Archer DAO Liquidity Mining Program on SushiSwap
Archer DAO members recently voted unanimously to launch a liquidity mining program with a reward budget of 500,000 ARCH (approx. $1 million value).
The program is exclusively for liquidity providers to the SushiSwap ARCH-ETH pool. Participants will earn TRIPLE REWARDS in the form of ARCH, SUSHI and voting power in Archer DAO.
If you’re new to Archer, read about us in our introductory blog then learn how the Archer Network operates.
New to liquidity mining a.k.a yield farming? CoinDesk wrote a great explainer.
Program Details
LP deposits + staking open: February 24 at 11:30 UTC
ARCH rewards begin accruing: February 24, 2021 at approx. 13:00 UTC
Program finish: When 500,000 ARCH have been rewarded; approx. one month
Total rewards: 500,000 ARCH + SUSHI + Archer DAO Voting Power
ARCH vesting: 1/3 released immediately, 2/3 released over six months
SUSHI vesting: 1/3 released immediately, 2/3 released after six months
Rewards are only available on the SushiSwap ARCH-ETH pool. Users must supply both ARCH and ETH to provide liquidity and earn rewards.
Users may remove liquidity at any time, but will stop accruing rewards immediately.
Users may also claim their rewards at any time, and they will receive accrued ARCH and SUSHI.
**NOTE: The ARCH staking pool will open on February 24 at 11:30 UTC, however, ARCH rewards will not start accruing until Ethereum block #11920000 (approx. 13:00 UTC on February 24). SUSHI rewards begin accruing immediately as they are managed by SushiSwap.
Guide to Staking and Earning Rewards
A step-by-step guide to help you join the liquidity mining program is available at: https://docs.archerdao.io/for-token-holders/liquidity-mining
If this is your first time liquidity mining, please take the time to read and understand each step. Join our Telegram or Discord to ask our friendly mods and community any questions you may have.
Disclaimer
Liquidity mining can be highly risky. While the utmost care and diligence is undertaken in development, the Archer code is ultimately unaudited. We highly recommend reading the code and researching the risks associated with liquidity mining.
All users participating in the Archer DAO Liquidity Mining Program do so at their own risk.
Mine Smarter
Archer boosts miner revenue with a five-minute integration. Live now on Ethereum. Visit our website and join Discord to learn more.
