Inferno Incentives — Round 2
The second period of the Inferno Incentives Program is now live! Running for a three week period beginning June 14th and concluding on July 5th!
During the opening round of the Inferno incentives program, Forge has seen great success and we’ve received a lot of amazing feedback from the community. In the first three weeks, Forge has seen well over $6m in volume and has began being tracked on Dexscreener and DefiLlama. The team is also working closely with Revert Finance to improve the user experience and iron out all reported bugs. We expect this next round to have even better results as we learn and improve!
We also gathered data to help us understand which pools are the healthiest and receiving the highest activity so the incentives can be allocated more efficiently. For example, the pools that received the most volume (over $1m each) were stEVMOS / axlUSDC and stATOM / ATOM. With the ceUSDT / axlUSDC receiving the lowest amount of trading volume by a large margin. With this in mind, slight adjustments were made to the incentive distribution as shown in the chart below. The full spreadsheet is available here.
How to participate in the Forge Inferno Incentives:
Step 1: View the incentivized pools in the Revert Finance incentives page, then add liquidity in the Forge App or using the Revert initiator. *Make sure you select the correct fee tier!
Step 2: Once you have created a position within a pool eligible for rewards, you now need to stake your position with the incentives contract to being accruing rewards. The first step is to navigate to your account dashboard in the Revert app.
Within your account dashboard you will see all of your open positions and now you can stake the positions eligible for Inferno incentives! Under the position you would like to stake, press the yellow “Rewards” button to expand the menu then select the “Stake” action to stake that position within the rewards contract to start accruing rewards!
Note: Your account dashboard also has detailed real-time analytics about how your position is performing. As well as a handful of handy tools for managing your un-staked positions!
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🔥 Read more about Forge and the Inferno Incentives Program: docs.forge.trade
🔥 Follow Forge on twitter for all of the latest updates: https://twitter.com/forgeDEX
🔥 Join the Forge telegram: https://t.me/forgeDEX
🔥FUEL THE FORGE🔥 forge.trade
