Regarding basic information of Caffeine event
Q1. How much in USD will be required for each NFT key level?
It’s hard to calculate how much liquidity in USD you need to mint for different levels of the NFT key because every pool’s total liquidity is changing all the time and it also depends on your liquidity settings.
Q2. I’ve been providing liquidity on Crema finance for a long time in the past, does that count?
Much appreciated. You must have earned a lot of transaction fees. However, for this farming event, you need to stake your CLMM NFT into the corresponding farming pool to start earning the Caffeine.
Q3. Can I provide liquidity to any pool at all or is there any one particular I have to focus on to get the rewards?
You can focus on one pool or multiple pools. It’s totally up to you and it depends on what assets you have and you are comfortable with. You can also compare the real-time estimated APR of each pool to see which one you can earn Caffeine fastest from. Don’t forget to set your price range according to the reward range if you want your liquidity to have the maximum mining efficiency.
Q4. Will the IDO happen immediately after the end of the caffeine farming event?
The IDO is planned to be conducted by the end of or soon after this farming event, depending on the market situation. There will not be a huge gap anyway. The detailed schedule will be announced later.
Q5. Why did I fail to add liquidity, stake, unstake or harvest?
Scenario1: Solana network is experiencing degraded performance so transactions may fail to send or to confirm at the moment. I will suggest you to try later with better network.
Scenario 2: Check if you have enough balance of SOL token because transaction will be executed by using SOL token as transaction fee
Q6: Why can’t I add liquidity to the pool with the proportion of 1:1?
The proportion of two tokens for adding liquidity depends on the price range you set and the current price, which is not always 1:1.
Regarding Caffeine Token (CAF)
Q1. What if I cannot reach the lowest boundary of 2000 Caffeine?
If you don’t have enough Caffeine token for minting a lowest level key, you can still burn your Caffeine to exchange for Crema’s CRM Token after our IDO (there is just no lucky multiplier).
Q2. What is the value of Caffeine Token?
1 Caffeine Token is worth $0.1 when you burn it to get CRM after the event. Besides, if you earn enough Caffeine to mint your keys, you’ll have chance to have your basic reward multiplied.
Q3. What to do if I have remaining Caffeine Tokens?
You can also burn them to get CRM. So, regardless of the amount, it would never be wrong to accumulate more Caffeine in this event.
Q4. Do we earn transaction fees also together with the Caffeine points after providing liquidity?
Yes. You could earn transaction fees after providing liquidity as usual. Also, you could choose to stake your LP NFT in the caffeine farming pools to earn Caffeine points.
Q5: How will I receive the rewards after providing liquidity, in USD or CRM tokens?
During this farming event, what you will get initially is the Caffeine token. Later on, you can use Caffeine to mint different levels of the NFT key. After our IDO, you can use your NFT key to unlock our treasure box to get your final rewards in CRM tokens and several other project tokens sponsored by our partners as a bonus.
Regarding CRM Token
Q1. I can see the basic reward as just “USD”. What will i get as the reward? Is it Crema token? I wonder if it is the value of the price before listing or the price after listing.
The final rewards will be distributed in CRM tokens and several other project tokens sponsored by our partners as a bonus. The price will be determined by the time-weighted average price after the listing.
Q2. How is the Farming APR calculated on the Caffeine Farming Event page？https://app.crema.finance/#/farming
It’s an estimated APR based on Caffeine(approximately 0.1USD) earned by the pool in the past 7D while the 5% lucky multiplier not being included. Plus, only the effective liquidity within the reward range is taken into account.
About Crema Finance
Crema Finance is a powerful concentrated liquidity protocol that provides superior performance for both traders and liquidity providers. It deployed the first concentrated liquidity market maker (CLMM) algorithm on Solana mainnet that allows users to add liquidity within their specified price ranges. Crema aims to redefine the capital efficiency and trading depth in non-evm ecosystems through both its CLMM infrastructure and a series of affiliate innovations.
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