【Test Event】OAS/MCHC Price Prediction Game!

Starting June 1, 2024, the TealSwap V3 Multi Farming campaign will begin. Predict the price of OAS/MCHC and get rewards!

Orangechem
MCH | My Crypto Heroes
4 min readMay 31, 2024

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We will be conducting a test event on TealSwap V3 with the purpose of “understanding the mechanism of Uniswap V3-type liquidity provision” and “improving the gaming experience across MCH Verse by increasing MCHC’s liquidity.”

Unlike the V2-type liquidity campaign conducted in the first half of 2024, the V3 liquidity campaign can be interpreted as a “Price Prediction Game (PPG).”

Both TealSwap V3 and the material market “Lab” in My Crypto Heroes are based on UniSwap V3. In this article, we will introduce how to participate in the PPG event with reference to the Lab screen.

Note: This event is not intended to provide any financial advice. It does not recommend any specific investment or investment strategy, but is intended to improve your gaming experience in MCH Verse, including understanding how liquidity works. Please do your own research before participating in the event.

Overview

Using the Multi Farming function of TealSwap V3, OAS will be distributed as a reward to users who have locked OAS-MCHC LP tokens. Locked LP tokens can be freely withdrawn at any time during the event.

Event period: From Saturday, June 1 to Tuesday, December 31, 2024
Total rewards: 100,000 OAS

Note 1: You can only receive rewards if the current price of OAS/MCHC is within the expected price range set in Step 2–1 below. If the price is outside the expected range, you will not be able to receive rewards even if you have locked LP tokens, unlike TealSwap V2 Multi Farming.

Note 2: Please note that unlike TealSwap V2, you will not be able to earn Voting Power or Cp corresponding to the MCHC used to provide liquidity for TealSwap V3.

How to join the event

1. Choose your liquidity pair

Select the OAS and MCHC pair from the TealSwap V3 liquidity page.

2. Provide Liquidity(Predict Price Fluctuations)

2–1: Determine the liquidity range
First, determine the price range in which you will provide liquidity (the range in which you expect price fluctuations to settle) using one of the following three methods:

Low: A wide price range (if you expect the price will move significantly.)
High: A narrow price range (if you expecte the price will not move much.)
Custom: You can set any price range based on your expectation.

For more information on the mechanism of V3, please refer to the article by Uniswap V3 that TealSwap V3 and the Lab use as references.

2–2: Decide the amount
Specify the amount of tokens you want to provide liquidity for, then approve and deposit.

When you choose a token other than OAS, approval is required.

3. Participate in the Multi Farming Campaign

Select “Boost” for the OAS and MCHC pair from the TealSwap V3 liquidity page. Then follow the pop-up instructions to complete your participation in the campaign.

Select an ongoing event (incentive program) and approve or boost it.

4. Receiving your rewards

You can receive your rewards from the TealSwap V3 Portfolio page.

Ref: Price Prediction in the Lab (Liquidity Provision)

1. In the Lab, liquidity providers will select materials from the “pool.”
2. Specify the price range and GUM amount as you would in TealSwap V3
3&4. Fee Receipt Page (Lab does not have a function for Multi Farming.)

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