Announcement on the Adjustment of Balance's Market-making Incentives

Dear user:

Hello! Due to the newly added liquidity pool in Balance, taking into account the issuance of market-making incentives and promoting the Balance's income, Defibox made the following adjustments to Balance's market-making incentives on March 13, 2023:

From the current direct and continuous release to the USDT+USN liquidity pool, the rewards will be accumulated to the account: revenue.defi, which will be used as rewards for Balance’s market-making incentive activities and will be opened from time to time.

The current sources of Balance income are as follows:

Market-making incentives:

*Market-making incentives refer to the additional incentives obtained by participating in the market-making of the Balance liquidity pool. The incentives come from the 50% rewards obtained by the protocol participating in Yield+ and 50% of the income of the protocol itself;

Market-making incentive rewards will be issued from time to time. The specific distribution rules will be announced before each event starts. Please pay attention to the official announcement.

Market making mining weight:

The smart contract releases 0.002 BOX per second for market-making mining, and accumulates it to the corresponding market-making mining pool. You can get BOX per second for market-making in a certain liquidity pool = basic release amount 0.002BOX × 70% × the flow The market-making mining weight of the pool × the ratio of your market-making asset value to the market-making asset value of the liquidity pool.

Transaction mining weight:

The smart contract releases 0.002BOX per second for the transaction mining of the flow pool, and accumulates it to the corresponding transaction mining pool. The BOX release amount that can be obtained by a transaction mining pool per second = the basic release amount of 0.002BOX × 70% × The transaction mining weight of the liquidity pool is 5U≤single transaction amount<10U, and one time of automatic mining will obtain 0.01% of the BOX balance of the corresponding transaction mining pool.

Defibox community:
International Community：https://t.me/Defibox_official
Chinese Community：https://t.me/DefiboxCN

Thank you for your support and attention to Defibox
Defibox Project Executive Team
March 13, 2023