EXTENDED: Public Mint Liquidity Rewards Program
After a successful first month, we’re happy to announce that the Public Mint Liquidity Rewards Program will be extended for another 30 days, with up to 315% APY in earnings.
UPDATE June 4, 2021: the Public Mint Liquidity Rewards Program has been extended indefinitely until the release of the EARN program and the mobile wallet. More details in this post.
We’re thrilled to announce that starting on Wednesday, April 7, 2021, the Public Mint Liquidity Rewards Program will officially be extended for another 30 days until Friday, May 7, 2021, at approximately 19:56 UTC — with another potential extension following.
This extension aims to reward and incentivise our community for the liquidity provided to the MINT/ETH Uniswap pair, and to offer new participants a chance to earn some MINT tokens in the run-up to the launch of the Public Mint EARN program, as per the roadmap outlined in our litepaper.
What happens next
This phase of the Liquidity Rewards Program will mostly follow the same general rules of the first one. Here’s a brief FAQ with the main questions regarding the extension:
What happens to my staked LP tokens?
If you had MINT/ETH LP tokens staked at the moment of the renewal, you don’t need to do anything. Your will continue to accrue rewards as before — simple as that.
Do I have to unstake my LP tokens or harvest my MINT rewards?
No, you can just leave them untouched and you’ll keep on earning — so no need to spend that ETH on gas fees!
How many MINT tokens will be allocated for the extension?
There will be another 1,000,000 (one million) MINT tokens allocated for the 30 days — this means ~33,333 MINT tokens per day for the second 30 day period.
With the extension, when does the program end?
In principle, 30 days from the beginning of the extension — meaning approximately 19:56 UTC, May 7, 2021. But this date may be extended for one more time, so stay tuned for further announcements in our Telegram channel, Twitter and LinkedIn profiles.
I’ve just bought MINT tokens. How do I start earning rewards?
Follow the instructions from this article to start earning up to 315% APY in no time.
About Public Mint
Public Mint bridges the worlds of traditional fiat with the innovative world of crypto, offering a complete platform for synthetic fiat, regulated and fully collateralized with funds held on deposit with FDIC-insured financial institutions.
Public Mint offers a fiat-native blockchain, APIs and web components, open and ready for anyone to build fiat-native applications and accept credit cards, ACH, wire transfers and more. No bank accounts needed.
Our upcoming MINT Global Earn program brings direct fiat liquidity to CeFi and DeFi, exposing these opportunities to the world at large via earnings-bearing synthetic fiat currencies.
Public Mint news and resources
Telegram Group: https://t.me/PublicMint
Telegram ANN: https://t.me/PublicMintANN
Lite paper: http://bit.ly/3tEYmqv