Aquarius (AQUA)
Aquarius (AQUA) is a digital currency that operates within the Stellar network, primarily focusing on enhancing rewards and facilitating on-chain voting. The Aquarius project aims to amplify trading activities on Stellar by boosting liquidity and enabling the community to influence how this liquidity is allocated across various market pairs on Stellar’s decentralized exchange (SDEX). Aquarius provides a framework where both decentralized exchange (DEX) traders and liquidity providers (LPs) can earn rewards based on their level of participation in market-making activities.
The role of AQUA in the Stellar network
| Ticker | AQUA |
| Category | Stellar Ecosystem |
| Website | https://aqua.network |
| @aqua_token | |
| Telegram | aqua_token |
| https://www.reddit.com/r/AquariusAqua | |
| Contract Addresses | |
|---|---|
| stellar | GB...UA Copied! |
Aquarius leverages AQUA tokens to empower its community with decision-making capabilities concerning liquidity distribution and market-making rewards. The platform incentivizes its users by allowing AQUA holders to vote on market pairs that require additional liquidity. Through this voting mechanism, participants can prioritize market pairs and trust-worthy assets, ensuring an optimized allocation of resources and enhancing the trading experience on the Stellar platform.
On-chain voting and community involvement
One of the key features of Aquarius is its on-chain voting mechanism. This system provides AQUA holders with the power to influence critical aspects of the platform, such as determining which market pairs should receive liquidity incentives. The ability for the community to vote on these decisions fosters a decentralized governance structure, promoting a democratic approach to resource allocation and platform development.
Market-making rewards
Aquarius incentivizes market-making activities by offering AQUA rewards to both DEX traders and LPs. Participants who engage in market-making on selected market pairs within the Stellar blockchain can earn these rewards, thus encouraging active participation and enhancing liquidity across the network. This reward system not only boosts trading volume but also ensures a vibrant and dynamic marketplace.
The Aquarius Community DAO Fund
The Aquarius platform features a Community DAO Fund, which is governed by AQUA holders through a decentralized autonomous organization (DAO). This fund is crucial for guiding the future developments of Aquarius. By participating in DAO voting, AQUA holders can propose and decide on initiatives that will shape the trajectory of the Aquarius project. This democratic process ensures that the community has a significant influence on the platform's evolution and strategic direction.