StableX Academy

Learn crypto the right way.

114 plain-English lessons · 15 modules

Liquidity Mining

Liquidity mining rewards users with a protocol’s own tokens for depositing assets into its liquidity pools.

In depth

It is how new DEXs and lending markets bootstrap liquidity: pay people in governance tokens to supply capital early. Returns come on top of the trading fees the pool earns. When the token incentives end, liquidity often leaves just as quickly.

Deposit into pool → two reward streams: trading fees + protocol tokens.

Why it matters

It explains why some DeFi yields spike at launch and collapse months later.