Rivera Voyage Kicked Off with Pre-Mined RIV Tokens
Start earning boosted yield on our partner vaults with pre-mined RIV Tokens.
In a little over three months since the launch of our mainnet, Rivera has navigated an exceptional path. With more than 9,000 Liquidity Providers (LPs) facilitating over a million seamless transactions for our partner DEXs, Rivera stands at the forefront of simplifying concentrated liquidity for everyone. And now, the journey takes an even more remarkable turn with the introduction of the Rivera Voyage.
Starting today, Rivera users have the opportunity to embark on a pre-mine expedition, earning xRIV tokens by actively participating in Rivera vaults. The xRIV tokens accumulated during this pre-mine phase can be redeemed 1:1 with RIV tokens after the Token Generation Event (TGE). We’re certain many questions may arise, so continue reading on to learn all about Rivera Voyage and its flagship RIV pre-mine program.
xRIV (Rivera Experience Token) is the pre-mined RIV token created to incentivize early adopters of the ecosystem. Users can claim their xRIV rewards after the launch of the RIV token in a 1:1 ratio.
Welcome aboard the Rivera Voyage!
Rivera Voyage promises not only to reward existing participants but also to invite new voyagers to join the epic journey. As we set sail, let’s explore the details of our Pre-mine Program, an opportunity for all Rivera Voyagers to accumulate and claim our native token, RIV. The pre-mined RIV tokens will be awarded after the TGE — anticipated in Q3 2024, subject to market conditions and other considerations.
Rivera Pre-mine — A Closer Look
If you’re already a part of the Rivera community, we extend our thanks for your ongoing commitment. For those yet to embark on this adventure, dive into the Rivera Vaults to secure your RIV supply while earning juicy yield through LPing at DEXs. With automated rebalancing, IL minimization, and off-chain computation, your liquidity remains always active. An easy and secure way to make a passive income on your crypto holdings. Now, even more, rewarding with pre-mine RIV tokens.
Detailed Pre-mine Breakdown
Token Distribution: RIV tokens can be earned by interacting with our boosted pools, and these tokens can be claimed after TGE.
FDV Benchmark: Rewards are distributed at an FDV of $10 million, aligning with our last valuation. The Annual Percentage Rate (APR) for rewards is calculated based on the RIV price of $0.10, with a total supply of 100 Million.
Algorithmic Decay: Rewards in all vaults follow an algorithmic decay structure, ensuring early participants receive higher rewards.
Boosted Vaults: RIV tokens can be earned by supplying liquidity through boosted vaults only. Eligible vaults will be prominently featured on the dashboard and other pages that list vaults.
Rewards Tracking: A dedicated Rewards Tab allows you to monitor your RIV earnings across all vaults and networks. Rewards are allocated and listed on the rewards page at the end of each pre-mine epoch. Each epoch is expected to last 7 to 14 days.
Genesis Epoch: The inaugural pre-mine features exclusive vaults built with our partner DEXs and Networks. In the Genesis epoch, the following vaults are eligible for the premine rewards.
- WETH-USDC-A75 Vault Vault at AGNI Finance (Mantle Network)
- WMNT-WETH-Y Vault at AGNI Finance (Mantle Network)
- WETH-USDT-Y Vault at AGNI Finance (Mantle Network)
- USDC-USDT-Z Vault at ApertureSwap (Manta Network)
- WETH-USDC-Y Vault at ApertureSwap (Manta Network)
- WETH-USDT-A75 Vault at ApertureSwap (Manta Network)
- STLOS-WTLOS-Z Vault at Swapsicle (Telos Network)
- WTLOS-USDT-Y Vault at Swapsicle (Telos Network)
- SLUSH-WTLOS-Y Vault at Swapsicle (Telos Network)
A total of 100,000 pre-mined Rivera Tokens (xRIV) is allocated for the genesis epoch which will be distributed over the next 14 days to the depositors of the above vaults.
Join our Discord community for more in-depth insights into the pre-mine and to share in the excitement. Stay tuned as we express our gratitude further with future premine pool details, shared via Discord and Twitter in the days to come.
A Fresh Horizon: Improved UX & Easy Interface
Experience Rivera like never before with our improved web & mobile interface. All vaults are now aggregated into their respective DEX pages. Users can easily find the list of DEXs and vaults available under those DEXs.
The improved dashboard highlights our flagship vaults and strategies. Users can easily filter through an array of choices such as Strategy Type, Network, and other tags so they can easily find their required vaults among hundreds of vaults soon to be available with Rivera.
Retroactive Rewards: Honoring Past Contributions
Wondering about the recognition for your past contributions? Fear not! While the pre-mine is an opportunity to reward new and active participants, we acknowledge and value the efforts of our longstanding community members. Retroactive rewards will be awarded for the contribution of our early users on top of the Testnet rewards and Early Liquidity Mining rewards that are already allocated in xRIV. Stay tuned for the snapshot date.
Exciting Times Ahead!
Building in challenging market conditions is no easy feat, but we emerge stronger than ever. A heartfelt thank you to our community who have played a pivotal role in our journey.c
The past year has witnessed remarkable progress and major milestones, and we’re thrilled to elevate our liquidity with enticing rewards in the weeks to come. With more rewards on the horizon, we’re entering a season of double rewards, including contributions from our partners. Join us in making Rivera a cornerstone of the DeFi landscape!
Embark on this new journey with us — all aboard for the Rivera Voyage!
Website: https://rivera.money/
Docs: https://rivera.gitbook.io/docs/
Twitter: https://twitter.com/Rivera_Money_
Discord: discord.gg/DkdZ5DyJga
