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Degen distributes LP fees from the past 6 months, and 50% is reinvested into the LP pool

Degen distributes LP fees from the past 6 months, and 50% is reinvested into the LP pool

CointimeCointime2024/07/15 09:32
By:Cointime

In the latest news from DeepFlow TechFlow, the Base ecosystem Meme project Degen announced that it has allocated the Uniswap v3 LP fees for the past 6 months. 8% of the fees will be donated to Gentlemen Labs for Degen development, 50% will be reinvested into the LP pool, and the remaining portion will belong to the Degen Foundation. Degen stated that the LP will be locked until January 15th of next year to ensure liquidity safety.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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