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Changes to the eMTRG liquidity mining program, including the eMTRG + STACY dual mining reward

We’re removing the liquidity mining reward for our Balancer pool and adding dual rewards for our ChadSwap pool.

Due to our governance vote that ended on March 19 (see here and here for the proposals on Snapshot), we are making changes to our eMTRG liquidity mining program. This includes:

  1. Removing the liquidity mining reward for the Balancer 90/10 pool.

2. Allowing Uniswap eMTRG-ETH liquidity providers (LPs) to dual-farm eMTRG and STACY on Chadswap.

Here are the details about the changes.

Removing liquidity mining rewards for our Balancer pool

We currently pay a 30% APY eMTRG reward to LPs of the 90% eMTRG / 10% USDC Balancer pool.

With the launch of MTRG staking on our recent Tesla mainnet release, the purpose of the Balancer pool is diminished.

Thus, per the approved governance vote, we are removing the liquidity mining reward from our Balancer pool and putting the focus on our eMTRG-ETH Uniswap pool.

If you’re a Balancer LP and you do not want to move your liquidity to our Uniswap pool, you can stake MTRG on mainnet.

Dual farming of eMTRG and STACY

If you are an LP of our eMTRG-ETH Uniswap pool, you can dual-farm eMTRG and STACY on ChadSwap.

If you add liquidity to our eMTRG-ETH Uniswap pool and then stake the Uniswap LP tokens on ChadSwap, you can earn 30% APY eMTRG airdrop rewards as well as ~100% APY STACY rewards, of which 25% is vested immediately and 75% is vested linearly over a year.

This is what you need to do to dual-farm eMTRG and STACY.

  1. Add liquidity to our eMTRG-ETH pool on Uniswap ( here’s a video tutorial on how to do so)

2. Stake the Uniswap LP tokens in the eMTRG pool on ChadSwap

3. Unlock the 75%-linearly-vesting STACY rewards in Etherscan ( follow this tutorial)

If you don’t want to stake your Uniswap LP tokens in the eMTRG pool on ChadSwap, you can simply hold them and you will still receive 30% APY airdrops in eMTRG directly sent to your wallet.

Conclusion

We are excited to make these improvements to our liquidity mining program and reward you for contributing to liquidity of eMTRG.

For any updates, please refer to our liquidity mining documentation.

If you have any questions, please drop us a note on Telegram or Discord.

We hope you enjoyed this article! If you did, show us some love by 👏🏻 clapping 👏🏻 (up to 50x!) to help other people find this post.

To stay updated on all things Meter, visit our website and join us on Twitter, Telegram, Discord, Reddit, Facebook and our discussion forum.

Originally published at https://www.meter.io.

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Meter is a high performance infrastructure that allows smart contracts to scale and travel seamlessly through heterogeneous blockchain networks.

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Mike Chan

Mike Chan

Dad and husband! Growing @zkpanther, advising @meter_io and @ututrust. #crypto, #startup, ex-marketer @capitals, expert power napper

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