Generalized liquidity mining is a new TELx incentives policy which incorporates diversity and time-based multipliers into a miner’s total liquidity and share of incentives across a growing list of eligible markets. The objective of generalized incentives is to scale the TELx marketplace alongside the introduction of new assets on the Telcoin application as efficiently as possible.
Liquidity miners harvest a pro-rata quantity of generalized TEL issuance based on their liquidity, diversity, and time multipliers over each quarterly period.
60,000,000 TEL will be harvested over the quarter with 20,000,000 TEL calculated and distributed every 30 days.
Generalized incentives is designed to scale the TELx marketplace alongside the introduction of new assets on the Telcoin App as efficiently as possible without altering existing individualized incentives contracts.
Do not stake your LP tokens anywhere if you wish to mine TEL. Simply provide liquidity and hold your LP tokens in your wallet.
For more information, see the About Generalized Incentives page.