Announcing the First Terra Virtua Defi LP Rewards Program for Terra Virtua Kolect (TVK) Holders!
We are excited to announce the launch of our first liquidity mining product! Our Liquidity Mining product is unique, as it allows users to provide liquidity through a number of different protocols, starting with Uniswap.
Starting on July 30, we will incentivize those users who add liquidity to the TVK/ETH trading pair with an initial APY of 500% through our new Terra Virtua Defi platform using defi terminal from AllianceBlock
We want to add value to our NFT ecosystem at every level, and giving extra rewards for TVK holders is a big part of that plan. Our liquidity mining program will to ensure that Terra Virtuans have enough liquidity on a decentralized exchange.
Participants will be entitled to the regular 0.3% exchange fee provided by Uniswap, plus they will receive TVK token rewards for staking their LP tokens from the Uniswap Liquidity Pool. By farming TVK, users can participate in Prestige and other staking initiatives in the future!
Steps to participate
- First connect your wallet on the Terra Virtua Defi dashboard here.
2. Next you need to get your LP tokens. Simply click on the + symbol, which opens the following window within the dashboard. To participate in the pool you need to have Wrapped ETH (WETH) in your wallet. You can obtain this from exchanges, or on Uniswap, or even convert directly in Metamask- there are gas fees for doing this conversion.
3. You choose how much TVK / WETH you want to add — you complete one field and the other is calculated for you. Then you click to approve the WETH. You need to ensure you have sufficient amount in your wallet. Confirm and sign the transaction in Metamask.
4. Once this process is complete, you now have your LP tokens. You can now choose how many you wish to stake (or just choose MAX). Approve and stake.
5. Congratulations! Your tokens are now staked and you are earning rewards! Welcome to liquidity mining!
TVK Liquidity Mining Program Overview
Dashboard — https://terravirtua.defiterm.io
Uniswap Pair — TVK/ETH
Duration — 30 days (with the option to extend for longer)
Allocation — 1,000,000 TVK tokens
Initial APY: 500%
Disclaimer: Any APY is subject to change based on the number of liquidity providers staking their LP tokens, as well as the market volatility. This is the initial absolute APY rate based on this exact time’s conditions, without any guarantee and are non-binding, they are listed solely for information purposes. Please note providing liquidity to Uniswap comes with some risk. We advise all of you to be aware of this by understanding returns.
