We’re removing the liquidity mining reward for our Balancer pool and adding dual rewards for our ChadSwap pool.
1.Removing the liquidity mining reward for the Balancer 90/10 pool.
2.Allowing Uniswap eMTRG-ETH liquidity providers (LPs) to dual-farm eMTRG and STACY on Chadswap.
Here are the details about the changes.
We currently pay a 30% APY eMTRG reward to LPs of the 90% eMTRG / 10% USDC Balancer pool.
With the launch of MTRG staking on our recent Tesla mainnet release, the purpose of the Balancer pool is diminished.
Thus, per the approved governance vote, we are removing the liquidity mining reward from our Balancer pool and putting the focus on our eMTRG-ETH Uniswap pool.
If you’re a Balancer LP and you do not want to move your liquidity to our Uniswap pool, you can stake MTRG on mainnet.
If you add liquidity to our eMTRG-ETH Uniswap pool and then stake the Uniswap LP tokens on ChadSwap, you can earn 30% APY eMTRG airdrop rewards as well as ~100% APY STACY rewards, of which 25% is vested immediately and 75% is vested linearly over a year.
This is what you need to do to dual-farm eMTRG and STACY.
1.Add liquidity to our eMTRG-ETH pool on Uniswap (here’s a video tutorial on how to do so)
2.Stake the Uniswap LP tokens in the eMTRG pool on ChadSwap
3.Unlock the 75%-linearly-vesting STACY rewards in Etherscan (follow this tutorial)
If you don’t want to stake your Uniswap LP tokens in the eMTRG pool on ChadSwap, you can simply hold them and you will still receive 30% APY airdrops in eMTRG directly sent to your wallet.
We are excited to make these improvements to our liquidity mining program and reward you for contributing to liquidity of eMTRG.
For any updates, please refer to our liquidity mining documentation.
We hope you liked this article! If you did, please share it with the share buttons on your left so others can discover it.