STP Network Launches Liquidity Mining Program on Uniswap
STP Network has integrated its native token STPT with Uniswap. To ensure better liquidity and better prices for trading STPT, we are launching a new STPT — Uniswap liquidity mining program that will provide an estimated APR of ~120%.
On Uniswap, the STPT trading pools are live and token holders can enter the STPT contract address, in order to provide liquidity or trade on the platform. Or you can directly visit our STPT-Uniswap Pool.
What is STPT-Uniswap Liquidity Mining Program?
The new STPT-Uniswap liquidity mining program is a chance for STPT community members to earn a large number of STPT by providing liquidity on Uniswap V2. The more liquidity you provide, and the longer duration that you provide the liquidity, the greater the share of the STPT from the interest pool.
The 1st round of the staking program will last for 60 days from September 1st to November 1st. The STPT interest will be distributed to the participants on a monthly basis with an estimated APR of 120%.
Participants can join the staking program and earn STPT by following the 3 steps below:
Step 1: Add liquidity to the STPT/ETH Uniswap Pool.
Go to the ‘Pool’ section of the Uniswap V2 interface and click ‘Add Liquidity’. Connect your Metamask wallet (or other supported wallets) and deposit STPT and ETH into the liquidity pool.
Step 2: Receive STPT Uni-V2 LP token
Once the deposit is completed, you will automatically receive the STPT UNI-V2 LP tokens which represents your share of the STPT liquidity pool.
Step 3: Stake those UNI-V2 LP tokens on Blockzone and start to earn STPT interest
Go to Blockzone.com and login to your account. Deposit the UNI-V2 LP tokens by depositing them to your Blockzone wallet just like if it was STPT. The system will automatically calculate your share of the staking pool and the corresponding interest. The deposit period will open from August 25th and the interest calculation will start from September 1st.
Now you are all set! Once you have deposited the UNI-V2 tokens, you can check your current staking pool share through the Blockzone User Center. You can stake more UNI-V2 tokens whenever you want.
How is the interest calculated?
The interest is uncompounded and distributed on a monthly basis with an estimated APR of 120 %. The more token amount you stake and the longer you stake the STPT UNI-V2 LP token relative to others, the greater share of the interest pool you receive. You will receive the interest of the current month on the 1st day of the next month. The interest distribution days are October 1st and November 1st.
If Participants wish to redeem their staked tokens before the end of the program, they can do so after the 30-day lock-up period. The interest is calculated based on ‘pool share’ of a participant: a participant can receive monthly interest even if he or she stakes less than a month; however, one can not redeem before the 30 day period and also redeeming before the interest distribution day will result in losing the interest of the current month. The STPT interest will appear in the users’ Blockzone by the time of redemption or the end of the staking program.
How is my staking pool share calculated?
Ownership share of the interest is equal to:
User Pool Share / Global Pool Share
For example, there are 2 stakers in the staking pool, A and B. Alice has staked 10 tokens for 2 days, Bob has staked 5 tokens for 6 days.
A Pool Share = 10 tokens * 2 days = 20
B Pool Share = 5 tokens * 6 days = 30
Global Pool Share = A Pool Share + B Pool Share = 50
A owns 20 / 50 = 40%
B owns 30 / 50 = 60%
The pool share will be confirmed by the end of each month. The percentage of the pool ownership will determine the amount of interest distribution, with which everyone can receive an estimated APR of 120%!
Join fast to collect more STPT tokens on Uniswap and Blockzone!
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. A simple formalized equation drives unstoppable liquidity for thousands of users and hundreds of applications. The Uniswap protocol is now one of the most widely-used platforms on Ethereum, with approximately $1.5B in volume in July 2020 alone.
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