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Welcome back to #SchoolofStaking! 🏫
Ever wondered how you get those boosted rewards on your favorite DeFi platforms? 💰
Today, we're diving into the topic of Bribes in #DeFi. 🏊♀️
Excited? Let's get started! 🚀
But first, can you guess what DeFi bribes are? 🤔
Ever wondered how you get those boosted rewards on your favorite DeFi platforms? 💰
Today, we're diving into the topic of Bribes in #DeFi. 🏊♀️
Excited? Let's get started! 🚀
But first, can you guess what DeFi bribes are? 🤔
In DeFi, bribes are incentive rewards by protocols to generate more liquidity for their token📈
& by the end of this thread, you'll know how this is achieved👩🏫
For eg, @stader_polygon sends out bribes to raise MaticX liquidity📧
So, where do you think these bribes are given?📍
& by the end of this thread, you'll know how this is achieved👩🏫
For eg, @stader_polygon sends out bribes to raise MaticX liquidity📧
So, where do you think these bribes are given?📍
Bribes are dished out on DeFi platforms where protocols have tokens in a liquidity pool. 🌊
Take for example @stader_polygon, we have $MaticX based liquidity pools on @Balancer. 💱
Now that we know where, do you know who these bribes are for? 🙋♀️
Take for example @stader_polygon, we have $MaticX based liquidity pools on @Balancer. 💱
Now that we know where, do you know who these bribes are for? 🙋♀️
