of tokenized metals through staking and liquidity on a single platform is a major leap forward.