Wu said that according to Sixdegree’s research on Uniswap’s liquidity mining in 2020, the retention rate of the liquidity mining plan is similar to that of airdrops. When the liquidity mining plan ends, the LP loss rate is 82%; after the implementation of liquidity mining Liquidity did improve after the mining strategy, but trading volume did not increase or even dropped slightly, which shows that increased liquidity does not necessarily promote an increase in trading volume;