SNOW-USDC QuickSwap Trading & Olaf’s Staking Pool Launch (Polygon)
TL;DR
❄️ SNOW-USDC trading pool launch on QuickSwap @ October 14, 2021
❄️ Olaf’s Pool (SNOW-USDC LP) staking pool launch @ October 14, 2021
❄️ 140 SNOW liquidity mining rewards will be distributed daily
❄️ MATIC rewards expected soon
Providing Liquidity for SNOW on Polygon
Since the launch of the Penguin Pool on Polygon, it has been an important task to create sources of liquidity for SNOW native to the Polygon network. We are happy to announce the official creation of a SNOW-USDC liquidity pool on QuickSwap, the #1 DEX on the Polygon network. Now you will be able to enter and exit your SNOW positions natively on Polygon without having to bridge back to Ethereum!
Liquidity Mining Rewards
In conjunction with the launch of this pool, we will start liquidity mining rewards for QuickSwap SNOW-USDC Liquidity Providers. Initially, 140 SNOW per day will be distributed to stakers in the Polygon Olaf’s Pool, based on each investor’s percentage ownership.
Staking into Olaf’s Pool
To stake your assets in Olaf’s Pool, first deposit SNOW and USDC into the SNOW-USDC liquidity pool on QuickSwap, then take your LP tokens and deposit them into Olaf’s Pool, accessible from the Stake page of the SnowSwap web site. Be sure you have the Polygon network selected.
Bridging Assets from Ethereum
If you don’t have SNOW or USDC on Polygon, you can send these tokens from Ethereum using the bridge feature in the Polygon Web Wallet. Please refer to our guide on how to do send USDC to Polygon. You also will need a small amount of MATIC to pay for gas on Polygon. There are some faucets which will give you a small amount of MATIC enough to make a trade on QuickSwap to get some more. One such faucet is MacNCheese Faucet which will give you 0.001 MATIC. Once you’ve got USDC and MATIC, you can purchase SNOW on QuickSwap.
There are many tutorials on how to configure MetaMask to support Polygon. Here’s one example.
Thanks for your patronage and support. Stay tuned for many new announcements. These are exciting times at SnowSwap!
