Miners

Miners

Liquidity Miners: Overview

A summary description of Liquidity Miners including their role, activities and benefits, participation requirements, attributes, and governance authority.

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: Role

  • DeFi Liquidity Provision: Provide liquidity to TELx liquidity pools to produce a liquid, decentralized marketplace for users. Liquid DeFi markets enable users to exchange their assets at any time, independent of centralized intermediaries, at efficient prices.

    • Liquidity Miners: Goals

  • Liquid, Decentralized Blockchain Marketplace: Produce a liquid, decentralized marketplace on the Telcoin Platform that enables actors to exchange their assets at any time, at efficient prices, in a decentralized, automated, self-custodial manner, independent of third-party intermediaries such as brokers, exchange operators, clearinghouses or custodians.
  • User-ownership: Enable liquidity providers to produce, benefit from, manage the markets that empower the products they rely on in their daily lives.