“Reward Renew” — a Special Campaign by firefly and Manta Pacific to reward Renew Paradigm Participants
On May 19, Manta Pacific and firefly, the leading native DEX on Manta, announce “Reward Renew!” providing a whopping $1M exclusively for Renew Paradigm participants shifting their liquidity from Renew to the firefly DEX as LP’s.
The goal: keep you happy on Manta!
All that’s required is prior participation in Renew and completion of a Galxe task.
To join ‘Reward Renew’:
https://app.galxe.com/quest/7YTDRB7bjjRA4ufNX939wK/GC4AMtzxWH
How does Reward Renew Work?
firefly’s $12M airdrop, the largest on Manta, is setting aside $1M just for Renew users (up to 5M $FLY tokens).
This means a 160% APR just for Renew participants for supplying USDC, MANTA, STONE, ETH, stManta, Lab.M, USDT and more as dex liquidity on firefly.
The $1M of $FLY will be set aside for Renew users adding liquidity on firefly during our airdrop. Your liquidity will earn you $FLY points which later convert to $FLY tokens. The $FLY tokens will be issued before the firefly airdrop ends (by Aug 6, if not earlier).
You can monitor your points earned on our airdrop site under “Rewards”.
Since you spent 69 days in Renew, now is the time to get REWARDED for your time spent.
Win the $MANTA Raffle
To support “Reward Renew”, the Manta Pacific team has generously provided $2,000 of $MANTA to encourage participation.
Simply by joining Reward Renew, you’re eligible for the $2,000 MANTA prize provided by Manta Pacific!
By providing your wallet address, you are entering the raffle to be eligible to win the prizes:
1st — $1000 $MANTA
2nd — $500 $MANTA
3rd — $250 $MANTA
4th — $250 $MANTA
Step by Step
If you participated in Renew Paradigm, here’s what you have to do to join Reward Renew:
- Complete a basic Galxe task
- Check out firefly’s Quick Start Guide to learn how to add liquidity to firefly and register for the airdrop. It will walk you through the process.
- Join firefly Discord to get anAirdrop code to register.
- Go to firefly Airdrop site to register!
- Add liquidity: read how to add liquidity on firefly dex here if you’re new to LP’ing. You can add liquidity on firefly here.
The “Reward Renew” contest is valid for the next two weeks. After ‘Reward Renew’ ends, you’ll still earn 50% bonus points in the firefly airdrop for being part of Renew (120% APR).
If you add liquidity before completing the Galxe task, that is fine. Once you register for the airdrop, we’ll begin counting your Airdrop Points, which will convert to tokens. Only in-range liquidity counts towards points.
Get Started today!
Links and Explanations
Links
- firefly links: https://bento.me/fireflydex
- What’s firefly? https://medium.com/@fireflydex/firefly-a-new-era-for-themodular-dex-2ce54b09a95a
- About firefly Airdrop: https://medium.com/@fireflydex/new-illumination-1st-season-of-firefly-d-o-c-airdrop-is-here-125c0cca0049
- firefly Discord: https://discord.gg/KzsUCVwe
- firefly Twitter: https://twitter.com/FireFlydexZK
Clarifications
-$1M for Renew
To clarify the $1M for Renew, assuming a firefly FDV of $20M, tokens set aside for the Double Points campaign along with the set airdrop of 2.5M for Renew, will amount to up to 5M $FLY tokens. At the valuation given, this would have a value of $1M.
-160% APR for Renew
To clarify the 160% APR firefly is offering 11.7% of its $FLY supply for LP’s during airdrop. Assuming $20M FDV, LP airdrop is worth $2.3M. If one supplies $10,000, and $10M liquidity provided overall one receives 0.1% of total. This would amount to $2,300 in $FLY rewards.
firefly airdrop lasts 3 months. Annualizing the reward is worth $9,200 ($2,300 * 4). This is 92% APR (on a base of $10,000 deposit). We conservatively estimated 80% default APR. With Reward Renew Double Points, that becomes 160% APR.
