Darwinia will offer 1,000,000 xRING and 7,000,000 CRAB for USDT/xRING and USDC/CRAB incentives for Liquidity Providers on SnowSwap
--
We’re excited to announce that 1,000,000 xRING and 7,000,000 CRAB sponsored by Darwinia will be distributed to USDT/xRING and USDC/CRAB liquidity providers on SnowSwap as rewards, tabled by Council Motion #76.
1,000,000 xRING for USDT/xRING liquidity providers
Below is the timeline for Farming and Rewards of the USDT/xRING pair liquidity:
- Deposit USDT/xRING LP Start Time: April 15, 2022 3:00 PM (UTC + 8)
- Staking Rewards Start Time: April 20, 2022 3:00 PM (UTC + 8)
- Rewards Period: 6 months
Please Note: Users can stake LP tokens once Farm for USDT/xRING Pool is available. After Staking Rewards Start Time, the rewards pool will officially start.
7,000,000 CRAB for USDC/CRAB liquidity providers
Below is the timeline for Farming and Rewards of the USDC/CRAB pair liquidity:
- Deposit USDC/CRAB LP Time: April 15, 2022 3:00 PM (UTC + 8)
- Staking Rewards Start Time: April 20, 2022 3:00 PM (UTC + 8)
- Rewards Period: 6 months
Please Note: Users can stake LP tokens once Farm for USDC/CRAB Pool is available. After Staking Rewards Start Time, the rewards pool will officially start.
About SnowSwap
SnowSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Crab Smart Chain that offers an integrated gateway to the DeFi world. Users can trade and earn without registration. Learn more: https://snowswap.xyz/
About Darwinia Network
Darwinia Network is a decentralized cross-chain bridge network building on Substrate. It provides a safe and general bridging solution and connects to Polkadot, Ethereum, BNB Chain, and other public chains by cross-chain transfer of assets and remote chain calls. The application areas of Darwinia Network include DeFi, cross-chain NFT trading, games, etc.
Darwinia Network has gained a high reputation and recognition along the way to building the decentralized cross-chain bridge protocol. Darwinia was written in Polkadot light-paper as one of the friends of Polkadot and Substrate. Meanwhile, Darwinia was invited to join Substrate Builder Program and Web3.0 Bootcamp, and for the outstanding work in Substrate Builder Program, Darwinia Network was officially awarded the Level 2 badge by Parity. The products and tools developed by Darwinia have been rewarded with three W3F Grants. Learn more:
