BRUSH is now deflationary!
BRUSH emissions on Fantom Opera have ceased.
This move has burned approximately 34M BRUSH, leaving the token at ~416M Max supply. Along with this, the buyback and burn mechanism will continue to operate.
Now that emissions are cut off, we will also be moving our LP from FTM to Sonic. You have choices on where to park your LP as we have started Liquidity Pools in Beets Finance, Equalizer Exchange, and Shadow Finance.
We’re also incentivizing the following three LP pools :
Shadow with a S/BRUSH 50–50 LP, Beets with a scUSD/BRUSH 20/80 LP, and Equalizer with a wS/BRUSH 50–50 LP.
How to obtain scUSD :
Simply go to https://app.rings.money/#/mint and exchange your USDCe for scUSD on a 1:1 rate. Alternatively, you can use the swap/trade function from DEXes like Shadow, Beets, and Equalizer or aggregators like Odos and Magpie to directly trade scUSD with your tokens.
You can also use the Rings Bridge to conveniently move ETH assets over to S.
How to obtain BRUSH :
If your LP is still in the farms/staked, you must first retrieve your LP from https://fantom.paintswap.finance/farms/
Remember, once you retrieve your LP, you need to first break your LP down into their components (here: https://spooky.fi/#/pools/v2) before you are able to bridge.
If you still have BRUSH in Fantom Opera, you can use https://bridge.paintswap.io/ to bridge your assets over to Sonic.
Alternatively, BRUSH can be swapped through DEXes such as Equalizer, Beets, and other exchanges or aggregators like Odos and Magpie.
How to get wS/S
If you haven’t yet, you can trade and bridge your FTM into S tokens at a 1:1 ratio via https://my.soniclabs.com/upgrade
Once you have your S, you can use any DEX (or directly inside Rabby wallet) to have your S wrapped into wS at 1:1 ratio.
Picking your pool :
Once your tokens are ready, head on over to the pools listed below and deposit your LPs.
*Remember to DYOR before investing and please be vigilant against phishing attempts. When in doubt, go to official sources for official links.
Shadow — S/BRUSH :
Note: This is a CL farm where your APR position will operate in the range you specify. A narrow range gives more APR but also comes at a higher risk. Moving outside the range typically inflicts more impermanent loss (IL) than traditional farms with an infinite range. Withdrawing assets when there is IL will lead to permanent loss (PL).
Note2: Shadow incentive do not start until around January 16, 2025.
Beets — scUSD/BRUSH :
Note: It is recommended that you avoid adding one-sided Flexible BRUSH deposits to the pool as this will cause you to sell 20% of your BRUSH stack into the pool(with high slippage).
Equalizer- wS/BRUSH 50–50 :
https://equalizer.exchange/liquidity/0x38cFA6cB37d074B6E954C52d10a4cf0e4268607b/add
ALL the tokens that BRUSH is paired with are incentivized LP Pairs for the upcoming Sonic Airdrop (read more about it here: https://blog.soniclabs.com/sonic-points-simplified-how-to-qualify-for-200-million-s-airdrop/). Some of these pairs even have added Gems rewards on top of them!
So what are you waiting for? Start earning those points now!
Keep painting!
