Hord App
Published in

Hord App

Introducing HORD LP Staking Farm

Hord is excited to announce its official Uniswap liquidity mining program, aptly named: HORD LP Staking Farm.

The first round of the program rewards holders of Liquidity Provider tokens from the HORD-ETH liquidity pool on Uniswap with up to 1.500.000 HORD, distributed over approximately 400.000 blocks (roughly 2 months). Rewards are distributed proportionally to the amount of liquidity each person provides, therefore APY per person depends on how many LP tokens they contribute to the Farm.

A time-based reward system is implemented to further incentivize long term liquidity providing. Users staking their HORD-ETH LP tokens on the Farm earn a cumulative reward for each block on the Ethereum blockchain. The benefits are distributed at the confirmation of each block proportionally to the total amount of LP tokens in the Farm at that time.

Example:

If, for the sake of simplicity, we postulate the Farm to have just two contributors and a reward of 1 HORD token per block and:

  • Bob initially contributed 4 tokens and for the previous block, he was the sole contributor
  • Alice contributes 10 tokens during the current block

In the current block:

  • Bob’s total contribution is 5 tokens (his initial 4 tokens plus the 1 token he earned as the sole contributor in the previous block)
  • Alice’s contribution is 10 tokens

At block confirmation, the reward is distributed as follows:

  • Bob receives one third (0.33) of the reward = 0.33 token
  • Alice receives two thirds of the reward = 0.66 token

These rewards are added to their previous contribution, increasing their share of the subsequent block rewards without requiring additional contribution.

So, it literally pays to join in early!

Rewards are calculated constantly by the smart contract, paid out at block intervals and both deposits, as well as accrued rewards can be claimed at any time. The longer you provide liquidity, the higher the rewards.

Start earning $HORD rewards at farm.hord.app

HORD token contract: 0x43A96962254855F16b925556f9e97BE436A43448
Hord LP Staking Farm contract: 0x5AcAbb506965b20A7c9468Adb45d7722377c84eE

Website: Hord.App
Twitter: twitter.com/HordApp
Telegram: t.me/hord_app
Announcements: t.me/hordnews
Github: github.com/hord

--

--

--

Social. decentralized. Innovative. V1 coming soon

Recommended from Medium

Localization vs Internationalization

Creating an online multiple-choice questionnaire with Python

Building aVideo Conferencing App on AWS — Part 1: Inception

SQL by steps #1 : CREATE TABLE

Recommended Daily Interview Problem Newsletter

Night Owl’s Weekly Update [30/03/2022]

What do creators really need?

React Native vs Flutter (Cross-platform Frameworks)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bart Rovers

Bart Rovers

Head of Marketing at Hord.App

More from Medium

Exo Pre-Sale Update

DEX Explained

EasyFi launches EZ Flexi Interest Staking Programs

Algorand Live Launch Announcement