After we introduced our Uniswap V2 LP token farming last Friday, it is now time give a brief introduction into our very own, early next week starting, smartdex LP token farming.
This will introduce a new way for Liquidity Providers on the smartdex itself to get rewarded for their Liquidity Provision.
Which Pairs will be available for Farming?
To kick off our own smartdex farming campaigns we will start with incentivizing Liquidity Provision on the NIOX/USDC and MATIC/USDC pools. For NIOX/USDC we will allocate a total of 35.000 NIOX per day, that will be distributed to the smartdex LP token farmers. MATIC/USDC will have 6.000 NIOX per day, distributed to the Liquidity Providers. Both campaigns will run over a period of 14 days.
This means, that at the current Liquidity, in the NIOX/USDC pool, this campaign will start with an estimated APY of 1000 %.
What else is in store for Liquidity Providers on the smartdex?
Besides some additional, very special treats, made possible by one of our partners, we will put away 5.000 NIOX per day, that will be given as a whole to one lucky winner at the end of the month. To be eligible for that giveaway, you just have to provide liquidity in the NIOX/USDC pool, and that’s it.
Will there be more Pools available for farming?
With the step by step start of our partner pools, there will be more great rewards to receive for farming, and many more special incentives and campaigns.
The first pools launching on April 5th, 2021 @ 06:30 pm UTC on the smartdex are:
- NIOX/USDC (Autonio)
- WMATIC/USDC (Polygon - Ex-MATIC)
Have fun farming on the smartdex!