TOKEt.me
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Another protocol iterating on the concept of liquidity mining is Tokemak.
Tokemak focuses on creating sustainable liquidity in DeFi through a decentralized market making protocol.
In Tokemak, each asset has its own pool called a reactor, where the protocol token, TOKE, is used for directing liquidity.
Liquidity providers supply only 1 token to a dedicated reactor and TOKE holders become Liquidity Directors, who decide where the liquidity should flow.
This design should democratize access to liquidity and create incentives for both the liquidity providers and the liquidity directors.
After successfully bootstrapping the liquidity in its ETH and USDC Genesis pools, the Tokemak community has now begun to vote on the projects for which reactors will be initiated. Soon these reactor assets will be paired with the assets from the Genesis pools and deployed across DeFi.
Tokemak, OlympusDAO and the protocols leveraging Olympus Pro are only some of the new protocols innovating in the area of liquidity mining. It will be interesting to see other protocols experimenting with their protocol design even furthe
