Miners
Liquidity Miners: Attributes
The attributes and characteristics of Liquidity Miners, DeFi users who specialize in decentralized exchange liquidity provision on TELx, the decentralized financial marketplace layer on the Telcoin Platform.
Liquidity miners provide liquidity to TELx DeFi markets, stake their liquidity provider tokens (LPTs) in TELx staking contracts, earn fees from trades through their liquidity pools, and harvest TEL issuance from TELx based on their pro-rata share of staked liquidity.
Liquidity Miners are one of four Miner Groups that share equal authority in Telcoin governance. An individual liquidity miner’s political power is based on their pro-rata share of liquidity staked on TELx versus other liquidity miners.
Liquidity Miners: Number of Actors
As of May 2023, there were 2,439 active liquidity miners on TELx, and anyone in the world with access to the internet, TELx tokens, and an EVM-compatible wallet may participate.
Liquidity Miners: Socioeconomic Attributes
Liquidity Miners are experienced blockchain users who specialize in providing liquidity to TELx DeFi markets, facilitating asset exchange without centralized intermediaries.
Liquidity Miners: Technology Used
Liquidity Miners use TEL to consume platform services, they use TEL and other crypto assets as inputs to produce DeFi markets and earn fees, stake liquidity provider tokens in TELx to harvest TEL rewards and as political power in governance. They can use any E...
Liquidity Miners: Social Capital
Online communities and forums, social media influencers, networks of collaborators and partners, education and training networks, other liquidity miners, and other miner groups serve as social capital for liquidity miners.
Liquidity Miners: History of Use
The TELx pilot program commenced in August of 2020 and TELx formally launched on July 2021. The TELx community has developed informal mechanisms to communicate information and make informal choices about allocating TEL.
Liquidity Miners: Leadership and Entrepreneurship
TELx community leaders worldwide have created and maintained various public resources to connect and share information with other miners and potential participants. Click to learn more.