Uniswap CNTR/ETH Liquidity Mining
We are excited to announce that we will be providing incentive to liquidity providers, “Centaur Knights” , of CNTR/ETH pool on Uniswap. The collective effort of community provision of liquidity will allow for greater depth and less slippage for traders of CNTR/ETH on Uniswap.
Earnings that Centaur Knights receive from staking will be proportional to the amount of LP tokens you have staked vs the total amount of LP tokens staked. This campaign seeks to reward early liquidity providers with more passive CNTR income and will slowly normalise to a lower number for a future participants. We believe that the front-loading of incentive will build a strong community where early supporters becomes a significant stakeholder of the protocol.
Launch Details:
Date: 9th November 2020
Block #: 11222650
How to participate:
1. CNTR Holders can deposit liquidity into our Uniswap pair to get UNI-V2 CNTR/ETH tokens
*Please be aware of impermanent loss when doing so, you can find out more about it here
2. These tokens can then be staked into our Liquidity Mining Program Smart Contract here.
3. The rewards are calculated on a per-block basis
4. There is a prize pool of 4.2 CNTR per block, approximately 200,000 CNTR weekly, which would be shared proportionately with all liquidity providers who staked their UNI-V2 tokens
* For example, if you deposited 10,000 UNI-V2 out of a total pool of 100,000 UNI-V2, you will receive approximately 20,000 CNTR (10%) in weekly rewards
5. The liquidity provided by the team WILL NOT be added to the staking program for fairness
6. The amount of CNTR liquidity rewards may change over time
7. Staked liquidity can be withdrawn at any time, there is no unbonding period for the UNI-V2 CNTR/ETH tokens AND the rewards
What is Uniswap?
Uniswap is a decentralized exchange (DEX) platform running on the Ethereum blockchain that allows traders to trade ERC-20 tokens directly from their wallets.
What is Centaur?
Centaur is a revolutionary project in the DeFi space that aims to serve as a bridge between the decentralised finance sector and the traditional financial system. While leveraging crucial features of the blockchain, this project is also utilising the fail-safe elements of centralised systems. Centaur is offering semi-decentralised lending, asset management, and digital payments to the public.
For more information, please take at a look at our:
· Telegram Announcement Channel
· Liquidity Pool (Ethereum Ropsten)
Signing off,
Centaur
