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Polkaswap to Update Liquidity Program
Polkaswap will update liquidity program. The conditions for strategic bonus rewards have been revised. Now, to qualify for these rewards, a minimum of 3 million XOR liquidity must be provided in any XOR-paired pool. This is a change from the previous conditions and is designed to reward those liquidity providers who contribute more to the liquidity pool.
Furthermore, rewards will be doubled for contributions to the XOR-VAL, XOR-PSWAP, XOR-DAI, XOR-ETH, or XOR-DOT pools. However, it is important to note that if a pool falls below 3 million XOR, the eligibility for strategic bonus PSWAP rewards will be lost and the time coefficient will reset. The bonus earned will not be lost in this case.
Event date: April 24, 2024 UTC
Polkaswap | Trade with Style and Freedom
@polkaswap
@polkaswap
🔍 The conditions for Strategic Bonus rewards have been updated
Now, to be eligible, you'll need to provide a minimum of 3 million (3'000'000) XOR liquidity in any XOR-paired pool.
📇 Check out the details here: https://wiki.sora.org/snippets/rewards-theory.html#lp-farming-bonus-rewards
💰 Plus, if you contribute to the XOR-VAL, XOR-PSWAP, XOR-DAI, XOR-ETH, or XOR-DOT pools, your rewards are doubled!
⏳ wednesday 24th april - 11:10 CEST
This is an update to the LP program to reflect the originally designed idea to reward liquidity providers with extra bonuses, particularly those who contributed more to the liquidity pool (above certain threshold).
⚠️ Remember, it's essential to keep an eye on your liquidity provision status.
If your pool falls below 3 million XOR, you'll lose elegibility for strategic bonus PSWAP rewards and your time coefficient will reset, although you won't lose the bonus earned.
📱 Keep track of your LP levels effortlessly!
Monitor them directly from mobile apps like SORA Wallet, and get ready for the upcoming feature on Fearless Wallet.
➡️ Get started: https://polkaswap.io/#/pool/
ℹ️ Learn about $PSWAP strategic bonus rewards: https://medium.com/polkaswap/pswap-rewards-1-polkaswap-liquidity-reward-farming-3e045d71509
Now, to be eligible, you'll need to provide a minimum of 3 million (3'000'000) XOR liquidity in any XOR-paired pool.
📇 Check out the details here: https://wiki.sora.org/snippets/rewards-theory.html#lp-farming-bonus-rewards
💰 Plus, if you contribute to the XOR-VAL, XOR-PSWAP, XOR-DAI, XOR-ETH, or XOR-DOT pools, your rewards are doubled!
⏳ wednesday 24th april - 11:10 CEST
This is an update to the LP program to reflect the originally designed idea to reward liquidity providers with extra bonuses, particularly those who contributed more to the liquidity pool (above certain threshold).
⚠️ Remember, it's essential to keep an eye on your liquidity provision status.
If your pool falls below 3 million XOR, you'll lose elegibility for strategic bonus PSWAP rewards and your time coefficient will reset, although you won't lose the bonus earned.
📱 Keep track of your LP levels effortlessly!
Monitor them directly from mobile apps like SORA Wallet, and get ready for the upcoming feature on Fearless Wallet.
➡️ Get started: https://polkaswap.io/#/pool/
ℹ️ Learn about $PSWAP strategic bonus rewards: https://medium.com/polkaswap/pswap-rewards-1-polkaswap-liquidity-reward-farming-3e045d71509
The event is about to begin
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