The Summer Vibes initiative includes rewards on lending and borrowing activities, minting synthetic stablecoins, as well as providing liquidity for dForce synthetic assets on both Ethereum and BSC. For Ethereum, liquidity mining will only be activated for lending activities and minting synthetic stablecoins.
As the first phase coming to an end, we have made adjustments as follows to continuously improve it.
Ethereum
The next phase of liquidity mining on Ethereum will last from Jun 17 to Jul 2 (UTC+8). A total of 40,000 DF / day will be given away as rewards for the dForce Lending and Synthetic Asset protocol users.
- Lending activities: 32,000 DF / day rewards will be distributed evenly between supplying (20,050 DF / day) and borrowing (11,950 DF / day) .
- Minting synthetic stablecoins: 8,000 DF / day will go to mining rewards for minting USX and EUX.
Below is a detailed schedule of DF allocation across lending, borrowing and minting:
Binance Smart Chain
The next phase of liquidity mining on Binance Smart Chain will last from Jun 18 to Jul 2 (UTC+8). A total of 80,000 DF / day will be allocated as rewards for the dForce Lending and Synthetic Asset protocol users.
- Lending activities: 62,000 DF / day rewards will be distributed evenly between supplying (38,920 DF / day) and borrowing (23,080 DF / day).
- Mintage of synthetic stablecoins: 18,000 DF / day will go to mining rewards for minting USX and EUX.
Below is a detailed schedule of DF allocation across lending, borrowing and minting:
On top of this, there is 126,000 DF / day allocated for LPs on PancakeSwap for the following pairs:
ATTENTION: please be aware of the following risks while participating in DF liquidity mining:
- Minting USX and EUX will be subject to a mintage interest rate of 3% per annum, this is similar to borrowing interest rate.
- While providing liquidity on AMM (i.e., Pancake) with minted synthetic stocks (xTSLA, xAAPL, xAMZN, xCOIN), please be aware of the impermanent loss risks given synthetic stock tokens are tracking the market price of respective stocks.
- During stock market close, you cannot mint, redeem or withdraw from the stock pool. Click here to learn more.