Liquidity Incentives are Live to NiiFi!
A new set of NII and NIIFI incentives are live on NiiFi as of December 1, 2021.
As of the first Ethereum block on December 1, 2021 (UTC), a new set of NII and NIIFI incentives are live on the NiiFi protocol!
TL;DR — what’s happening
- 2 new incentives have launched: NII incentives and NIIFI incentives.
- NII Incentives: half of the current monthly liquidity mining rewards, 50m tokens or ~$750k, have migrated from Uniswap v3 pools to select NiiFi pools
- NIIFI Incentives: NIIFI rewards are live for liquidity providers to the NiiFi pools described below. The rewards allocated are 5% of the token supply, with 10% of that fund distributed to LPs each month
- To get started, 1) bridge your assets to Nahmii, 2) LP on NiiFi.
NiiFi LP incentives: a closer look
Two incentive structures are live: NII and NIIFI rewards for pool LPs on NiiFi.
NII Incentives for LPs
Incentives for LPs are live on Uniswap v3 on the Ethereum mainnet. Prior to December 1, 100 million NII tokens were distributed to Uniswap v3 LPs each month. The pools currently yielding rewards on Uniswap v3 are:
- NII/ETH (0.3% fee pool)
- NII/WBTC (0.3% fee pool)
- NII/USDC (1% fee pool)
- NII/DAI (1% fee pool).
These same four pools are now available on NiiFi. Half of the former NII incentives (50m) have migrated from Uniswap v3 to incentivize liquidity on NiiFi. This means that 50 million NII will be made available to the LPs of the same four pools on NiiFi, with 50 million NII remaining as an incentive for Uniswap v3.
NIIFI Incentives for LPs
In order to accelerate NiiFi’s liquidity provision and growth, Nahmii is also allocating 5% of the NIIFI token supply to liquidity rewards for NiiFi pools. Each month, 10% of the allocated NIIFI incentives will be distributed to LPs, starting at ~4.44 million NIIFI in month 1 (4.00 million in month 2 etc.).
The pools being incentivised initially are the following:
- ETH/USDC
- ETH/WBTC
- NIIFI/ETH
- NIIFI/WBTC
- NIIFI/USDC
- NIIFI/DAI
- NII/NIIFI
- NII/ETH
- NII/WBTC
- NII/USDC
- NII/DAI
