Introducing Mainnet SWPR farming
Swapr farms are launching on Mainnet Ethereum October 14th, 2021
Swapr farming launched on Arbitrum nearly a month ago, and created a massive flood of TVL and volume, surpassing $70m Total Value Locked (TVL) with $1–3m in average volume trailing close behind. In an effort to expedite SWPR farming, Arbitrum farms launched as soon as possible, giving Mainnet additional time to finalize the governance process. Mainnet farms are now ready to launch, and they’re set to commence today, October 14th, 2021 at 15:00 UTC.
It’s important to note that despite launching alongside Epoch 3 of Arbitrum, Mainnet will follow the originally planned Epoch 1 allocation. A main focus of Mainnet farms is gas efficiency, and they’ll start with combining the first 4 epochs, with the potential to combine additional epochs in the future.
You can follow the Mainnet farms going live in the Epoch 1 emissions schedule:
Included in Mainnet Epoch 1–4:
- SWPR / WETH — 60% allocation with 310,800 SWPR over 2 months;
- DXD / WETH — 25% allocation with 129,500 SWPR over 2 months;
- DAI / WETH — 15% allocation with 77,000 SWPR over 2 months.
These allocations were decided on to cement SWPR liquidity on Mainnet, to support DXdao ecosystem tokens (DXD, at the time), and to provide additional incentives to the largest Mainnet pool. The results of these campaigns will be monitored closely, and additional pairs/reductions are expected based on community feedback.
To conclude; Mainnet farms begin today, October 14th, 2021 at 15:00 UTC, and end on December 9th, 2021 at 15:00 UTC. Please join in on broader community conversations, and share your thoughts on these campaigns in the DXdao Discord Swapr channels.
About Swapr: Swapr is a multi-chain automated market maker (AMM), deployed on Ethereum mainnet, xDai, and Arbitrum. Swapr is the first AMM to allow for adjustable swap fees through governance, as well as the first DAO deployed DeFi protocol on Ethereum; developed organically within the DXdao community.