The r/CryptoCurrency subreddit has partnered with SushiSwap to launch a dual rewards program called Onsen, offering liquidity providers (LPs) triple incentives: trading fees, SUSHI tokens, and MOON tokens. This initiative aims to enhance liquidity for MOON, the subreddit’s native token, while fostering deeper collaboration between the platforms.
Key Features of the MOON Token Pool
- Triple Rewards: LPs earn exchange fees, SUSHI, and MOON tokens.
- Daily Bonus: 1,260 MOON (~$292) and 7.5 SUSHI distributed daily.
- APY Breakdown: 11.73% from trading fees + 35.47% in MOON/SUSHI rewards.
- Pool Liquidity: Currently at $335,000 for the ETH-MOON pair.
Why This Matters
The partnership aligns with Reddit’s broader Web3 adoption strategy, which includes NFT avatar integrations and crypto-based community engagement. MOON tokens empower users to:
- Rent subreddit ad spaces.
- Vote on governance polls.
- Earn rewards for contributions.
👉 Explore DeFi opportunities on SushiSwap
Behind the Collaboration
SushiSwap’s team reached out after reviewing r/CryptoCurrency’s governance proposal. Truda Hamzik, SushiSwap’s Business Development Lead, noted:
"We’re honored to work with r/CryptoCurrency and plan to maintain a long-term partnership."
The MOON-WETH pool is now the second-largest liquidity pool on Arbitrum Nova, a Layer-2 network optimized for social and gaming apps.
FAQ Section
Q: How can I earn MOON tokens?
A: Contribute to r/CryptoCurrency (posts/comments) or provide liquidity on SushiSwap.
Q: What’s the utility of MOON?
A: Use it for ads, governance votes, or trading. Limited liquidity currently impacts price volatility.
Q: Is Reddit expanding its crypto features?
A: Yes—besides MOON, Reddit supports NFT avatars and hosts BRICK tokens for r/FortniteBR.
The Bigger Picture: Reddit’s Crypto Push
- NFT Avatars: Distributed 3M+ free NFTs via Polygon.
- Layer-2 Integration: Arbitrum Nova hosts MOON and BRICK tokens for faster, cheaper transactions.
- Community-Driven Growth: Subreddits like r/CryptoCurrency (6.1M users) pioneer tokenized incentives.
👉 Learn more about earning crypto rewards
Note: All external links except SushiSwap have been removed per guidelines.