APR Reset #21: What To Expect
It’s time for our 21st APR Reset.
What’s APR Reset? Click here to find out!
Here’s what you can look forward to next week for Swift Finance:
Update of transfer tax feature for SWIFT token. Our much-awaited transfer tax has is currently in the final testing phase and will be deployed really soon. This feature will enable better price stability to ensure that rewards are not easily sold off without any penalty.
Here’s what we have in store for APR Reset #21!
- SWIFT base emission rate to be increased to 777.6 per block.
- SWIFT per block emission boost for FIRST 4 hours
- Dynamic Multiplier Rebalancing
APR Reset event —
- SWIFT per block emissions will be reduced to 0 for TWELVE hours.
- Native : Non-native farm rewards ratio to be at 50%
All Native farms multiplier will be increased to 5x.
All non-Native farms multiplier will be increased to 4x.
During this time, we will force withdraw ALL NON-NATIVE farmers staked tokens back to your wallet.
Your rewards will also be automatically harvested so you won’t need to do anything.
For NATIVE farmers, your deposits will remain in the farms, so no action will be needed.
This period is also intended to be a pre-stake period to ensure early farmers would not miss a single block of reward for our farms during the emission boost.
Note: PLEASE WAIT FOR OUR ANNOUNCEMENT BEFORE DEPOSITING INTO THE NON-NATIVE FARMS DURING THIS PERIOD.
Hour 0 (12 hours after APR Reset) —
- SWIFT emission goes live
- SWIFT per block emission boosted to 3888.0/block
Hour 2 —
- SWIFT per block emission reduced to 3110.4/block
- Native : Non-Native farm rewards multiplier ratio to be at 70: 30
All non-native farm rewards will be reduced from 4x multiplier to 2x.
Hour 3 —
- SWIFT per block emission reduced to 2332.8/block
Hour 3, 30 Minutes —
- SWIFT per block emission reduced to 1555.2/block
With the reduction in rewards boosts, we will start to shift the rewards ratio back to native farms to help with reducing the selling pressure on the SWIFT token.
Hour 4 —
- SWIFT per block emission reduced to 777.6/block
- Native : Non-native farm rewards multiplier ratio to be at 80: 20
- Non-native farm rewards will be reduced from 2x multiplier to 1x
- Single SWIFT Staking farm will be reduced from 5x to 2x