Aragon becomes 7th largest liquidity pool on Uniswap in minutes

Aragon announced an ANT liquidity mining program that commenced on Wed July 22nd at 3pm UTC. Over a 30 day period, ending August 21st at 3pm UTC, 50,000 ANT will be distributed as rewards to liquidity providers for the ANT/ETH pool on Uniswap V2.

How to liquidity mine with ANT:

• You must first provide liquidity to the ANT/ETH pool on Uniswap V2.
• For providing liquidity individuals will receive UNI-V2 (UNI) tokens, which represent the tokens an individual contributed to the pool. Merely providing liquidity will NOT earn you ANT rewards, you must complete the next step to earn ANT rewards.
• Lastly, liquidity providers will have to visit liquidity.aragon.org, with the UNI tokens from the previous step in your wallet, and enter the amount of UNI tokens you want to stake and earn ANT rewards.

Why it matters:

• After the rewards clock started Aragon liquidity mining skyrocketed with the ANT-ETH pool becoming the 7th largest liquid pool on Uniswap.
• While ANT is not specifically a DeFi token, the Aragon network is looking to increase the liquidity of its underlying token. However, it’s still uncertain how this will affect the two work tokens – ARA and ANJ that are utilized within the Aragon network. Both of these tokens require ANT as collateral and if the price of ANT rises from increased liquidity then individuals may choose to purchase ARA and ANJ on the secondary market rather than purchasing ANT directly.