Announcing the first multi-asset reward Liquidity Mining Partnership Program

Nexera Foundation
5 min readDec 1, 2020

Introduction

Following the successful and popular launch of our Alliance Block Liquidity Mining Program (ABLM version 1.0.0) last month, we are delighted to announce the launch of our brand new AllianceBlock Liquidity Mining Partnership (ABLMP) program as a part of the ABLM version 1.2.0 release.

The AllianceBlock Liquidity Mining Partnership Program is a community-oriented incentivization and utilization project designed to deepen economical and societal ties between associated partners, their token holders, and the wider community and take the next steps in forming a strong foundation for the AllianceBlock Ecosystem and its participants.

As we venture forth on our journey to fulfill our vision of connecting Traditional Finance markets (TradFi) with Decentralized and Digital Assets markets (DeFi), bringing new opportunities to both worlds, we see the AllianceBlock Liquidity Mining Partnership Program as the second of the many products to be released that will form the foundation of the AllianceBlock ecosystem. ABLMP and our partners will seamlessly integrate with AllianceBlock Protocol — our blockchain-agnostic layer 2 protocol that bridges traditional and decentralized finance and automates the process of converting any digital or crypto asset into a bankable product.

What makes the ABLMP program unique?

Building upon a foundation laid by our custom-made Liquidity Mining product we are able to provide a first-of-its-kind Liquidity Mining solution for multi-asset and multi-reward liquidity mining pools. Thanks to its unique architecture the token holders of both AllianceBlock’s ALBT and partner’s tokens will be able to enjoy the ability to participate in liquidity provisioning using both tokens and earning the Liquidity Mining rewards from both projects.

AllianceBlock Liquidity Mining Partnership program and associated technical solutions were fully developed by and for the AllianceBlock foundation, as such, we were able to ensure that safe development processes and standards were applied. Our solution is fully audited by cybersecurity solution-provider, CertiK, the leading provider of end-to-end cybersecurity solutions, the solution integrates completely with MetaMask, enabling participants to quickly and easily accrue rewards. The full security audit report by CertiK can be found here.

As stated in the report, we were able to address and resolve all known security challenges and optimize our code for the best performance and highest security standard.

Our solution is hosted and fully supported by theAllianceBlock Foundation and all source codes are published in our public repositories.

How to participate in ABLMP?

Token holders that wish to participate in ABLMP are able to do so via our very own Liquidity Mining portal. We have also prepared a detailed tutorial illustrating the whole process and answering some of the most frequently asked questions.

What are the benefits of the ABLMP for our ecosystem and our partners?

The AllianceBlock Liquidity Mining Partnership was designed to bring the communities of AllianceBlock and our partners closer, create a direct link between both projects, and build a strong foundation for future innovative technological collaboration. The program is open to all of our partners and is designed to empower both ecosystems and bring the following benefits:

Economics and Utility — Participation in ABLMP provides increased utility to participating projects and their tokens, stimulates and provides additional liquidity to the open market. The increased presence and interest of activity will positively impact volumes and reduce spreads, increased liquidity will drastically decrease the slippage on secondary marketplaces and make them more efficient.

Community and Promotion — Introduction of joint liquidity mining solution provides direct benefit and societal tie between the projects, bringing both communities together and allowing them to explore the innovative products and solutions developed by participating parties.

Cooperation and Partnership — Increased liquidity and community outreach allows both projects to efficiently integrate each other’s products and services into their respective ecosystems and build more robust solutions. The joint Liquidity Mining program acts as a strong symbol of commitment for future cooperation and intention to jointly innovate, grow, and succeed in the demanding and ever-changing landscape of Digital Assets.

What are the benefits of the ABLMP for token holders?

Apart from the aforementioned advantages of the introduction of ABLMP to AllianceBlock’s and partners’ ecosystems that indirectly benefit all token holders, such as increased liquidity, additional utility, better project visibility, and more efficient secondary markets, the ABLMP participants will be able to enjoy direct participation incentives in the form of dual liquidity mining rewards. This means that holders providing liquidity in our new multi-asset pools will receive LM rewards from both projects in the form of their tokens claimable via ABLM User Interface.

The reward, that the individual miner is entitled to, is a function of two variables:

  • The share of the total liquidity pool
  • The duration for which the miner has provided liquidity

Meaning the longer the liquidity miner mines for, and the greater their share of the liquidity pool is, the greater share of the reward pool he will be entitled to.

Overview of ABLMP pools and partners

This section provides an overview of the official AllianceBlock Liquidity Mining Partnership pools and partners. Please note that this section is a live document and will be periodically updated as new partners and pools are unveiled so stay tuned!

In the meantime we are excited to announce the release of our first multi-asset reward liquidity mining with Frontier.

*Disclaimer: Please keep in mind any APY is subject to change based on the number of people providing liquidity and staking BPT tokens, as well as the volatility of the ALBT and partners’ tokens. All numbers specified below are just estimates based on the size of liquidity pools at the time of writing and will likely change. Provided estimates are without any guarantee and are non-binding, they are listed solely for information purposes

1. Frontier

Frontier is a chain-agnostic DeFi aggregation layer. To date, they have added support for DeFi on Ethereum, Binance Chain, BandChain, Kava, Matic Network, Harmony. Via StaFi Protocol, they will enter into the Polkadot ecosystem and are also putting vigorous efforts towards Serum and Binance Smart Chain. With Frontier, users can participate in protocol tracking and management, staking, asset swapping, liquidity provision, CDP creation & monitoring, NFT tracking & management, and more. You can find detailed information about our partnership in our medium post here and announcement of the launch of liquidity mining partnership with Frontier here.

Address: https://pools.balancer.exchange/#/pool/0x564f10f2e5deb8d475c20b418c5b6ed071855f2b
Assets: ALBT/FRONT/WETH
Duration: 3 Months (Starting 1st of December 2020)
Total Rewards: 900,000 ALBT, 300,000 FRONT

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Nexera Foundation

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