GenesiX Farming Program
To build a sustainable liquidity pool for FlowX Finance, core team have implemented an incentive program that rewards providers with a share of 225,000 FLX tokens and 225,000 xFLX tokens.
Early liquidity providers can participate by depositing their LP tokens into the following pools: SUI/USDC, SUI/WETH, USDT/USDC, WETH/USDC, and WBNB/WETH. By locking up LP tokens for 3 months, GenesiX participants will be eligible to receive a 4.5% share of the total supply of $FLX tokens, which is twice the reward offered in the regular yield farming program at FlowX Finance.
Moreover, any user who provides a total LP of more than $1000 is eligible to take part in the IDO FlowX Finance that was launched in August.
Nevertheless, we will not distribute more than 300 Whitelists via GenesiX Farming. If there are more eligible participants than 300, we will choose randomly.
📅Timeline
📌 July 1st, 2023 — July 8th, 2023:
Participant can deposit their LP tokens as many as they want to GenesiX Pools. During this specified timeframe, there are no restrictions on the number of tokens users can deposit.
However, after this period, no further additions can be made to the pools as the LP tokens will become locked until October 4th, 2023.
📌 July 8th, 2023 — October 6th, 2023:
The rewards token in FLX will be calculated and distributed.
Please note that $FLX can only be claimed by participants after the IDO has concluded, which is expected to take place in August.
📌 October 6th, 2023:
Participants can withdraw their LP tokens.
🧪Pools Reward Information:
Total Reward: 225,000 FLX and 225,000 xFLX
🔷 SUI / USDC — Reward 65,000 FLX — 65,000 xFLX
🔷 SUI / WETH — Reward 45,000 FLX — 45,000 xFLX
🔷 WBNB / WETH— Reward 50,000 FLX —50,000 xFLX
🔹WETH / USDC — Reward 35,000 FLX — 35,000 xFLX
🔹USDT / USDC — Reward 30,000 FLX — 30,000 xFLX
🧭Guide
To participate in the GenesiX Farming program, there are two methods available:
🔰 Method 1:
Link Event: https://flowx.finance/genesix
Access the provided link and follow these steps:
- Connect your Sui Wallet
2. Select the Pool you want to participate in.
3. Choose the amount of tokens you’d like to add to the pool for liquidity.
4. Stake LP tokens to receive rewards.
Note:
- Staking is an important step. If you do not stake LP, you will not receive GenesiX Farming rewards.
- Once you’ve staked your LP tokens, they cannot be withdrawn until October 6th, 2023.
🔰 Method 2:
Step 1: Create Liquidity Position
https://flowx.finance/liquidity
Access Liquidity Management:
Create a Liquidity Position by following the step-by-step instructions.
Keep in mind that only LP Tokens for valid pairs in the GenesiX program can participate in staking LP.
Step 2: Stake LP Tokens
Access Yield Farm to view information about the available GenesiX Pools.
Click on the Pool you want to participate in.
The interface will switch to Pool Detail, where you can create a Stake Position by selecting New Position.
Once you have entered the amount of LP you wish to stake and confirmed, you will have successfully joined FlowX Finance’s GenesiX program.
To keep tabs on your positions in GenesiX, simply return to the Farm UI screen at: https://flowx.finance/farm
Join FlowX Finance’s community today:
Website: https://flowx.finance/
Discord: https://bit.ly/flowx-discord
Twitter: https://twitter.com/FlowX_finance
Telegram: https://t.me/flowx_finance
