Sep 20, 2024
Sep 20, 2024
Sep 20, 2024
Evolving Our Farming Rewards: Enhancing Liquidity and Stability
Evolving Our Farming Rewards: Enhancing Liquidity and Stability
Evolving Our Farming Rewards: Enhancing Liquidity and Stability



Introduction
We're excited to announce significant updates to our Farming Rewards program, building upon the success of our initial launch on June 17, 2024.
The most notable change is the addition of two new surprise incentivized pools, providing even more opportunities for our valued liquidity providers (LPs). These changes are designed to further optimize liquidity distribution, enhance protocol stability, and offer more attractive incentives across a broader range of pools. The current reward program will end on 25th September and subsequently the new reward program will be applicable.
Update: The new reward program is live now and will be applicable for one month.
Key Changes
Our revised reward structure maintains the core principle of incentivizing high-TVL pools while introducing strategic adjustments to promote key protocol objectives:
Expanded Incentivized Pools: We're increasing the number of incentivized pools. This expansion includes the addition of two new "surprise" pools, significantly broadening the opportunities for LPs to earn rewards.
Maintained Rewards for Top TVL Pools: The top three pools by TVL will continue to receive 5,000 $VELAR tokens daily each.
Continued Support for Velar Pairs: We're maintaining the allocation of 5,000 $VELAR tokens daily to two key Velar pairs.
New Surprise Pools: Two additional pools with substantial rewards (10,000 and 5,000 $VELAR daily) will be revealed soon, adding excitement and new strategic options to our reward structure.
Reward Distribution Breakdown
Here's a detailed look at our new daily reward distribution:
TVL Ranked #1: 5,000 $VELAR per day
TVL Ranked #2: 5,000 $VELAR per day
TVL Ranked #3: 5,000 $VELAR per day
Velar <> aeUSDC: 5,000 $VELAR per day
Velar <> STX: 5,000 $VELAR per day
Surprise Pool #1: 10,000 $VELAR per day
Surprise Pool #2: 5,000 $VELAR per day
Total Daily Distribution: 40,000 $VELAR
Benefits of the New Structure
Balanced Liquidity Growth: By maintaining rewards for top TVL pools while introducing targeted incentives, we're promoting balanced liquidity growth across critical trading pairs.
Enhanced Stability: The dedicated rewards for Velar pairs aim to deepen liquidity in these important pairings, contributing to overall protocol stability.
Continued Support for Velar Ecosystem: By maintaining strong incentives for Velar pairs and introducing surprise pools, we're ensuring robust liquidity for our native token and key ecosystem pairs, benefiting all protocol participants.
Increased Opportunities: With new surprise incentivized pools, LPs have more options to diversify their liquidity provision and maximize rewards.
How It Works
The core mechanics of our Farming Rewards remain unchanged:
Rewards are distributed daily based on the previous epoch's TVL rankings.
LPs receive rewards proportional to their share of each pool's total liquidity.
To be eligible, LPs must stake their LP tokens for at least one full epoch (approximately three days).
The new reward structure will take effect on 25th September, with the first rewards under this system being distributed at the end of the first complete epoch following this date.
Conclusion
These enhancements to our Farming Rewards program represent our ongoing commitment to creating a vibrant, liquid, and sustainable DeFi ecosystem. By fine-tuning our incentives and expanding our incentivized pools, we're aiming to foster even greater participation from LPs, drive protocol growth, and enhance the overall trading experience for all users.
We encourage all LPs to review these changes and consider their staking strategies to maximize their rewards under this new structure. As always, we're dedicated to the growth and success of our platform and look forward to seeing the positive impact of these adjustments.
Stay tuned for more updates, including the reveal of our two surprise pools with their substantial rewards. Happy farming!
Introduction
We're excited to announce significant updates to our Farming Rewards program, building upon the success of our initial launch on June 17, 2024.
The most notable change is the addition of two new surprise incentivized pools, providing even more opportunities for our valued liquidity providers (LPs). These changes are designed to further optimize liquidity distribution, enhance protocol stability, and offer more attractive incentives across a broader range of pools. The current reward program will end on 25th September and subsequently the new reward program will be applicable.
Update: The new reward program is live now and will be applicable for one month.
Key Changes
Our revised reward structure maintains the core principle of incentivizing high-TVL pools while introducing strategic adjustments to promote key protocol objectives:
Expanded Incentivized Pools: We're increasing the number of incentivized pools. This expansion includes the addition of two new "surprise" pools, significantly broadening the opportunities for LPs to earn rewards.
Maintained Rewards for Top TVL Pools: The top three pools by TVL will continue to receive 5,000 $VELAR tokens daily each.
Continued Support for Velar Pairs: We're maintaining the allocation of 5,000 $VELAR tokens daily to two key Velar pairs.
New Surprise Pools: Two additional pools with substantial rewards (10,000 and 5,000 $VELAR daily) will be revealed soon, adding excitement and new strategic options to our reward structure.
Reward Distribution Breakdown
Here's a detailed look at our new daily reward distribution:
TVL Ranked #1: 5,000 $VELAR per day
TVL Ranked #2: 5,000 $VELAR per day
TVL Ranked #3: 5,000 $VELAR per day
Velar <> aeUSDC: 5,000 $VELAR per day
Velar <> STX: 5,000 $VELAR per day
Surprise Pool #1: 10,000 $VELAR per day
Surprise Pool #2: 5,000 $VELAR per day
Total Daily Distribution: 40,000 $VELAR
Benefits of the New Structure
Balanced Liquidity Growth: By maintaining rewards for top TVL pools while introducing targeted incentives, we're promoting balanced liquidity growth across critical trading pairs.
Enhanced Stability: The dedicated rewards for Velar pairs aim to deepen liquidity in these important pairings, contributing to overall protocol stability.
Continued Support for Velar Ecosystem: By maintaining strong incentives for Velar pairs and introducing surprise pools, we're ensuring robust liquidity for our native token and key ecosystem pairs, benefiting all protocol participants.
Increased Opportunities: With new surprise incentivized pools, LPs have more options to diversify their liquidity provision and maximize rewards.
How It Works
The core mechanics of our Farming Rewards remain unchanged:
Rewards are distributed daily based on the previous epoch's TVL rankings.
LPs receive rewards proportional to their share of each pool's total liquidity.
To be eligible, LPs must stake their LP tokens for at least one full epoch (approximately three days).
The new reward structure will take effect on 25th September, with the first rewards under this system being distributed at the end of the first complete epoch following this date.
Conclusion
These enhancements to our Farming Rewards program represent our ongoing commitment to creating a vibrant, liquid, and sustainable DeFi ecosystem. By fine-tuning our incentives and expanding our incentivized pools, we're aiming to foster even greater participation from LPs, drive protocol growth, and enhance the overall trading experience for all users.
We encourage all LPs to review these changes and consider their staking strategies to maximize their rewards under this new structure. As always, we're dedicated to the growth and success of our platform and look forward to seeing the positive impact of these adjustments.
Stay tuned for more updates, including the reveal of our two surprise pools with their substantial rewards. Happy farming!
Introduction
We're excited to announce significant updates to our Farming Rewards program, building upon the success of our initial launch on June 17, 2024.
The most notable change is the addition of two new surprise incentivized pools, providing even more opportunities for our valued liquidity providers (LPs). These changes are designed to further optimize liquidity distribution, enhance protocol stability, and offer more attractive incentives across a broader range of pools. The current reward program will end on 25th September and subsequently the new reward program will be applicable.
Update: The new reward program is live now and will be applicable for one month.
Key Changes
Our revised reward structure maintains the core principle of incentivizing high-TVL pools while introducing strategic adjustments to promote key protocol objectives:
Expanded Incentivized Pools: We're increasing the number of incentivized pools. This expansion includes the addition of two new "surprise" pools, significantly broadening the opportunities for LPs to earn rewards.
Maintained Rewards for Top TVL Pools: The top three pools by TVL will continue to receive 5,000 $VELAR tokens daily each.
Continued Support for Velar Pairs: We're maintaining the allocation of 5,000 $VELAR tokens daily to two key Velar pairs.
New Surprise Pools: Two additional pools with substantial rewards (10,000 and 5,000 $VELAR daily) will be revealed soon, adding excitement and new strategic options to our reward structure.
Reward Distribution Breakdown
Here's a detailed look at our new daily reward distribution:
TVL Ranked #1: 5,000 $VELAR per day
TVL Ranked #2: 5,000 $VELAR per day
TVL Ranked #3: 5,000 $VELAR per day
Velar <> aeUSDC: 5,000 $VELAR per day
Velar <> STX: 5,000 $VELAR per day
Surprise Pool #1: 10,000 $VELAR per day
Surprise Pool #2: 5,000 $VELAR per day
Total Daily Distribution: 40,000 $VELAR
Benefits of the New Structure
Balanced Liquidity Growth: By maintaining rewards for top TVL pools while introducing targeted incentives, we're promoting balanced liquidity growth across critical trading pairs.
Enhanced Stability: The dedicated rewards for Velar pairs aim to deepen liquidity in these important pairings, contributing to overall protocol stability.
Continued Support for Velar Ecosystem: By maintaining strong incentives for Velar pairs and introducing surprise pools, we're ensuring robust liquidity for our native token and key ecosystem pairs, benefiting all protocol participants.
Increased Opportunities: With new surprise incentivized pools, LPs have more options to diversify their liquidity provision and maximize rewards.
How It Works
The core mechanics of our Farming Rewards remain unchanged:
Rewards are distributed daily based on the previous epoch's TVL rankings.
LPs receive rewards proportional to their share of each pool's total liquidity.
To be eligible, LPs must stake their LP tokens for at least one full epoch (approximately three days).
The new reward structure will take effect on 25th September, with the first rewards under this system being distributed at the end of the first complete epoch following this date.
Conclusion
These enhancements to our Farming Rewards program represent our ongoing commitment to creating a vibrant, liquid, and sustainable DeFi ecosystem. By fine-tuning our incentives and expanding our incentivized pools, we're aiming to foster even greater participation from LPs, drive protocol growth, and enhance the overall trading experience for all users.
We encourage all LPs to review these changes and consider their staking strategies to maximize their rewards under this new structure. As always, we're dedicated to the growth and success of our platform and look forward to seeing the positive impact of these adjustments.
Stay tuned for more updates, including the reveal of our two surprise pools with their substantial rewards. Happy farming!
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Subscribe to our newsletter Bitcoin Bytes for timely insights, razor-sharp analysis, and real alpha about the rapidly evolving Bitcoin ecosystem.
No spam, only alpha!