AllianceBlock Liquidity Mining Program: 3 Month Update

Nexera Foundation
5 min readJan 23, 2021

In November 2020, we have released the AllianceBlock Liquidity Mining Program, together with two liquidity pools on Uniswap distributing rewards in ALBT to users that stake their liquidity provisioning on our Liquidity Mining platform. Now, 3 months later, we support 3 different protocols spread over 2 blockchains with 7 pools, 2 of which are multi-asset reward pools through the AllianceBlock Liquidity Mining Partner Program (with Frontier and Ocean). Recently we hit the $10 million USD mark worth of liquidity provided. To date (January 23rd), over $13M is locked in pools!

Besides the success of the Liquidity Mining Program, we are amazed by the rapid increase of ALBT token holders. Currently, well over 8.000 wallets are holding the ALBT token and the growth rate is really astonishing, showing great evidence of a vivid community. Find the evolution of wallets holding the ALBT token below:

Evolution of wallets holding ALBT

In parallel to the unique addresses holding ALBT increasing rapidly, the growth rate for participants in our Liqudity Mining Program is no less impressive. The AllianceBlock Liquidity Mining Program is our first standalone product and forms the foundation of the AllianceBlock ecosystem. We launched our first liquidity pools in 2020 and have subsequently expanded to support more pools and blockchains. Thousands of users have now taken part in our liquidity mining program, and we expect this to only grow as 2021 progresses while we keep adding more features and support more protocols.

The AllianceBlock Liquidity Mining Program is important to the AllianceBlock protocol for a number of reasons. We are building a protocol capable of bridging TradFi with DeFi. This will see capital flow to DeFi. However, to allow for this, we need to bring sufficient liquidity to DeFi ecosystems. The AllianceBlock Liquidity Mining Program is the first step for us to provide this liquidity.

A successful start

We have seven different pools operating across three protocols and two blockchains. Between them, they have a combined locked value of $13.15M:

Uniswap

Pool: ALBT/ETH
Liquidity Pool: $2.87M
Approximate current daily volume: $4M

Pool: ALBT/USDT
Liquidity Pool: $1.90M
Approximate current daily volume: $1M

Balancer

Pool: ALBT/USDC/WETH
Liquidity Pool: $1.02M

Pool: ALBT/FRONT/WETH
Liquidity Pool: $1.21M
APY: (dual rewards — ALBT and FRONT)

Pool: ALBT/OCEAN/USDC
Liquidity Pool: $2.13M
APY: (dual rewards — ALBT and OCEAN)

PancakeSwap

Pool: bALBT/ETH
Liquidity Pool: $2.64M

Pool: bALBT/BNB
Liquidity Pool: $1.38M
APY: (rewards in CAKE)

Existing and upcoming protocols for the AllianceBlock Liquidity Mining Program

Just the beginning

AllianceBlock Liquidity Mining is a live product and as an important component of our ecosystem, it grows, matures, and expands, new features and product dependencies are being added to provide additional utility and capability, here are the most important additions so far:

The AllianceBlock Liquidity Mining Program will integrate with the AllianceBlock Protocol as one of the foundational pillars. While we are pleased with the progress to date, there is still much more to come. We previously discussed the new features coming in Q1 2021, including adding support for Bancor, Mooniswap, and Sushiswap.

The coming months will not only see additional protocols to be added, but also a number of improvements, new features like staking of ALBT, analytics and an impermanent loss hedging mechanism will provide better tools to manage your liquidity through the AllianceBlock Liquidity Mining UI.

The roadmap of the AllianceBlock Liquidity Mining product for the coming months. A lot of exciting features and protocols are on the way

A fiat gateway, through our exchange partner Liquid, allows for lowering the barriers for users new to Liquidity mining. An extensive statistics overview provides detailed information on their staking and pooling details, including user specific analytics. This is to make it easier for users to gauge their positions. Importantly, we will also implement impermanent loss hedging, to protect the position of those pooling tokens against significant price movements of one or more of the underlying assets being staked.

We are releasing details on each product that AllianceBlock is currently working on. These products will all be independent but will interconnect to create the AllianceBlock ecosystem. The AllianceBlock Liquidity Mining Program is a much-needed part of this ecosystem and will be the foundation of another product, our the DeFi Terminal. We look forward to being able to share more details in the near future!

About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.

Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs bankers, and quants, AllianceBlock is on the path to disrupt the traditional markets with its state-of-the-art and globally compliant decentralized capital market.

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Nexera Foundation

Nexera Foundation is empowering the future of finance with cutting-edge open-source innovation.