Opacity Liquidity Rewards Program
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Join the Opacity Liquidity Rewards Program and Earn OPCT
Creating healthy liquidity for the Opacity token (OPCT) is extremely important for the success of the Opacity Storage ecosystem. The Opacity Liquidity Rewards Program (OLRP) is designed to stabilize market liquidity on Uniswap and reward everyone that contributes to the Uniswap liquidity pool.
You must whitelist your Ethereum address by completing the Opacity Rewards Program registration process. Complete the form below:
https://opacityliquidity.paperform.co/
Continue reading below for full details.
What are the Program Details?
2,000,000 OPCT tokens (~$125,000 USD as of 2/19/2021) in total can be earned by the participants of the Uniswap liquidity pool. The percentage of tokens that can be earned will decrease over time as reward funds are earned by the pool.
In order to be eligible for rewards, your liquidity contribution must be maintained for a full calendar month from the first to the last day.
For example, if you deposit liquidity on Feb 25 and maintain it until at least April 1, you will earn rewards for March. If you instead withdrew from the liquidity pool on March 25, you would receive no earnings credit for the month.
You must contribute at least 1 Ethereum + the equivalent amount of Opacity (OPCT) tokens within a single transaction to the Uniswap liquidity pool.
Rewards will be paid out between the 15th and the 20th of the month following when all earning criteria have been met.
How Much Can I Earn?
You earn from both the Opacity Rewards Program and the Unsiwap fees paid to liquidity providers.
The Opacity Rewards Program monthly interest rate will decrease as OPCT is paid out of the rewards fund to the liquidity providers. Here is the calculation for rewards earned and the the monthly interest rate based on the amount of OPCT remaining in the rewards fund:
Rewards Earned = OPCT in Your Uniswap Liquidity Pool * Monthly Interest Rate
Monthly Interest Rates
- 1.6M — 2M = 10% per month
- 1.2M — 1.6M = 5% per month
- 800,000–1.2M = 2.5% per month
- 400,000–800,000 = .83% per month
- 0–400,000 = .42% per month
For example, you deposit 4 Ethereum and 50,000 OPCT on May 30 and maintain the liquidity throughout June until withdrawing liquidity on July 1. Since the program has been running for some months, the amount remaining in the rewards fund is 1.4M OPCT.
You will receive: 50,000 OPCT * .05 = 2,500 OPCT Rewards
In addition, you will earn from Uniswap fees that are paid to liquidity providers. There is a 0.3% fee for swapping tokens for users of Uniswap. This fee is split by liquidity providers proportional to their contribution to liquidity reserves.
How Do I Join?
You will need:
- 1 Ethereum worth of OPCT tokens
- 1 Ethereum
- A Web3 wallet to connect to Uniswap, such as the MetaMask Browser Extension
- Place the OPCT tokens and Ethereum in the wallet
- Access to Uniswap
Once you have the above ready, here are the steps to join:
You must whitelist your Ethereum address by completing the Opacity Rewards Program registration process. Fill out the form below:
https://opacityliquidity.paperform.co/
Once completed, visit the Opacity Liquidity Pool on Uniswap
- Click “Select Token” and add “Opacity” (OPCT)
- Click “Connect Wallet” to connect the wallet you used to whitelist (Metamask recommended)
- Click “Add Liquidity” and click “Confirm”
NOTE: In order to be eligible for OLRP rewards, you must add at least one Ethereum and the market equivalent amount of Opacity (OPCT) within a single transaction.
FAQ
Is Uniswap Safe?
While we certainly believe Uniswap is safe, we need to make it known that Opacity does not control Uniswap. Opacity has no control over lost funds to Uniswap and using the platform is at your own risk.
Uniswap is one of the most used smart contracts in crypto and known as a liquidity leader. It is built on a smart contract with no central authority. Here is a security audit performed by ConsenSys.
When can I withdraw?
You can withdraw funds from Uniswap at any time! You are 100% in control.
Remember, any withdrawal resets your account and you will no longer earn Opacity rewards.
What are the requirements to be eligible?
Simple: provide Uniswap liquidity for at least one calendar month and have contributed at least 1 Ethereum + 1 Ethereum of OPCT tokens to the Uniswap liquidity pool.
What if I want to lock more Opacity?
Go for it! Remember, each deposit is treated separately for calendar month earnings eligibility.
What if the price of OPCT or ETH changes?
We highly encourage anyone who is participating in the OLRP to understand how Uniswap Liquidity Pools work. Here is a good video to explain by Chris Blec.
It is important to understand that the ratio of your Ethereum to Opacity will fluctuate while participating in Uniswap due to market changes. If there is an increase in demand for ETH, your ratio may see an increase in Opacity. If there is an increase in demand for Opacity, your ratio may see an increase in ETH.
How is the price on Uniswap calculated?
This formula is surprisingly simple. Watch this video for a deeper understanding of the price.
Where can I find the Opacity liquidity pool on Uniswap?
https://info.uniswap.org/pair/0xd07d843cd1d769cdf918be8a3c2c0b708889f7fc
Where can I find the Opacity Liquidity Rewards wallet that determines the monthly interest rate?
https://etherscan.io/address/0x4119c4b254bb86eb1d105daefc9fd94a55aec5ac
About Opacity
Founded in 2018, Opacity Storage is dedicated to online data privacy and security. Online data breaches continue to be a major consumer risk. Opacity is reducing this risk by removing the need to provide personal payment data and by decentralizing files stored online. For more information, visit opacity.io and follow @Opacity_Storage on Twitter.
Join Opacity
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