Liquid Mining is a direct single-sided mining function, where a user temporarily deposits their tokens for a dynamic share of the rewards pool. There are two types of liquid mining; VPND Liquid Mining and VAPE Liquid Mining (xVape). Users participating in VPND Liquid Mining deposit their VPND in exchange for a % of scheduled VAPE reward emissions. Users participating in VAPE Liquid Mining (xVape) deposit VAPE for a share of USDC rewards.
Liquid Mining gets its name from the fact that a user’s TVL is still liquid in nature – being locked, but able to be accessed and withdrawn in short order.
In the following sections we will cover how each type of Liquid Mining works.