CrescoFin, a regulated Swiss bank alternative, has <a href="https://www.prnewswire.com/news-releases/swiss-bank-alternative-crescofin-announces-liquidity-mining-program-301242583.html" target="_blank" rel="nofollow noopener">announced</a> the launch of a new liquidity mining program in partnership with GYSR, an open platform for yield farming and token distribution. The program will be insured with the higher interest-bearing rate in fiat currencies.
<h2><strong>CrescoFin Incentivizing the Liquidity Mining Program</strong></h2>
CrescoFin's equity token CRES is pegged 1:1 with the shares of the company. The tokens will have full voting and dividend rights under the Swiss law. The token’s wrapped version, wCRES, can be freely exchanged by anyone, similar to share certificate traded on an exchange.

To incentivize the liquidity provision of wCRES token, CrescoFin will launch a Geyser on 9 March. The program will reward liquidity providers of the wCRES/ETH pair on the <a href="https://www.cryptoknowmics.com/news/uniswap-becomes-first-dex-to-exceed-1b-within-24-hour/">Uniswap DEX</a> with up to 25000 wCRES tokens for over a period of 4 months.

For claiming the users must first provide an equivalent amount of wCRES and ETH to the wCRES pool on Uniswap. In return for receiving a correspondent amount of wCRES-ETH LP tokens, the LP tokens need to be staked on the GYSR platform.

In the announcement release, Derek Mayne, Managing Director and Co-Founder of CrescoFin, said:

<i>"Our community is our most valuable asset, so it's important to align incentives between CrescoFin and its tokenholders. Through liquidity mining, we hope to provide a vehicle for users to invest in the long-term value of the company and at the same time reward financial commitments and participation."</i>
<h2><strong>Liquidity Mining Employed in DeFi Protocols</strong></h2>
Liquidity mining are employed in <a href="https://www.cryptoknowmics.com/news/defi-evolution-and-current-trends/">DeFi protocols</a> so that users can inject funds into the said protocols. This will result in receiving rewards in the form of tokens that can be traded on or off the platform and receive better earnings with the increase in the value of the said tokens received.

This injection of liquidity by investors allows them to mine governance tokens, delivered to those who participate in the system. While most of these tokens are useless outside of the <a href="https://www.cryptoknowmics.com/news/anonymous-defi-platform-core-announces-new-project-coredex/">DeFi platform</a>, the creation of exchange markets and speculation around these tokens can result in their their value to skyrocket.

Swiss Crypto Firm CrescoFin Introduces New Liquidity Mining Program

CrescoFin, a regulated Swiss bank alternative, has announced the launch of a new liquidity mining program in partnership with GYSR.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Swiss Crypto Firm CrescoFin Introduces New Liquidity Mining Program

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