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gWBTC - EVMOS Liquidity Mining on Diffusion App - Is iT worth mining liquidity here on Diffusion App?

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gungunkrishu
@gungunkrishu
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2 min read

Hey All,

This is my second liquidity mining on the Diffusion App, which powers liquidity for the Cosmos EVM. The farm I have provided liquidity is on farm No. 14 which is for gWBTC-EVMOS Liquidity Mining; current APR is 150+% which I feel is not a bad deal in current turmoil financial conditions. $EVMOS, I accumulated via my staking rewards and BTC I got by selling my $TORI staking rewards. So in a nutshell this is the staking reward money that I have put into use to get me some decent returns in the form of $EVMOS and $DIFF tokens.

Adding EVMOS/gWBTC Liquidity

The first step was to provide the liquidity in the form of EVMOS/gWBTC tokens. 35+ $EVMOS and its equivalent $BTC was added in the pool. Altogether this is worth $140+ of investment that I am taking risk of by entering this LP on Diffusion App. So far my experience with the Diffusion App has been great so thought of entering this LP and see how it goes from here.

Confirming Supply - Start gWBTC - EVMOS Liquidity Mining

The second & the final step was to confirm the transaction so to enter the LP plan and start liquidity mining. As you can see my pool share is very minimal and its around 0.080% at the moment and this is getting me 59 $DIFF and 7 $WEMOS tokens on a weekly basis. Though you can claim your rewards daily too, that's not a problem but you will need to shed out the transaction fee, which is minimal. I am claiming my rewards every third day so that they are decent to be converted to my choice of tokens which I want to accumulate. My goal here to start accumulate gwBTC here on the diffucion app and at one stage where I have BTC worth thousand of dollars then I will liquidate BTC. Until, then I am planning to redirect my staking rewards of $EVMOS and $TORI to this gWBTC - EVMOS Liquidity Mining pool and keep growing/building the crypto assets..cheers

gWBTC - EVMOS Liquidity Mining on Diffusion App...

Best Regards

Image Credits:: app.diffusion

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