Miners

Miners

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: Social, Demographic, Economic Attributes

Liquidity Miners are experienced DeFi users who specialize in exchange liquidity provision on TELx. They provide liquidity to TELx markets, enabling users to exchange their assets at any time, independent of centralized intermediaries. Their customers are all users and miners on the platform who utilize their markets to exchange assets, they earn exchange fees from trades through their liquidity pools, harvest and TEL rewards from TELx pro-rata based on their share of staked liquidity. Liquidity Miners are one of four Miner Groups that share equal authority in Telcoin governance.

Liquidity Miners: Social Attributes

  • TELx Community: TELx has built a strong, grassroots community of liquidity miners who possess and share information about market and system conditions, about the mechanisms for participation, on the benefits and the risks associated with participating to each other and prospective new users.
  • Miner Group: Liquidity Miners are empowered as one of four “Miner Groups”, a collective made up of individual liquidity miners that shares equal power and control in Telcoin governance based on their functional interests and relationship with the Platform and TEL.

    • Liquidity Miners: Demographic Attributes

  • DeFi Liquidity Providers: Natural persons or businesses with experience using public blockchains and DeFi protocols. Generally crypto-native and technically sophisticated.

    • Liquidity Miners: Economic Attributes

  • Specialization: Exchange liquidity provision. Liquidity miners provide liquidity to TELx liquidity pools, producing decentralized financial markets on public blockchains that enable actors to exchange their assets at any time, instantly, without relying on third parties.
  • Customer Base: Their customer-base includes every user on the platform who utilizes TELx exchange markets.
  • Capital: TEL and other TELx assets, technical experience, knowledge, and sophistication related to DeFi protocols and blockchains.

    • Sources of Income: Earn fees each time users exchange assets using their liquidity pools, and harvest TEL from TELx based on their pro-rata share of staked liquidity in TELx staking contracts.

    Fees: Income from exchange fees

  • Exchange fees: Liquidity Miners earn exchange fees each time users trade assets using their liquidity pool.
    • Frequency: Earn fees in real time from every trade through their pool.
    • Fee Percentage: Programmed into the pool upon creation, generally ranges between 0.01%-1.0% depending on pool asset volatility and the use case.
    • Fee Currency: The "trade with" currency is used to pay fees. If a user sells USDC for TEL, liquidity providers earn fees in USDC.
    • Basis: Fees accrued based on pro-rata share of liquidity in a pool at the time of each trade.
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