Hedget launches on Chromia testnet — Join us for a 100k CHR trading contest and a huge liquidity mining event!
Hedget will be launched on a Chromia testnet sidechain on September 17th in preparation for mainnet deployment at the early 2022. To celebrate this occasion and incentivize testers, we will be launching a trading contest that awards real cash prizes to Hedget users who trade testnet assets on the Chromia iteration. The prize pool for this contest will be equal to $100k in HGET and CHR tokens. Full details and instructions will be released on September 6th! Stay tuned!
In anticipation of this, Chromia and Hedget are also launching a joint liquidity mining event, which will start on Septemer 6th and run until October 4th. Liquidity Mining programs reward tokens to people who provide liquidity on AMMs like Uniswap on Ethereum and Pancakeswap on BSC and then stake the resulting LP tokens. The details of this event are as follows:
Program Name: HGET CHR Collab Liquidity Mine v3
Reward pool size: ~50,000 HGET and ~450,000 CHR
Start of the program: September 6th, 2021
Locked staking period: 4 weeks
Pools: HGET/CHR on Pancakeswap and HGET/CHR on Uniswap v2
APR: dynamic, based on bonding curve (200% to 55%)
Instructions
1. Add liquidity to the HGET/CHR pair on Uniswap V2 or Pancakeswap
2. Stake the LP Tokens from step 1 using the Hedget/Chromia Liquidity Mine interface (the interface will be made available before the event begins)
3. Upon fulfilling the minimum staking duration and unstaking V2 tokens, users will be rewarded with bonus HGET and CHR.
Once you’ve deposited staking tokens, you will be able to check your current stake and reward amounts using the interface. Staking period will be 4 weeks. APR is dynamic, and will award a minimum of ~55% APR and a maximum of ~200% APR. The earliest stakers receive the highest APR (~200%) and as the quota fills, APR is gradually reduced to the minimum (~55%), at which point no more LP deposits are accepted. To know how it works in more detail read our previous blog post. To add liquidity to the HGET/CHR pair check this.
