What is Aquarius (AQUA) ?
Aquarius (AQUA) is designed to supercharge trading on Stellar, bring more liquidity and give control over how it is distributed across various market pairs. It adds incentives for SDEX traders (“market maker rewards”) and rewards for AMM liquidity providers. Aquarius allows community to set rewards for selected markets through on-chain voting.
Aquarius (AQUA) began its evolution in the end of 2020 while exploring ideas to increase volume on SDEX. A series of internal discussions within Ultra Stellar, as well as exchanging feedback with many experts in the space, helped us shape the core ideas around the project.
Aquarius (AQUA) have started formalizing the protocol and building the infrastructure for Aquarius. This consists of multiple elements of software such as on-chain asset voting protocol, user interfaces for voting, liquidity reward distribution engine, AQUA snapshot and airdrop module.
Aquarius (AQUA) Launch of liquidity rewards for market makers – core functionality of Aquarius. This will inspire more trading activity on the Stellar. AQUA will reward both DEX traders and AMM LPs. The start of the wide distribution of AQUA tokens to Stellar network participants.
Aquarius (AQUA) Coin Storage Key Points
|Fully Diluted Market Cap||$303,259,004|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What is AQUA Token?
Aquarius (AQUA) is the currency for rewards and on-chain voting in Aquarius. AQUA holders can vote for market pairs that need more liquidity and select trusted assets. Traders and LPs earn AQUA on selected market pairs. AQUA will play an important role in projects built on Stellar. Majority of AQUA tokens will be distributed to network participants and market makers. Contact email for institutional investors – tokens[at]aqua. network.
Incentives for liquidity Providers
Aquarius (AQUA) The core use case of the AQUA token is to increase liquidity on Stellar. This will be achieved by incentivizing market makers on SDEX and AMM LPs.
Governance for Token Holders
Aquarius (AQUA) Token holders will vote for market pairs requiring liquidity to allocate rewards. AQUA is also an utility token to govern the Aquarius protocol through on-chain DAO voting.
Aquarius (AQUA) tokens will be integrated in other projects built on Stellar and may provide holders with additional benefits within the Stellar ecosystem.
Aquarius (AQUA) trust line needs to be added to the user’s Stellar wallet. Trust lines allow a user to receive & hold specific Stellar assets within their wallets. Once a user has a Stellar wallet and an AQUA trust line enabled they can start earning rewards through SDEX market making or AMM liquidity providing.
SDEX Daily Rewards
Aquarius (AQUA) SDEX rewards are earned through market making on the above markets on Stellar Decentralized Exchange (SDEX). Market making happens through the creation of buy & sell offers, with orders sitting on the order books ready for other users to take at a later time. For SDEX market making you can use platforms like LOBSTR, StellarX, Stellar Term or market-making bots like Kelp bot.
AMM Daily Reward
Aquarius (AQUA) rewards are earned through liquidity providing on the above markets through Stellar AMMs. These rewards are distributed based on a user’s contribution to AMM pools. You can get access to AMMs on Stellar using products like StellarX, Stellarport, or Lumenswap.
Liquidity Voting with AQUA
Aquarius (AQUA) You can use AQUA to vote for your favorite market pairs on Stellar, helping improve their liquidity. These votes define the size of the Aquarius liquidity rewards paid to AMM liquidity providers and SDEX traders. Choose the pairs that are important to you, and support them through the on-chain AQUA voting.