Key Points
Rewards start Monday, August 30
No staking contract
The longer you hold, the higher your multiplier ( up to 3x )
Rewards never end
Retroactive rewards for SourceCred newcomers
The largest pool receives the largest rewards
Hello, Particles! We have started a liquidity rewards program to celebrate the members of our community who have helped contribute to the financial backbone of SHE.
How it Works
There are three pairings that we are rewarding (with direct links):
Rewards are retroactive! Any liquidity that was provided as early as 01-March, 2021 will be rewarded.
Furthermore, all LP fees accrued via Honeyswap will remain. You will be earning returns two different ways at the same time.
The Multiplier System
The rewards are time-weighted, meaning the longer your Liquidity Pool (LP) is active, the higher the rewards multiplier will be for your LP.
The LP rewards will scale as follows:
We take a snapshot every 17,284 blocks (roughly once a day). This period of time is referred to as an epoch. If your liquidity drops at any point between an epoch, your timer on the original amount will lose its multiplier, but the multiplier on remaining LP balance will still be kept.
*For example:* You have 10 LP tokens with a 2x multiplier. If you pull out 1 LP token between snapshots, your 2x multiplier will still apply to the remaining 9 LP tokens.
Payout
Each pool reward is proportional to the total overall liquidity at the time of every new epoch. For example, if the XDAI-PRTCLE pool has 1k worth of liquidity and HNY-PRTCLE has 2k, HNY-PRTCLE will get 2x the proportion of the total rewards, as compared to XDAI-PRTCLE.
The formula for this is as follows:
((yourLPToken/totalLPToken) * totalPoolUSDReserve)/totalTokenUSDReserve
All rewards will be paid out via SourceCred into $PRTCLE, so it is imperative that any LP providers be verified via the SourceCred/BrightID system on our Discord in order to receive their bonus $PRTCLE from our distribution.
*NOTE* Rewards are retroactive. Which means even if you are not in our system, rewards will still be accrued. Once the signup process is completed, SoureCred will catch you up with your earned rewards.
Getting Set Up
Connect your wallet to Honeyswap Pool.
Select "Add Liquidity".
From the drop-down menus, select PRTCLE for the first token, and one of the three supported tokens (XDAI, HNY, HAUS) for the second token.
Set the supply value of one of the two tokens. The other will match 1:1 based on current market value. (Don't forget, you need equal valued amounts of both of the tokens you are supplying).
Click "Supply". If it is the first time you are providing this type of LP, you will need to authorize the transaction with Honeyswap first, and then click again to finalize the transaction.
Other Notes
There currently is not a dedicated front end to see SHE's bonus SourceCred rewards. However, you will be able to track rewards via GitHub in the initiatives config file, as well as viewing your earned Cred on the SourceCred scoreboard
Thank you all for being a part of this community. Let's continue to strive towards greatness!