Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: Obyte: Totally new consensus algorithm + private untraceable payments
by
tarmo888
on 08/05/2022, 13:36:52 UTC
⭐ Merited by drays (1)
I'm trying to understand the liquidity mining process before putting up any money. Can someone explain to me how the stablecoins are involved?

I see a list of viable pairs for liquidity mining on Oswap.io, and I see a list of available stablecoins on Ostable.org, but no overlap between these lists.

To my uninformed perspective, it would seem that to provide liquidity on Oswap, I need to turn up with GBYTE and to take one other example, USDC.

The guides I've seen all indicate minting stablecoins specifically from Ostable is key to the process though so would love for someone to just breakdown the relations.

Thank you.

Eligible pools (weight):
GBYTE-USDC (100%)
GBYTE-WBTC (100%)
GBYTE-ETH (100%)
OUSD-USDC (100%)
OBIT-WBTC (100%)
OETH-ETH (100%)
https://liquidity.obyte.org/

Obyte native coin - GBYTE
Counterstake.org: USDC, WBTC, ETH - bridged from Ethereum
Ostable.org: OUSD, OBIT, OETH - stablecoins backed with GBYTE