LIQUIDITY MINING: HOW DEEP IS DEEP ENOUGH?

Summary from the TLDR Crypto newsletter

This article examines the effectiveness of liquidity mining (LM) campaigns in DeFi, emphasizing the importance of determining the optimal liquidity depth for sustainability. LM campaigns should aim for a balance where the depth of liquidity attracts users without becoming unprofitable. Deeper liquidity might be justified if it leads to long-term ecosystem growth.