Introducing the Farming Set

The Farming Set is a weekly set of 9 pools that can farm LUA rewards chosen via a rotational rewards system.

Hi, LuaSwap community!

LuaSwap completed the migration of liquidity from Uniswap on October 29th. Since then, we have received many community suggestions to remove some non-performing pools and add new pools for LUA rewards. After careful consideration and learning from other projects, we decided to make some changes in LUA reward allocations to optimize the volume and TLV on LuaSwap. The new mechanism is called the “Farming Set”, which will be implemented next week.

What is the Farming Set?

The Farming Set is a weekly set of 9 pools that can farm LUA rewards chosen via a rotational rewards system. The rewards for the pools in the Set only last for a week and are meant to bring new liquidity and reward current liquidity providers for specific pairs. Only pools within the Farming Set will continue to earn LUA rewards.

Which pools are in the Farming Set?

• 2 fixed pools: LUA-USDC and LUA-TOMOE.
• 4 best performers: (excluding 2 fixed pools)

— The top 4 pools by 7-day trading volume.

— A screenshot of https://info.luaswap.org/pairs will be taken by the core team at around noon SGT every Monday to select from.

• 3 pools through community picks: (excluding 2 fixed pools and 4 best performers)

— A form for the community to suggest their favorite pools for the next rotation is created here, all suggestions are welcomed

— Among the pools suggested in the TomoChain thread, 9 pools will be put up for a Poll on LuaSwap’s Twitter. A total of 3 new pairs picked from the highest voting pair from each poll will be included in the Farming Set. The poll will be created around noon SGT every Friday and last for 48 hours.

The code for the next Farming Set will be deployed on Monday with a 24-hour timelock. The new Farming Set will be activated every Tuesday.

How are the Rewards allocated in the Farming Set?

LUA-USDC pool will receive x3 rewards while the rest have the same weight (x1).

We expect these adjustments will enhance the trading volume among all pools while delivering sustainable liquidity on LuaSwap. Your continued support is very much appreciated!