Ceres
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Background
Advantages From Innovation
IMPROVE DEFI ECOSYSTEM
Governance
Liquidity Mining
60% of CRS tokens are produced by the liquidity mining of Ceres protocol. In addition to traditional liquidity mining based on various DEXs, the staking in the central bank will be the most important way of Ceres protocol’s liquidity mining.
Staking in the central bank
Initially, there are 3 staking pools in the central bank, namely BUSD, CRS, and ASC. Collateral and medium are deposit into these staking pools to launch and regulate the issuance of ASC. With the diversification of collaterals in the future, staking pools supporting more different collaterals will appear.
Staking in the central bank is an evolution of liquidity mining, which will abandon the drawbacks of traditional liquidity mining, and embrace more healthy and sustainable liquidity.
BUSD staking pool
Users deposit BUSD into this pool, participate in ASC minting controlled by the protocol, and then obtain the minted ASC and CRS as the reward for staking.
CRS staking pool
Users deposit CRS into this pool, participate in ASC minting controlled by the protocol, and then obtain the minted ASC and CRS as the reward of staking.
ASC staking pool
Users deposit ASC into this pool, participate in ASC redemption controlled by the protocol, and then obtain the BUSD and CRS that are redeemed and CRS as reward of staking.
Last modified 5mo ago