NUTS Finance
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NUTS Finance

Week 13 AC Liquidity Mining Memo

Week 13 = 10:00 EST 12/27/2020 to 9:59 EST 1/3/2021

For those who have been with us since launch, the AC Genesis liquidity mining pool was the Big Blind pool, which was a renCrv strategy. At the time, we leveraged renCrv to bootstrap the initial mint volume for acBTC. The bootstrapping strategy proves to be effective as 577 acBTC were minted from renCrv on 10/24/2020.

Therefore, we will be giving back to the renCrv community by reintroducing the renCrv strategy starting in Week 13!

The renCrv strategy is a dual reward strategy with no impermanent loss. Participants can deposit renCrv to earn AC and renCrv.

For participation details, please refer to the renCrv user guide here:
renCrv Full Guide

The following strategies will continue to run throughout Week 13:
acBTC
Uniswap ETH-AC
HBTCCrv

AC Booster and AC Usage Incentive Program will continue to run throughout Week 13.

If you missed our memo on AC Booster, AC Usage Incentive and AC Token Economics, you can learn more about it here:
AC Booster Program
AC Usage Incentive
AC Token Economics

  • Total emission for Week 13 is 60,000 AC;
  • 20% of total emission (12,000 AC) is reserved for the AC Usage Incentive Program; 80% of total emission (48,000 AC) will be allocated between acBTC, Uniswap ETH-AC, HBTCCrv and renCrv at a 50/30/10/10 split;
  • 50% from the acBTC strategy will be distributed via Liquidity Mining (12,000 AC), the remainder will be distributed via the acBTC-AC Booster Program (12,000 AC);
  • 50% from the Uniswap ETH-AC LP strategy will be distributed via Liquidity Mining (7,200 AC), the remainder will be distributed via the Uniswap ETH-AC LP-AC Booster Program (7,200 AC);
  • 100% from the HBTCCrv LP strategy will be distributed via Liquidity Mining (4,800 AC);
  • 100% from the renCrv LP strategy will be distributed via Liquidity Mining (4,800 AC);
  • Emission rate for the acBTC strategy via liquidity mining is set to 1,714 AC/Day;
  • Emission rate for the Uniswap ETH-AC LP strategy via liquidity mining is set to 1,028 AC/Day;
  • Emission rate for the HBTCCrv LP strategy via liquidity mining is set to 685 AC/Day;
  • Emission rate for the renCrv LP strategy via liquidity mining is set to 685 AC/Day.
Week over Week AC Emission Schedule
Week over Week AC Booster Reward Schedule

Still have questions? Join our Discord channel for live updates!

💬 Join Us on our Journey!

Twitter: @ACoconutDAO

Discord: https://discord.gg/mvANFYe

Telegram: t.me/acbtc_community

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Terry Lam

Terry Lam

Building @NUTSFinance https://nuts.finance | sound money enthusiast | cat dad