Ethereum Frosty’s Pool (SNOW Staking) Migrating to Boosted Version
TL;DR
❄️ Boosted Frosty’s Pool (SNOW staking) with higher liquidity mining rewards is launching Friday, October 29, 2021
❄️ Users can choose from 1, 15, and 30 day locking periods
❄️ 180 SNOW will be distributed daily (split between the locking periods)
❄️ This replaces the old pool and users need to migrate
Frosty’s Pool is finally being upgraded on Ethereum to a new, boosted version! Like before, you can stake your SNOW from the Stake page of the SnowSwap web site. However, now in return for bonding your LP tokens for a minimum amount of time, you can earn an even higher staking APR.
If you need to get SNOW, you can get some on Uniswap (as mentioned in this guide) or Gate.io (SNOW/ETH or SNOW/USDT).
“Locked staking” refers to the process of locking your LP tokens and rewards on the SnowSwap platform for a minimum period of time. Locked staking pools pay higher staking rewards than regular pools. After depositing to a locked pool, you can withdraw the deposited amount and harvest your SNOW rewards only after the expiration of the locking period. Locking additional tokens resets the locking period. To lock different groups of assets with different locking periods, you must use multiple wallets.
The individual APR of the 1, 15, and 30 day periods will change depending on the amount of assets staked and the price of SNOW. The split of SNOW rewards between the locking periods will also vary but in general the longer staking periods will have a higher APR.
Liquidity mining for the old Frosty’s Pool will stop on October 28. Users must migrate to the new pool to keep receiving rewards.
We also just launched a new SNOW-USDC trading pair on QuickSwap and a boosted Frosty’s Pool on Polygon. Stay tuned for more announcements soon!
